StockNews.com Downgrades North European Oil Royalty Trust (NYSE:NRT) to Hold

North European Oil Royalty Trust (NYSE:NRT) was downgraded by analysts at StockNews.com from a “buy” rating to a “hold” rating in a research report issued on Thursday.

North European Oil Royalty Trust Trading Down 0.6 %

Shares of North European Oil Royalty Trust stock opened at $4.79 on Thursday. North European Oil Royalty Trust has a 1-year low of $3.88 and a 1-year high of $8.62. The firm’s 50-day moving average price is $4.38 and its two-hundred day moving average price is $4.94. The stock has a market capitalization of $44.02 million, a price-to-earnings ratio of 9.21 and a beta of 0.76.

North European Oil Royalty Trust (NYSE:NRT) last released its quarterly earnings results on Tuesday, December 31st. The energy company reported $0.06 earnings per share for the quarter. North European Oil Royalty Trust had a return on equity of 537.09% and a net margin of 87.43%.

Hedge Funds Weigh In On North European Oil Royalty Trust

A hedge fund recently raised its stake in North European Oil Royalty Trust stock. Peapack Gladstone Financial Corp increased its stake in North European Oil Royalty Trust (NYSE:NRT) by 34.5% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 19,500 shares of the energy company’s stock after purchasing an additional 5,000 shares during the period. Peapack Gladstone Financial Corp owned 0.21% of North European Oil Royalty Trust worth $102,000 as of its most recent SEC filing. 6.97% of the stock is currently owned by institutional investors.

About North European Oil Royalty Trust

North European Oil Royalty Trust, a grantor trust, holds overriding royalty rights covering gas and oil production in various concessions or leases in the Federal Republic of Germany. The company also has rights under contracts with German exploration and development subsidiaries of ExxonMobil Corp. and the Royal Dutch/Shell Group of Companies.