North European Oil Royalty Trust (NYSE:NRT – Get Free Report) was the target of a significant drop in short interest in February. As of February 28th, there was short interest totalling 58,300 shares, a drop of 29.8% from the February 13th total of 83,100 shares. Approximately 0.7% of the company’s shares are short sold. Based on an average trading volume of 50,600 shares, the short-interest ratio is presently 1.2 days.
North European Oil Royalty Trust Stock Performance
NRT remained flat at $4.62 on Tuesday. 7,838 shares of the company were exchanged, compared to its average volume of 53,401. The business has a 50-day moving average price of $4.67 and a 200 day moving average price of $4.66. North European Oil Royalty Trust has a 52-week low of $3.88 and a 52-week high of $8.62. The stock has a market cap of $42.46 million, a P/E ratio of 8.88 and a beta of 0.60.
North European Oil Royalty Trust (NYSE:NRT – Get Free Report) last announced its quarterly earnings data on Friday, February 28th. The energy company reported $0.04 EPS for the quarter. North European Oil Royalty Trust had a net margin of 87.43% and a return on equity of 537.09%. The firm had revenue of $0.51 million for the quarter.
North European Oil Royalty Trust Increases Dividend
Institutional Trading of North European Oil Royalty Trust
An institutional investor recently bought a new position in North European Oil Royalty Trust stock. Swan Global Investments LLC bought a new stake in North European Oil Royalty Trust (NYSE:NRT – Free Report) in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 31,850 shares of the energy company’s stock, valued at approximately $167,000. 6.97% of the stock is owned by institutional investors.
Wall Street Analysts Forecast Growth
Separately, StockNews.com downgraded shares of North European Oil Royalty Trust from a “buy” rating to a “hold” rating in a research report on Tuesday, March 4th.
Get Our Latest Report on North European Oil Royalty Trust
North European Oil Royalty Trust Company Profile
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.
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