Cross Timbers Royalty Trust (NYSE: CRT) has reported earnings for its fourth fiscal quarter (ending December 31) of $0.40 versus $0.46 for the same period a year ago — a decline of -13%. E.P.S. were $1.92 for the latest four quarters through December 31 versus $1.96 for the same period a year ago — a decline of -2%.
Recent Price Action
Cross Timbers Royalty Trust (NYSE: CRT) stock closed at $13.53 on 4/1/24 after a large increase of 3.8%. Moreover, unusually high trading volume at 170% of normal accompanied the advance. The stock has been weak relative to the market over the last nine months but has risen 7.2% during the last week.
Current PriceTarget Research Rating
Reflecting future returns on capital that are forecasted to exceed the cost of capital, CRT is expected to continue to be a major Value Builder.
Cross Timbers Royalty Trust has a current Value Trend Rating of C (Neutral). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing very contradictory signals. Cross Timbers Royalty Trust has a very high Appreciation Score of 90 but a poor Power Rating of 17, with the Neutral Value Trend Rating the result.
Rating Review
In light of this new information we are reviewing our current Overall Rating of C. This review will be completed in the next several days.
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