SJT - San Juan Basin Royalty Trust

NYSE - Nasdaq Real Time Price. Currency in USD
5.85
+0.15 (+2.63%)
As of 12:38PM EDT. Market open.
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Previous Close5.66
Open5.71
Bid5.85 x 800
Ask5.86 x 1000
Day's Range5.63 - 5.87
52 Week Range4.21 - 9.04
Volume78,624
Avg. Volume184,731
Market Cap272.661M
Beta (3Y Monthly)0.61
PE Ratio (TTM)12.53
EPS (TTM)0.47
Earnings DateN/A
Forward Dividend & Yield0.40 (7.13%)
Ex-Dividend Date2019-02-27
1y Target Est20.50
Trade prices are not sourced from all markets
  • Elite Dividend Payers: The Cure for the Biggest Mistake Income Investors Make
    InvestorPlace4 days ago

    Elite Dividend Payers: The Cure for the Biggest Mistake Income Investors Make

    Amateur investors often bring up a common objection to buying elite dividend-paying businesses. Acting on this objection often leads them into very risky investments.Most elite dividend payers sport annual dividend yields in the neighborhood of 2%-5%. And these yields are incredibly safe and reliable. They rise every year.In addition to elite dividend payers, the stock market contains groups of businesses that pay annual yields of 6%… 8%… 10%… even 12%.InvestorPlace - Stock Market News, Stock Advice & Trading TipsThe amateur looks at these numbers at says, "Why buy a business that yields 4% when I can buy one that yields 8%?" And then, the amateur makes one of the biggest investment mistakes in the world.They "chase" yield.There's a classic piece of investment wisdom about chasing yield. It goes: "More money has been lost chasing yield than at the barrel of a gun." Chasing yield is the act of buying stocks simply because they offer high yields… while ignoring vital business factors.Some businesses engage in risky business ventures or take on lots of debt in order to pay high yields. Finance and real estate companies often do this.Some businesses own oil & gas wells and pay dividends from the production. Those dividend payouts are often totally dependent on oil & gas prices staying elevated. They can be incredibly volatile.These businesses are usually very dangerous for the average investor.For example, there is a group of companies whose chief business activity is borrowing money at low interest rates… and then using that borrowed money to buy mortgages that pay higher interest rates. They make money from the "spread" between the two.One of the largest and most popular of these companies is Annaly Capital Management (NYSE:NLY).Annaly is probably operated by good people. But because it borrows lots of money to buy mortgages, its business -- and its dividend yield -- is very volatile. Small changes in the business (like how much it has to pay to borrow money) can cause enormous changes in shareholder returns.Below is a chart of Annaly's dividend payments from early 1998 to early 2019. As you can see, these payments are incredibly volatile.The volatile nature of Annaly's dividend payment leads to volatile share price movement. Below is a chart of Annaly's share price during the same time period (early 1998 to early 2019).The volatility in the early 2000's and around the 2008 financial crisis is par for the course, given what was going on in the market.But even after the recovery in 2009 -- note the drop from $19 per share to $10 per share.Or… consider the performance of the San Juan Basin Royalty Trust (NYSE:SJT). Prior to 2014, this trust was one of the biggest most popular trusts that owned natural gas assets.Then, the price of natural gas dropped around 65%. Because the San Juan Basin Royalty Trust derived its revenue from natural gas, its shares dropped as well. As you can see from the chart below, they fell from $20 to around $4 per share.Also consider the performance of Enerplus Resources (NYSE:ERF). Years ago, it was one of the biggest and most popular firms that owned oil & gas wells… and paid dividends out of production.Starting in 2014, crude oil fell from over $100 per barrel to less than $30 per barrel. This decline helped crush Enerplus shares. As you can see, they fell from $25 per share to barely $2 per share.The examples of Annaly, San Juan Basin, and Enerplus are not unique. And I'm not picking on these particular businesses.This story plays out over and over in the stock market… with dozens and dozens of companies.Unsuspecting investors see a company offering a very high yield and they buy it. They don't do any research to determine if the business model is risky or not. In almost every case, it is.Some investors are good at timing their purchases of these volatile businesses. They buy them when they are deeply out of favor with most investors.However, the average investor almost always buys these businesses at the wrong time: near share price peaks. He picks up 8% in dividends and then losses 30% on the share price drop.The individual investor is much, much better off owning stable businesses that pay out reliable and growing dividends. You don't trade in and out of elite-dividend payers. There's no frequent buying and selling. There's no worry that the share price will fall 30%. There's no dangerous leverage.You simply buy them and begin building wealth the low-stress way.While the dividends and share price of Annaly were bouncing up and down, elite dividend payers like Coca-Cola (NYSE:KO) and McDonald's (NYSE:MCD) were paying steady and rising dividends.And that's easy to spot…if you have a powerful, yet elegant tool at your disposal -- like my friend Louis Navellier's Dividend Grader.Once you've found a solid dividend, without a ton of price volatility…the rest is history.Regards,BrianP.S. At this point, some might ask: "If you want to avoid volatility…why not just buy gold?" Well, let me show you why.Compare Brokers The post Elite Dividend Payers: The Cure for the Biggest Mistake Income Investors Make appeared first on InvestorPlace.

