North European Oil Royalty Trust (NYSE:NRT) Posts Earnings Results

North European Oil Royalty Trust (NYSE:NRT) posted its quarterly earnings results on Tuesday. The energy company reported $0.06 earnings per share (EPS) for the quarter, Zacks reports.

North European Oil Royalty Trust Price Performance

Shares of NRT opened at $4.04 on Thursday. The company has a 50-day moving average of $4.22 and a two-hundred day moving average of $5.21. North European Oil Royalty Trust has a one year low of $3.88 and a one year high of $8.62. The stock has a market cap of $37.13 million, a price-to-earnings ratio of 8.78 and a beta of 0.76.

North European Oil Royalty Trust Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, November 27th. Stockholders of record on Friday, November 15th were issued a $0.02 dividend. The ex-dividend date was Friday, November 15th. This represents a $0.08 annualized dividend and a dividend yield of 1.98%. North European Oil Royalty Trust’s dividend payout ratio (DPR) is 17.39%.

Analysts Set New Price Targets

Separately, StockNews.com upgraded North European Oil Royalty Trust from a “hold” rating to a “buy” rating in a report on Wednesday.

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.