North European Oil Royality Trust (NYSE:NRT) Cut to Hold at Wall Street Zen

North European Oil Royality Trust (NYSE:NRT) was downgraded by investment analysts at Wall Street Zen from a “strong-buy” rating to a “hold” rating in a research note issued on Saturday.

Separately, Weiss Ratings raised North European Oil Royality Trust from a “hold (c)” rating to a “hold (c+)” rating in a report on Thursday. One equities research analyst has rated the stock with a Hold rating, Based on data from MarketBeat, the stock has an average rating of “Hold”.

North European Oil Royality Trust Trading Down 0.1%

NRT stock opened at $7.70 on Friday. The firm has a market capitalization of $70.76 million, a PE ratio of 7.62 and a beta of -0.05. North European Oil Royality Trust has a 1-year low of $4.65 and a 1-year high of $10.49. The business’s 50 day simple moving average is $8.26 and its 200 day simple moving average is $8.07.

North European Oil Royality Trust (NYSE:NRT) last posted its earnings results on Friday, June 5th. The energy company reported $0.22 earnings per share for the quarter. The business had revenue of $2.38 million for the quarter. North European Oil Royality Trust had a return on equity of 498.36% and a net margin of 91.27%.

Insider Buying and Selling

In other North European Oil Royality Trust news, insider Richard Page Howard sold 25,000 shares of the company’s stock in a transaction on Tuesday, March 17th. The stock was sold at an average price of $8.62, for a total value of $215,500.00. Following the transaction, the insider directly owned 250,000 shares of the company’s stock, valued at $2,155,000. This represents a 9.09% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. 3.50% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On North European Oil Royality Trust

A number of institutional investors have recently modified their holdings of the business. Private Advisor Group LLC bought a new stake in shares of North European Oil Royality Trust in the first quarter valued at about $108,000. Verdad Advisers LP bought a new stake in shares of North European Oil Royality Trust in the fourth quarter valued at about $94,000. Advisory Services Network LLC bought a new stake in shares of North European Oil Royality Trust in the fourth quarter valued at about $235,000. Marshall Wace LLP bought a new stake in shares of North European Oil Royality Trust in the fourth quarter valued at about $96,000. Finally, LPL Financial LLC boosted its position in shares of North European Oil Royality Trust by 11.2% in the fourth quarter. LPL Financial LLC now owns 30,503 shares of the energy company’s stock valued at $201,000 after acquiring an additional 3,060 shares during the period. Institutional investors own 6.97% of the company’s stock.

North European Oil Royality Trust Company Profile

North European Oil Royalty Trust (NYSE: NRT) is a statutory trust that holds an overriding royalty interest in a diversified portfolio of oil and natural gas properties located in the United Kingdom sector of the North Sea. The trust’s sole business is to receive royalty revenues from production activities on its underlying fields and distribute those revenues directly to unitholders. It does not engage in exploration, drilling or field operations.

Under the terms of its governing agreement, the trust is entitled to a fixed percentage of net production revenues, after the deduction of operating and administrative expenses, from a series of established oil and gas fields in the North Sea region.