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

North European Oil Royalty Trust (NYSE:NRT) released its earnings results on Friday. The energy company reported $0.04 earnings per share (EPS) for the quarter, Zacks reports. North European Oil Royalty Trust had a return on equity of 537.09% and a net margin of 87.43%. The business had revenue of $0.51 million for the quarter.

North European Oil Royalty Trust Price Performance

Shares of NRT opened at $4.41 on Friday. The company has a market cap of $40.57 million, a PE ratio of 8.49 and a beta of 0.76. The firm has a 50-day moving average of $4.62 and a 200-day moving average of $4.78. North European Oil Royalty Trust has a one year low of $3.88 and a one year high of $8.62.

North European Oil Royalty Trust Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, February 26th. Shareholders of record on Friday, February 14th were given a dividend of $0.04 per share. This is a positive change from North European Oil Royalty Trust’s previous quarterly dividend of $0.02. This represents a $0.16 annualized dividend and a yield of 3.62%. The ex-dividend date of this dividend was Friday, February 14th. North European Oil Royalty Trust’s dividend payout ratio is 30.77%.

Wall Street Analysts Forecast Growth

Separately, StockNews.com lowered North European Oil Royalty Trust from a “buy” rating to a “hold” rating in a research report on Saturday, February 22nd.

North European Oil Royalty Trust Company Profile

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.