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

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

North European Oil Royalty Trust Price Performance

NYSE:NRT opened at $4.79 on Thursday. North European Oil Royalty Trust has a one year low of $3.88 and a one year high of $8.62. The company has a fifty day moving average price of $4.38 and a 200 day moving average price of $4.94. The stock has a market cap of $44.02 million, a P/E ratio of 9.21 and a beta of 0.76.

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

Institutional Inflows and Outflows

A hedge fund recently raised its stake in North European Oil Royalty Trust stock. Peapack Gladstone Financial Corp lifted its holdings in shares of North European Oil Royalty Trust (NYSE:NRT) by 34.5% in the third quarter, according to its most recent filing with the SEC. The firm owned 19,500 shares of the energy company’s stock after acquiring an additional 5,000 shares during the period. Peapack Gladstone Financial Corp owned approximately 0.21% of North European Oil Royalty Trust worth $102,000 as of its most recent filing with the SEC. Hedge funds and other institutional investors own 6.97% of the company’s stock.

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.