San Juan Basin Royalty Trust (NYSE:SJT) Stock Crosses Above 200 Day Moving Average – Should You Sell?

Shares of San Juan Basin Royalty Trust (NYSE:SJT) passed above its 200-day moving average during trading on Thursday. The stock has a 200-day moving average of $3.53 and traded as high as $3.82. San Juan Basin Royalty Trust shares last traded at $3.7990, with a volume of 228,739 shares changing hands.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings lowered shares of San Juan Basin Royalty Trust from a “sell (d)” rating to a “sell (e+)” rating in a research report on Friday, August 21st. One equities research analyst has rated the stock with a Sell rating. According to MarketBeat.com, the stock presently has a consensus rating of “Sell”.

San Juan Basin Royalty Trust Price Performance

The company has a market capitalization of $178.93 million, a P/E ratio of -383.90 and a beta of 0.70. The firm has a fifty day moving average price of $3.05 and a 200-day moving average price of $3.53.

Institutional Investors Weigh In On San Juan Basin Royalty Trust

Several large investors have recently made changes to their positions in SJT. Punch & Associates Investment Management Inc. boosted its holdings in shares of San Juan Basin Royalty Trust by 57.8% in the 4th quarter. Punch & Associates Investment Management Inc. now owns 700,000 shares of the oil and gas producer’s stock worth $3,934,000 after buying an additional 256,299 shares during the last quarter. Pingora Partners LLC increased its holdings in San Juan Basin Royalty Trust by 111.2% during the fourth quarter. Pingora Partners LLC now owns 135,057 shares of the oil and gas producer’s stock worth $759,000 after buying an additional 71,111 shares during the last quarter. State of Wyoming increased its holdings in San Juan Basin Royalty Trust by 73.9% during the first quarter. State of Wyoming now owns 36,596 shares of the oil and gas producer’s stock worth $176,000 after buying an additional 15,552 shares during the last quarter. Mountaineer Partners Management LLC increased its holdings in San Juan Basin Royalty Trust by 1.8% during the fourth quarter. Mountaineer Partners Management LLC now owns 732,351 shares of the oil and gas producer’s stock worth $4,116,000 after buying an additional 13,297 shares during the last quarter. Finally, SevenBridge Financial Group LLC bought a new stake in San Juan Basin Royalty Trust in the first quarter worth about $45,000. 10.42% of the stock is owned by hedge funds and other institutional investors.

San Juan Basin Royalty Trust Company Profile

San Juan Basin Royalty Trust (NYSE:SJT) is a grantor trust that owns royalty interests in oil and natural gas properties located in the San Juan Basin of northwestern New Mexico. The trust does not explore for, develop, or directly produce hydrocarbons. Instead, it receives income based on production from the underlying properties after the deduction of specified production, administrative, and other expenses.

The trust was established in 1980 in connection with the transfer of interests in San Juan Basin oil and gas properties.