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Sabine Royalty Trust(SBR-N)
NYSE

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Chart of the Day: Sabine Royalty Trust

Barchart - Thu Jun 2, 2022

The Chart of the Day belongs to the oil and gas royalty trader Sabine Royalty Trust (SBR).   I found the stock by sorting Barchart's Top Stocks to Buy list first by the most frequent number of new highs in the last month, then used the Flipchart feature to review the charts for consistent price appreciation. Since the Trend Spotter signaled a buy on 4/5 the stock gained 32.64%.  

SBR Sabine Royalty Trust

SBR Price vs Daily Moving Averages ( )

Sabine Royalty Trust holds royalty and mineral interests in various producing oil and gas properties in the United States. The company's royalty and mineral interests include landowner's royalties, overriding royalty interests, minerals, production payments, and other similar non-participatory interest in certain producing and proved undeveloped oil and gas properties located in Florida, Louisiana, Mississippi, New Mexico, Oklahoma, and Texas. Sabine Royalty Trust was founded in 1982 and is based in Dallas, Texas. 

Barchart's Opinion Trading systems are listed below. Please note that the Barchart Opinion indicators are updated live during the session every 20 minutes and can therefore change during the day as the market fluctuates. The indicator numbers shown below therefore may not match what you see live on the Barchart.com website when you read this report.

Barchart Technical Indicators:

  • 100% technical buy signals but increasing
  • 131.00+ Weighted Alpha
  • 114.81% gain in the last year
  • Trend Spotter buy signal
  • Above its 20, 50 and 100 day moving averages
  • 15 new highs and up 27.79% in the last month
  • Relative Strength Index 77.81%
  • Technical support level at 77.47
  • Recently traded at 79.00 with 50 day moving average of 64.75

Fundamental factors:

  • Market Cap $1.13 billion
  • Dividend yield 9.45%
  • Revenue expected to grow 11.30% this year

Analysts and Investor Sentiment -- I don't buy stocks because everyone else is buying but I do realize that if major firms and investors are dumping a stock it's hard to make money swimming against the tide:

  • Not rated by Wall Street analysts
  • The individual investors following the stock on Seeking Alpha voted 279 to 18 for the stock to beat the market with the more experienced investors voting 32 to 5 for the same result
  • 5,410 investors are monitoring the stock on Seeking Alpha

Disclosure: I/we have no stock, option or similar derivative position in any of the companies mentioned, but may initiate a beneficial Long position through a purchase of the stock, or the purchase of call options or similar derivatives in SBR, over the next 72 hours.

Additional disclosure: The Barchart Chart of the Day highlights stocks that are experiencing exceptional current price appreciation. They are not intended to be buy recommendations as these stocks are extremely volatile and speculative. Should you decide to add one of these stocks to your investment portfolio it is highly suggested you follow a predetermined diversification and moving stop loss discipline that is consistent with your personal investment risk tolerance and reevaluate your stop losses at least on a weekly basis.

Provided Content: Content provided by Barchart. The Globe and Mail was not involved, and material was not reviewed prior to publication.

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