North European Oil Royalty Trust (NYSE:NRT) Announces Earnings Results

North European Oil Royalty Trust (NYSE:NRT) announced its earnings results on Tuesday. The energy company reported $0.06 EPS for the quarter, Zacks reports.

North European Oil Royalty Trust Stock Performance

Shares of NRT opened at $4.04 on Thursday. The firm has a market capitalization of $37.13 million, a price-to-earnings ratio of 8.78 and a beta of 0.76. North European Oil Royalty Trust has a 52 week low of $3.88 and a 52 week high of $8.62. The business’s fifty day moving average price is $4.22 and its two-hundred day moving average price is $5.21.

North European Oil Royalty Trust Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, November 27th. Shareholders of record on Friday, November 15th were issued a dividend of $0.02 per share. This represents a $0.08 annualized dividend and a yield of 1.98%. The ex-dividend date was Friday, November 15th. North European Oil Royalty Trust’s dividend payout ratio is 17.39%.

Wall Street Analyst Weigh In

Separately, StockNews.com raised shares of North European Oil Royalty Trust from a “hold” rating to a “buy” rating in a report on Wednesday.

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.