North European Oil Royalty (NYSE:NRT) has been upgraded to Buy in a statement by Sandler O'Neill earlier today.
- Updated: September 23, 2016
Having a price of $7.20, North European Oil Royalty (NYSE:NRT) traded -3.16% lower on the day. With the last close down -16.26% from the two hundred day average, compared with the S&P 500 Index which has decreased -0.01% over the same period. North European Oil Royalty has recorded a 50-day average of $8.08 and a two hundred day average of $8.60. Volume of trade was down over the average, with 15,568 shares of NRT changing hands under the typical 17,288
Sandler O'Neill has upgraded North European Oil Royalty (NYSE:NRT) to Buy in a statement released on 09/23/2016.
With a total market value of $0, North European Oil Royalty has price-earnings ratio of 9.24 with a one year low of $5.60 and a one year high of $11.79 .
More About North European Oil Royalty (NYSE:NRT)
North European Oil Royalty Trust (the Trust) is a grantor trust, which on behalf of the owners of beneficial interest in the Trust, holds overriding royalty rights covering gas and oil production in certain concessions or leases in the Federal Republic of Germany. The Trust's rights are held under contracts with local German exploration and development subsidiaries of ExxonMobil Corp. (ExxonMobil) and the Royal Dutch/Shell Group of Companies (Royal Dutch/Shell Group). Under these contracts, the Trust receives various percentage royalties on the proceeds of the sales of certain products from the areas involved. The royalties are received for sales of gas well gas, oil well gas, crude oil, distillate and sulfur. Neither the Trust nor the Trustees on behalf of the Trust conduct any active business activities or operations. The function of the Trustees is to monitor, verify, collect, hold, invest and distribute the royalty payments made to the Trust.
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