North European Oil Royality Trust (NYSE:NRT) Sees Large Decline in Short Interest

North European Oil Royality Trust (NYSE:NRT) saw a significant drop in short interest during the month of January. As of January 15th, there was short interest totaling 43,267 shares, a drop of 50.7% from the December 31st total of 87,818 shares. Based on an average daily trading volume, of 147,763 shares, the short-interest ratio is presently 0.3 days. Approximately 0.5% of the shares of the company are sold short. Approximately 0.5% of the shares of the company are sold short. Based on an average daily trading volume, of 147,763 shares, the short-interest ratio is presently 0.3 days.

North European Oil Royality Trust Stock Performance

NRT stock traded down $0.29 during trading on Friday, hitting $8.70. 174,415 shares of the company’s stock traded hands, compared to its average volume of 126,880. The stock has a market capitalization of $79.95 million, a price-to-earnings ratio of 10.61 and a beta of 0.09. North European Oil Royality Trust has a 52 week low of $4.00 and a 52 week high of $9.48. The business has a fifty day simple moving average of $7.19 and a 200 day simple moving average of $6.07.

North European Oil Royality Trust (NYSE:NRT) last issued its quarterly earnings data on Wednesday, December 31st. The energy company reported $0.32 earnings per share (EPS) for the quarter. The business had revenue of $3.06 million for the quarter. North European Oil Royality Trust had a return on equity of 458.25% and a net margin of 91.78%.

Analyst Ratings Changes

NRT has been the topic of a number of recent analyst reports. Wall Street Zen raised shares of North European Oil Royality Trust from a “hold” rating to a “strong-buy” rating in a report on Saturday, January 3rd. Weiss Ratings restated a “hold (c)” rating on shares of North European Oil Royality Trust in a report on Friday, January 9th. One equities research analyst has rated the stock with a Hold rating, According to MarketBeat, the stock currently has an average rating of “Hold”.

Hedge Funds Weigh In On North European Oil Royality Trust

A number of large investors have recently bought and sold shares of the business. Peapack Gladstone Financial Corp raised its holdings in shares of North European Oil Royality Trust by 57.0% in the second quarter. Peapack Gladstone Financial Corp now owns 44,600 shares of the energy company’s stock valued at $223,000 after acquiring an additional 16,200 shares in the last quarter. Bank of America Corp DE increased its position in North European Oil Royality Trust by 210.5% during the 2nd quarter. Bank of America Corp DE now owns 29,500 shares of the energy company’s stock valued at $148,000 after buying an additional 20,000 shares in the last quarter. Susquehanna International Group LLP acquired a new position in North European Oil Royality Trust during the 3rd quarter valued at approximately $134,000. Finally, Jane Street Group LLC acquired a new position in shares of North European Oil Royality Trust in the 1st quarter valued at $60,000. Hedge funds and other institutional investors own 6.97% of the company’s stock.

North European Oil Royality Trust Company Profile

North European Oil Royalty Trust (NYSE: NRT) is a statutory trust that holds an overriding royalty interest in a diversified portfolio of oil and natural gas properties located in the United Kingdom sector of the North Sea. The trust’s sole business is to receive royalty revenues from production activities on its underlying fields and distribute those revenues directly to unitholders. It does not engage in exploration, drilling or field operations.

Under the terms of its governing agreement, the trust is entitled to a fixed percentage of net production revenues, after the deduction of operating and administrative expenses, from a series of established oil and gas fields in the North Sea region.