  • Business Wire17 days ago

    San Juan Basin Royalty Trust Announces Hilcorp’s 2019 Capital Plan

    The San Juan Basin Royalty Trust (SJT) (the "Trust") announced today that the operator of the Trust's Subject Interests, Hilcorp San Juan L.P. (“Hilcorp”), has provided the Trust with Hilcorp's capital project plan for 2019 (the “2019 Plan”). Hilcorp has estimated that its 2019 capital expenditures for properties subject to the Trust’s royalty interest to be $2,653,000.

  • Business Wirelast month

    San Juan Basin Royalty Trust Declares February Cash Distribution

    Compass Bank, as Trustee of the San Juan Basin Royalty Trust , today declared a monthly cash distribution to the holders of its Units of beneficial interest of $2,642,743.13 or $0.056701 per Unit, based primarily upon production during the month of December 2018, subject to certain adjustments by the operator of the Trust’s subject interests, Hilcorp San Juan L.P.

  • Rigzone.comlast month

    Harvest Oil & Gas Sells San Juan Basin Assets

    US independent Harvest Oil & Gas is exiting the San Juan Basin, just months after emerging from bankruptcy.

  • Business Wire2 months ago

    San Juan Basin Royalty Trust Declares January Cash Distribution

    Compass Bank, as Trustee of the San Juan Basin Royalty Trust , today declared a monthly cash distribution to the holders of its Units of beneficial interest of $1,298,842.10 or $0.027867 per Unit, based primarily upon production during the month of November 2018, subject to certain adjustments by the operator of the Trust’s subject interests, Hilcorp San Juan L.P.

  • Business Wire3 months ago

    San Juan Basin Royalty Trust Declares December Cash Distribution

    FORT WORTH, Texas-- -- Compass Bank, as Trustee of the San Juan Basin Royalty Trust , today declared a monthly cash distribution to the holders of its Units of beneficial interest of $1,125,838.13 or $0.024155 per Unit, based primarily upon production during the month of October 2018, subject to certain adjustments by the operator of the Trust’s subject interests, Hilcorp San Juan L.P. , for prior ...

  • Business Wire4 months ago

    San Juan Basin Royalty Trust Declares November Cash Distribution and Announces Hilcorp’s 2nd Revised 2018 Capital Expenditures Plan

    Compass Bank, as Trustee of the San Juan Basin Royalty Trust (the “Trust”) (SJT), today declared a monthly cash distribution to the holders of its Units of beneficial interest (the “Unit Holders”) of $1,742,480.11 or $0.037385 per Unit, based primarily upon production during the month of September 2018, subject to certain adjustments by the operator of the Trust’s subject interests, Hilcorp San Juan L.P. (“Hilcorp”), for prior months. The distribution is payable December 14, 2018, to Unit Holders of record as of November 30, 2018. Based upon information provided to the Trust by Hilcorp, gas production for the subject interests totaled 2,444,542 Mcf (2,716,158 MMBtu) for September 2018, as compared to 2,530,624 Mcf (2,811,804 MMBtu) for August 2018.

  • Business Wire5 months ago

    San Juan Basin Royalty Trust Declares October Cash Distribution

    Compass Bank, as Trustee of the San Juan Basin Royalty Trust (the “Trust”) (SJT), today declared a monthly cash distribution to the holders of its Units of beneficial interest (the “Unit Holders”) of $3,518,388 or $0.075488 per Unit, based primarily upon production during the month of August 2018, subject to certain adjustments for prior months, and a reversal for prior capital expenditures (including interest) erroneously charged to the Trust for the month of July 2018. The distribution is payable November 15, 2018, to Unit Holders of record as of October 31, 2018. Based upon information provided to the Trust by the operator of the Trust’s subject interests, Hilcorp San Juan L.P. (“Hilcorp”), gas production for the Subject Interests totaled 2,530,624 Mcf (2,811,804 MMBtu) for August 2018, as compared to 3,038,035 Mcf (3,375,595 MMBtu) for July 2018.

  • Business Wire5 months ago

    San Juan Basin Royalty Trust Announces Expected Positive Revisions to its Previous September 2018 Distribution

    Compass Bank, as Trustee of the San Juan Basin Royalty Trust (the “Trust”) (SJT), today reported that Hilcorp San Juan L.P. (“Hilcorp”), the owner of the subject interests, has advised the Trust that it should expect to receive a positive adjustment to its September 2018 distribution of approximately $2.2 million, or approximately $0.0472 per unit of beneficial interest (“Units”). Following July’s excess production costs charged by Hilcorp to the Trust that resulted in no distribution being paid by the Trust to the holders of its Units (the “Unit Holders”) in September 2018, the Trust’s external compliance auditors, at the Trustee’s request, investigated the increased capital expenditures for well recompletions charged to the Trust.

