North European Oil Royalty Trust (NYSE:NRT) Coverage Initiated at StockNews.com

Equities research analysts at StockNews.com initiated coverage on shares of North European Oil Royalty Trust (NYSE:NRT) in a report issued on Tuesday. The firm set a “hold” rating on the energy company’s stock.

North European Oil Royalty Trust Trading Down 2.0 %

Shares of NYSE:NRT opened at $4.32 on Tuesday. North European Oil Royalty Trust has a 12 month low of $3.88 and a 12 month high of $8.62. The firm’s 50-day moving average is $4.50 and its 200 day moving average is $4.52. The company has a market capitalization of $39.71 million, a price-to-earnings ratio of 8.31 and a beta of 0.31.

North European Oil Royalty Trust (NYSE:NRT) last announced its quarterly earnings results on Friday, February 28th. The energy company reported $0.04 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%. The company had revenue of $0.51 million for the quarter.

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 lifted its holdings in North European Oil Royalty Trust (NYSE:NRT) by 38.5% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 27,000 shares of the energy company’s stock after buying an additional 7,500 shares during the quarter. Peapack Gladstone Financial Corp owned 0.29% of North European Oil Royalty Trust worth $109,000 as of its most recent SEC filing. 6.97% of the stock is currently owned by hedge funds and other 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.