Sabine Royalty Trust (NYSE:SBR) Stock Rating Update by

Sabine Royalty Trust (NYSE:SBR – Get a Rating) was upgraded by from a “hold” rating to a “buy” rating in a report released on Tuesday.

Sabine Royalty Trust shares up 3.8%

SBR stock opened at $78.79 on Tuesday. The company’s fifty-day simple moving average is $72.15 and its 200-day simple moving average is $67.33. Sabine Royalty Trust has a 12-month low of $38.83 and a 12-month high of $90.73.

Sabine Royalty Trust (NYSE:SBR – Get Rating) last released quarterly earnings data on Thursday, August 11. The energy company reported EPS of $1.87 for the quarter. The company had revenue of $28.04 million for the quarter. Sabine Royalty Trust had a net margin of 96.53% and a return on equity of 774.40%.

Hedge funds weigh on Sabine Royalty Trust

Major investors have recently changed their positions in the company. Archer Investment Corp acquired a new position in shares of Sabine Royalty Trust in Q1 worth $37,000. Dorsey Wright & Associates acquired a new position in Sabine Royalty Trust during the first quarter worth $43,000. US Bancorp DE acquired a new position in Sabine Royalty Trust during the second quarter worth $49,000. Citizens National Bank Trust Department acquired a new position in Sabine Royalty Trust during the fourth quarter worth $42,000. Finally, Lazard Asset Management LLC increased its position in Sabine Royalty Trust by 40.7% during the second quarter. Lazard Asset Management LLC now owns 1,642 shares of the energy company worth $99,000 after acquiring 475 additional shares during the period.

About Sabine Royalty Trust

(Get a rating)

Sabine Royalty Trust owns royalties and mineral interests in various oil and gas producing properties in the United States. The Company’s mining royalties and interests include landowner’s royalties, overriding royalty interests, minerals, production payments and other similar non-participating interests in certain undeveloped and proven oil and gas properties located in Florida, in Louisiana, Mississippi, New Mexico, Oklahoma and Texas.

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