  • Business Wire6 months ago

    San Juan Basin Royalty Trust Announces Hilcorp’s Revised 2018 Capital Expenditures Plan

    Compass Bank, as Trustee of the San Juan Basin Royalty Trust (the “Trust”) (SJT), today reported that Hilcorp San Juan L.P. (“Hilcorp”) has provided the Trust with its Revised 2018 Capital Expenditures Plan (“Revised Plan”). Hilcorp’s original 2018 capital expenditures plan delivered to the Trust in February 2018 reported estimated capital expenditures of $547,800 for the Trust’s subject interests, which included two facility projects and seven well recompletions.

  • Business Wire6 months ago

    San Juan Basin Royalty Trust Declares No Cash Distribution for September, Announces Capital Expenditures in Excess of Plan, and Announces Progress in Transition Reporting

    Compass Bank, as Trustee of the San Juan Basin Royalty Trust (the “Trust”) (SJT), today reported that it will not declare a monthly cash distribution to the holders of its Units of beneficial interest (the “Unit Holders”) based primarily upon excess capital expenditures. Excess production costs occur when production costs and capital expenditures exceed the gross proceeds for a certain period. Excess production costs for this reporting month are due to a significant increase in capital expenditures for well recompletions, with the majority occurring in the San Juan 29-5 unit.

  • Business Wire7 months ago

    San Juan Basin Royalty Trust Declares August Cash Distribution

    Compass Bank, as Trustee of the San Juan Basin Royalty Trust , today declared a monthly cash distribution to the holders of its Units of beneficial interest of $1,474,734.99 or $0.031641 per Unit, based primarily upon gas production during the month of June 2018, subject to certain adjustments for prior months.

  • Business Wire8 months ago

    San Juan Basin Royalty Trust Declares July Cash Distribution

    Compass Bank, as Trustee of the San Juan Basin Royalty Trust , today declared a monthly cash distribution to the holders of its Units of beneficial interest of $1,355,239.18 or $0.029077 per Unit, based primarily upon gas production during the month of May 2018, subject to certain adjustments for prior months.

  • Cheap Energy Stocks This Week
    Simply Wall St.9 months ago

    Cheap Energy Stocks This Week

    Energy companies, such as ECA Marcellus Trust I, trading at a market price below their true values are considered to be undervalued. Smart investors can make money from this discrepancyRead More...

  • Business Wire9 months ago

    San Juan Basin Royalty Trust Declares June Cash Distribution

    Compass Bank, as Trustee of the San Juan Basin Royalty Trust (the “Trust”) (SJT), today declared a monthly cash distribution to the holders of its Units of beneficial interest of $27,876.27 or $0.000598 per Unit, based principally upon estimated oil and natural gas production during the month of April 2018. Hilcorp informed the Trust that it needed to estimate the revenue for the April 2018 production month, similar to the previous month, because their accounting system is not allowing them to record revenue at the well level. The true-up resulted in an approximately $1.5 million reduction in gross proceeds.

  • Does San Juan Basin Royalty Trust’s (NYSE:SJT) Recent Track Record Look Strong?
    Simply Wall St.10 months ago

    Does San Juan Basin Royalty Trust’s (NYSE:SJT) Recent Track Record Look Strong?

    When San Juan Basin Royalty Trust (NYSE:SJT) announced its most recent earnings (31 March 2018), I did two things: looked at its past earnings track record, then look at whatRead More...

  • Business Wire10 months ago

    San Juan Basin Royalty Trust Declares May Cash Distribution

    Compass Bank, as Trustee of the San Juan Basin Royalty Trust , today declared a monthly cash distribution to the holders of its Units of beneficial interest of $677,277.58 or $0.014531 per Unit, based principally upon actual oil production and estimated natural gas production during the month of March 2018.

  • Business Wire11 months ago

    San Juan Basin Royalty Trust Declares April Cash Distribution

    Compass Bank, as Trustee of the San Juan Basin Royalty Trust , today declared a monthly cash distribution to the holders of its Units of beneficial interest of $1,826,734.76 or $0.039193 per Unit, based principally upon production during the month of February 2018.

  • Business Wirelast year

    San Juan Basin Royalty Trust Declares March Cash Distribution

    Compass Bank, as Trustee of the San Juan Basin Royalty Trust , today declared a monthly cash distribution to the holders of its Units of beneficial interest of $1,435,596.57 or $0.030801 per unit, based principally upon production during the month of January 2018.