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

North European Oil Royalty Trust (NYSE:NRT) was downgraded by equities researchers at StockNews.com from a “buy” rating to a “hold” rating in a research note issued to investors on Tuesday.

North European Oil Royalty Trust Price Performance

NYSE:NRT opened at $4.45 on Tuesday. The company’s 50 day moving average price is $4.65 and its 200-day moving average price is $4.74. 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 $40.90 million, a price-to-earnings ratio of 8.56 and a beta of 0.76.

North European Oil Royalty Trust (NYSE:NRT) last posted its quarterly earnings results 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.

Institutional Investors 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 increased its stake in North European Oil Royalty Trust (NYSE:NRT) by 34.5% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 19,500 shares of the energy company’s stock after purchasing an additional 5,000 shares during the quarter. Peapack Gladstone Financial Corp owned 0.21% of North European Oil Royalty Trust worth $102,000 at the end of the most recent quarter. Institutional investors and hedge funds own 6.97% of the company’s stock.

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.