Alert: Mixed Investment/Fundamental Signals (8/5/24)-Sabine Royalty Trust (NYSE: SBR)

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Extremely important negative changes in investment behavior have recently occurred for Sabine Royalty Trust (NYSE: SBR): the stock’s recent price decline challenged its longer term uptrend, its shorter term price trend turned down, the stock fell on very heavy volume, 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.

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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). The Value Trend Rating reflects very contradictory signals from PTR’s two proprietary measures of a stock’s attractiveness. Sabine Royalty Trust has a very high Appreciation Score of 98 but a slightly negative Power Rating of 34, leading to the Positive Value Trend Rating.

Recent Price Action

On 8/5/24, Sabine Royalty Trust (NYSE: SBR) stock declined modestly by -1.5%, closing at $60.10. Moreover, this decline was accompanied by exceptionally high trading volume at 250% of normal. The stock has performed in line with the market over the last nine months and has declined -6.0% during the last week.

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