After each calculation the program assigns a Buy, Sell, or Hold value with the study, depending on where the price lies in reference to the common interpretation of the study. For example, a price above its moving average is generally considered an upward trend or a buy. San Juan Basin Royalty Trust saw a increase in short interest in the month of August. As of August 31st, there was short interest totaling 872,600 shares, an increase of 169.4% from the August 15th total of 323,900 shares. Based on an average daily trading volume, of 507,700 shares, the days-to-cover ratio is currently 1.7 days. San Juan Basin Royalty Trust was created in 1980 and is headquartered in Fort Worth, Texas.
San Juan Basin Royalty Trust Declares Cash Distribution for June 2023 – Yahoo Finance
San Juan Basin Royalty Trust Declares Cash Distribution for June 2023.
Posted: Tue, 20 Jun 2023 07:00:00 GMT [source]
The company was founded on November 1, 1980 and is headquartered in Houston, TX. Data are provided ‘as is’ for informational purposes only and are not intended for trading purposes. © 2023 Market data provided is at least 10-minutes delayed and hosted by Barchart Solutions.
About San Juan Basin Royalty Trust (NYSE:SJT) Stock
These risks are inherent in the energy sector and are not unique to San Juan Basin Royalty Trust. One of the most significant risks facing San Juan Basin Royalty Trust is the potential for changes in consumer preferences and regulatory policies related to climate change. As more consumers shift towards renewable energy sources, demand for oil and gas could decline, impacting the trust’s royalty interests and revenue. Additionally, governments worldwide are implementing policies aimed at reducing carbon emissions, which could also affect the profitability of the energy sector. San Juan Basin Royalty Trust declared a monthly dividend on Monday, August 21st.
The trust holds royalty interests in oil and natural gas properties in the San Juan Basin of northwest New Mexico. The San Juan Basin is one of the largest natural gas-producing areas in the United States, and it has been a significant source of oil and gas for several decades. The trust’s assets consist of royalty interests in approximately 2,400 producing oil and gas wells in the San Juan Basin, which various exploration and production companies operate.
Another week of rising oil prices drove Emerge Energy Services, EP Energy, Bill Barrett, San Juan Basin Trust, and BP Prudhoe Bay Royalty Trust up double digits this week. The industry with the best average Zacks Rank would be considered the top industry (1 out of 265), which would place it in the top 1% of Zacks Ranked Industries. The industry with the worst average Zacks Rank (265 out of 265) would place in the bottom 1%. An industry with a larger percentage of Zacks Rank #1’s and #2’s will have a better average Zacks Rank than one with a larger percentage of Zacks Rank #4’s and #5’s. The Zacks Industry Rank assigns a rating to each of the 265 X (Expanded) Industries based on their average Zacks Rank. Plus, SJT info will be updated daily in your Zacks.com Portfolio Tracker – also free.
Growth Stocks That Pack a Punch With Monthly Dividends
These returns cover a period from January 1, 1988 through July 31, 2023. Zacks Rank stock-rating system returns are computed monthly based on the beginning of the month and end of the month Zacks Rank stock prices plus any dividends received during that particular month. A simple, equally-weighted average return of all Zacks Rank stocks is calculated to determine the monthly return.
- As more consumers shift towards renewable energy sources, demand for oil and gas could decline, impacting the trust’s royalty interests and revenue.
- It allows the user to better focus on the stocks that are the best fit for his or her personal trading style.
- About 98% of the royalties San Juan collects come from natural gas, with the balance coming from oil.
This indicates that the trust has a strong balance sheet and is not heavily leveraged. The Barchart Technical Opinion widget shows you today’s overally Barchart Opinion with general information on how to interpret the short and longer term signals. Unique to Barchart.com, Opinions analyzes a stock or commodity using 13 popular analytics in short-, medium- and long-term periods. Results are interpreted as buy, sell or hold signals, each with numeric ratings and summarized with an overall percentage buy or sell rating.
San Juan Basin Royalty Trust (SJT) Stock Forecast, Price & News
San Juan Basin Royalty Trust engages in the provision of express trust services. Its assets include a net overriding royalty interest out of Burlington Resources Oil & Gas Co. The company was founded on November 1, 1980 and is headquartered in Fort Worth, TX.
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- The scores are based on the trading styles of Value, Growth, and Momentum.
- The Barchart Technical Opinion rating is a 100% Sell with a Weakening short term outlook on maintaining the current direction.
- Another potential growth opportunity for the trust is to invest in renewable energy sources, such as wind or solar power, which could diversify its portfolio and reduce its exposure to commodity price fluctuations.
SJT’s beta can be found in Trading Information at the top of this page. A stock’s beta measures how closely tied its price movements have been to the performance of the overall market. San Juan Basin Royalty Trust’s stock is owned by a number of retail and institutional investors.
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The monthly returns are then compounded to arrive at the annual return. Only Zacks Rank stocks included in Zacks hypothetical portfolios at the beginning of each month are included in the return calculations. Certain Zacks Rank stocks for which no month-end price was available, pricing information was not collected, or for certain other reasons have been excluded from these return calculations. The company has growth opportunities despite the risks and challenges facing the trust.
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provide context on the strength and durability of SJT’s
competitive advantage. Upgrade to MarketBeat All Access to add more stocks to your watchlist. One share of SJT stock can currently be purchased for approximately $6.86. Sign-up to receive the latest news and ratings for San Juan Basin Royalty Trust and its competitors with MarketBeat’s FREE daily newsletter. BOSTON (MarketWatch) — Paul Larson, editor of the Morningstar StockInvestor newsletter, says that «even the most fantastic business in the world can be a sell if it is selling at too high a valuation.»
BBVA USA was a subsidiary of Banco Bilbao Vizcaya Argentaria from 2007 until 2021. The Barchart Technical Opinion rating is a 100% Sell with a Weakening short term outlook on maintaining the current direction. Zacks Earnings ESP (Expected Surprise Prediction) looks to https://1investing.in/ find companies that have recently seen positive earnings estimate revision activity. The idea is that more recent information is, generally speaking, more accurate and can be a better predictor of the future, which can give investors an advantage in earnings season.
The scores are based on the trading styles of Value, Growth, and Momentum. There’s also a VGM Score (‘V’ for Value, ‘G’ for Growth and ‘M’ for Momentum), which combines the weighted average of the individual style scores into one score. Transparency is how we protect the integrity of our work and keep empowering investors to achieve their goals and dreams. And we have unwavering standards for how we keep that integrity intact, from our research and data to our policies on content and your personal data.
Short Interest (08/31/
Style is calculated by combining value and growth scores, which are first individually calculated. San Juan Basin Royalty Trust is an energy sector royalty trust in the United States. It owns approximately 75% net profit interest in a large number of natural gas properties in the San Juan Basin of New Mexico. About 98% of the royalties San Juan collects come from natural gas, with the balance coming from oil. San Juan Basin Royalty Trust has a market capitalization of around $500 million.
One potential growth opportunity is the development of new oil and gas reserves in the San Juan Basin, which could increase the trust’s royalty interests and revenue. The trust could also explore opportunities to expand its royalty interests into other oil and gas-producing regions. Another potential growth opportunity for the trust is to invest in renewable energy sources, such as wind or solar power, which could diversify its portfolio and reduce its exposure to commodity price fluctuations. San Juan Basin Royalty Trust’s market performance has experienced volatility in its stock price over the past few years. However, the trust has maintained a consistent income distribution to its unit holders, which has helped support its stock price. The trust’s stock price is also influenced by changes in commodity prices, interest rate changes, and investor sentiment toward the energy sector.