North European Oil Royality Trust (NYSE:NRT) Stock Rating Lowered by Wall Street Zen

North European Oil Royality Trust (NYSE:NRT) was downgraded by Wall Street Zen from a “strong-buy” rating to a “buy” rating in a note issued to investors on Saturday.

Separately, Weiss Ratings restated a “hold (c)” rating on shares of North European Oil Royality Trust in a report on Friday, January 9th. One investment analyst has rated the stock with a Hold rating, According to MarketBeat.com, the company presently has a consensus rating of “Hold”.

North European Oil Royality Trust Price Performance

NRT opened at $9.51 on Friday. North European Oil Royality Trust has a fifty-two week low of $4.00 and a fifty-two week high of $10.49. The company’s 50 day moving average price is $8.79 and its two-hundred day moving average price is $6.97. The firm has a market capitalization of $87.40 million, a price-to-earnings ratio of 9.61 and a beta of 0.19.

North European Oil Royality Trust (NYSE:NRT) last released its quarterly earnings results on Monday, March 2nd. The energy company reported $0.21 earnings per share (EPS) for the quarter. The firm had revenue of $2.21 million during the quarter. North European Oil Royality Trust had a net margin of 92.51% and a return on equity of 516.79%.

Insider Buying and Selling

In related news, insider Richard Page Howard sold 25,000 shares of the firm’s stock in a transaction that occurred on Tuesday, March 17th. The stock was sold at an average price of $8.62, for a total transaction of $215,500.00. Following the completion of the sale, the insider owned 250,000 shares of the company’s stock, valued at $2,155,000. This trade represents a 9.09% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. 3.50% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On North European Oil Royality Trust

Institutional investors and hedge funds have recently modified their holdings of the business. Jane Street Group LLC acquired a new stake in shares of North European Oil Royality Trust during the 1st quarter worth approximately $60,000. Advisory Services Network LLC acquired a new position in shares of North European Oil Royality Trust during the 4th quarter valued at $235,000. Peapack Gladstone Financial Corp lifted its position in shares of North European Oil Royality Trust by 57.0% during the 2nd 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 during the period. LPL Financial LLC boosted its stake in North European Oil Royality Trust by 11.2% during the fourth quarter. LPL Financial LLC now owns 30,503 shares of the energy company’s stock worth $201,000 after acquiring an additional 3,060 shares in the last quarter. Finally, Bank of America Corp DE boosted its stake in North European Oil Royality Trust by 210.5% during the second quarter. Bank of America Corp DE now owns 29,500 shares of the energy company’s stock worth $148,000 after acquiring an additional 20,000 shares in the last quarter. 6.97% of the stock is currently owned by institutional investors.

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.