July 9, 2020

Stock News Alert: North European Oil Royalty Trust (NYSE:NRT)

North European Oil Royalty Trust (NYSE:NRT) moved -1.61% to recent value of $5.5. The stock transacted 22404 shares during most recent day however it has an average volume of 37.98K shares. It spotted trading -29.03% off 52-week high price. On the other end, the stock has been noted 4.76% away from the low price over the last 52-weeks.

On Jan. 31, 2020, The Trustees of North European Oil Royalty Trust (NYSE:NRT) notified a quarterly distribution of $0.08 per unit for the first quarter of fiscal 2020, payable on February 26, 2020 to holders of record on February 14, 2020.  Natural gas sold during the fourth calendar quarter of 2019 is the primary source of royalty income on which the February 2020 distribution is based.

John R. Van Kirk, Managing Director, reported that this year’s quarterly distribution of $0.08 per unit is 63.64%, or $0.14 per unit, lower than the distribution of $0.22 per unit for the first quarter of fiscal 2019.  Under both the Mobil and OEG Royalty Agreements, gas sales, gas prices and average exchange rates were down in comparison to the first quarter of fiscal 2019, with the decline in gas prices having the greatest impact.  Specific details will be available in the earnings press release scheduled for publication on or about February 14, 2020.

 NRT has a gross margin of 90.60% and an operating margin of 90.10% while its profit margin remained 90.80% for the last 12 months. Its earnings per share (EPS) expected to touch remained 18.30% for this year.

 The company has 9.19M of outstanding shares and 9.15M shares were floated in the market. According to the most recent quarter its current ratio was 1.1 that represents company’s ability to meet its current financial obligations. The price moved ahead of -3.51% from the mean of 20 days, -2.99% from mean of 50 days SMA and performed -14.77% from mean of 200 days price. Company’s performance for the week was -4.01%, -6.94% for month and YTD performance remained -6.94%.

Leave a Reply

Your email address will not be published. Required fields are marked *