Sabine Royalty Trust (NYSE: SBR) suffers from extremely meaningful negative changes in investment behavior: the stock’s recent price decline challenged its longer term uptrend, its shorter term price trend turned down, its longer term price trend turned down, and negative upside/downside volume developed.
Positive development: significant quarterly earnings acceleration occurred. Negative development: significant quarterly sales deceleration occurred.
In light of these highly negative signals we are reviewing our current Overall Rating of B. We would view the shares with caution pending completion of this review in the next several days.
Current PriceTarget Research Rating
Reflecting future returns on capital that are forecasted to be above the cost of capital, SBR is expected to continue to be a major Value Builder.
Sabine Royalty Trust has a current Value Trend Rating of B (Positive). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing very contradictory signals. Sabine Royalty Trust has a very high Appreciation Score of 98 but a poor Power Rating of 30, leading to the Positive Value Trend Rating.
Recent Price Action
Sabine Royalty Trust (NYSE: SBR) stock declined modestly by -1.2% on 6/21/24. The stock closed at $62.92. This decline was accompanied by normal trading volume. The stock has performed in line with the market over the last nine months and has declined -6.6% during the last week.
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