Enduro Royalty Trust (NDRO) saw a big move last session, as the company’s shares fell by nearly 5% on the day. The move came on pretty good volume too with far more shares changing hands than in a normal session. This continues the recent downtrend for NDRO, as the stock is now down around 22% in the past one-month time frame.
This company has seen a flat track record when it comes to current year estimate revisions over the past few weeks (0 increases, 0 decreases), and the consensus for earnings hasn’t been in a trend either. This recent price action is discouraging, so make sure to keep a close watch of this firm in the near future, and especially on earnings estimates following the recent slump.
NDRO currently has a Zacks Rank #5 (Strong Sell) while its Earnings ESP is negative.
Some better-ranked stocks in broader the Oil-Energy sector include Canadian Solar Inc. (CSIQ), Delek Logistics Partners, LP (DKL) and Cobalt International Energy, Inc. (CIE). All these stocks hold a Zacks Rank #1 (Strong Buy).
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