North European Oil Royality Trust (NYSE:NRT) released its quarterly earnings data on Tuesday. The energy company reported $0.19 earnings per share for the quarter, Bloomberg Earnings reports. North European Oil Royality Trust had a return on equity of 8,053.71% and a net margin of 90.25%. The business had revenue of $2.05 million for the quarter.
Shares of North European Oil Royality Trust traded up $8.81, hitting $8.81, during trading on Wednesday, Marketbeat Ratings reports. 27,500 shares of the company’s stock traded hands, compared to its average volume of 31,231. North European Oil Royality Trust has a 52 week low of $9.06 and a 52 week high of $9.06. The stock has a market capitalization of $84.19 million, a PE ratio of 11.90 and a beta of 0.10.
The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 30th. Stockholders of record on Friday, May 18th will be issued a dividend of $0.19 per share. This represents a $0.76 annualized dividend and a dividend yield of 8.63%. The ex-dividend date of this dividend is Thursday, May 17th. This is a boost from North European Oil Royality Trust’s previous quarterly dividend of $0.17.
Separately, TheStreet cut North European Oil Royality Trust from a “b-” rating to a “c” rating in a report on Thursday, March 29th.
North European Oil Royality Trust Company Profile
North European Oil Royalty Trust, a grantor trust, holds overriding royalty rights covering gas and oil production in concessions or leases in the Federal Republic of Germany. It holds rights under contracts with German exploration and development subsidiaries of ExxonMobil Corp. and the Royal Dutch/Shell Group of Companies.
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