North European Oil Royality Trust (NYSE:NRT) Upgraded to Strong-Buy at Wall Street Zen

Key Points

• Wall Street Zen upgraded North European Oil Royalty Trust from "Buy" to Strong-Buy, while Weiss Ratings reiterated a "Hold (c)" and MarketBeat's consensus remains "Hold," signaling mixed analyst views.
• NRT has a market cap of $76.55 million and a P/E of 8.41, with a 1‑year range of $4.36–$10.49; last quarter it reported $0.21 EPS on $2.21 million revenue and a reported net margin of 92.51%.
• Insider Richard Page Howard sold 25,000 shares at about $8.62 (~$215,500), lowering his stake to 250,000 shares; insiders own 3.50% of the stock and institutional/hedge funds hold roughly 6.97%.

North European Oil Royality Trust (NYSE:NRT - Get Free Report) was upgraded by equities researchers at Wall Street Zen from a "buy" rating to a "strong-buy" rating in a research report issued on Saturday.

Separately, Weiss Ratings reiterated a "hold (c)" rating on shares of North European Oil Royality Trust in a report on Wednesday, April 8th. One investment analyst has rated the stock with a Hold rating, According to data from MarketBeat, North European Oil Royality Trust has a consensus rating of "Hold".

North European Oil Royality Trust Price Performance

NRT stock opened at $8.33 on Friday. The business has a 50-day moving average price of $8.78 and a 200 day moving average price of $7.62. The company has a market capitalization of $76.55 million, a P/E ratio of 8.41 and a beta of -0.04. North European Oil Royality Trust has a 1-year low of $4.36 and a 1-year high of $10.49.

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

Insider Activity

In other news, insider Richard Page Howard sold 25,000 shares of the company's stock in a transaction dated Tuesday, March 17th. The shares were sold at an average price of $8.62, for a total transaction of $215,500.00. Following the transaction, the insider owned 250,000 shares in the company, valued at $2,155,000. This represents a 9.09% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. 3.50% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On North European Oil Royality Trust

Several hedge funds have recently modified their holdings of NRT. Jane Street Group LLC acquired a new position in shares of North European Oil Royality Trust during the first quarter valued at about $60,000. Peapack Gladstone Financial Corp boosted its position in 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 buying an additional 16,200 shares during the last quarter. Bank of America Corp DE boosted its position in North European Oil Royality Trust by 210.5% in the second 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 during the last quarter. Susquehanna International Group LLP purchased a new stake in North European Oil Royality Trust in the third quarter valued at approximately $134,000. Finally, LPL Financial LLC boosted its position in North European Oil Royality Trust by 11.2% in the fourth quarter. LPL Financial LLC now owns 30,503 shares of the energy company's stock valued at $201,000 after buying an additional 3,060 shares during the last quarter. Institutional investors and hedge funds own 6.97% of the company's stock.

About North European Oil Royality Trust

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.

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