North European Oil Royality Trust (NRT) Issues Earnings Results
North European Oil Royality Trust (NYSE:NRT) issued its earnings results on Friday. The energy company reported $0.20 EPS for the quarter, Bloomberg Earnings reports. North European Oil Royality Trust had a return on equity of 5,642.00% and a net margin of 87.60%. The business had revenue of $1.97 million during the quarter.
Shares of North European Oil Royality Trust (NYSE:NRT) traded down 0.17% during mid-day trading on Friday, reaching $6.50. The company had a trading volume of 4,741 shares. The firm has a 50-day moving average of $6.43 and a 200-day moving average of $7.04. The company has a market capitalization of $59.74 million, a P/E ratio of 10.59 and a beta of 0.01. North European Oil Royality Trust has a 12-month low of $5.94 and a 12-month high of $8.82.
The company also recently announced a quarterly dividend, which will be paid on Wednesday, August 30th. Investors of record on Friday, August 18th will be given a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a yield of 12.31%. This is a positive change from North European Oil Royality Trust’s previous quarterly dividend of $0.19. The ex-dividend date of this dividend is Wednesday, August 16th. North European Oil Royality Trust’s payout ratio is presently 126.67%.
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North European Oil Royality Trust Company Profile
North European Oil Royalty Trust is a grantor trust. The Trust, on behalf of the owners, holds overriding royalty rights covering gas and oil production in certain concessions or leases in the Federal Republic of Germany. The rights are held under contracts with local German exploration and development subsidiaries of ExxonMobil Corp.
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