Profile
Sector:
EnergyIndustry:
Oil & Gas Equipment & ServicesCountry:
United StatesIPO:
17 March 1980Website:
http://www.neort.comNext earnings report:
30 August 2024Last dividends:
16 May 2024Next dividends:
N/APrice
regular market | Thu, 20 Jun 2024 13:30:00 GMTAnalysts recommendations
Institutional Ownership
NRT Latest News
The North European Oil Royalty Trust offers a simple business model with low risk and potential for high returns. The Trust has grown distributions at over 20% a year in the last five years and has a free cash flow yield of 22.95%. The Trust's business model allows it to avoid the boom and bust cycle typical of the oil and gas sector, providing investors with stability and certainty.
When I last wrote about NRT or the North European Oil Royalty Trust, I still rated the company a conservative "HOLD" due to some valuation issues. I now believe we're in for a significant drop in the dividend, which makes me even more cautious. Here's my updated thesis for NRT. While I do believe the company has upside, I also believe we should be careful at this time, and see potential for a decline.
When I last wrote about NRT or the North European Oil Royalty Trust, I rated the company a "HOLD", citing valuation and risk/reward issues in the market context. This proved to be the right choice, as the company has significantly underperformed index (over 14%) since that article.
What type of business is North European Oil Royalty Trust?
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 has rights under contracts with German exploration and development subsidiaries of ExxonMobil Corp. and the Royal Dutch/Shell Group of Companies. It holds royalties for the sale of gas well gas, oil well gas, crude oil, condensate, and sulfur. North European Oil Royalty Trust is based in Keene, New Hampshire.
What sector is North European Oil Royalty Trust in?
North European Oil Royalty Trust is in the Energy sector
What industry is North European Oil Royalty Trust in?
North European Oil Royalty Trust is in the Oil & Gas Equipment & Services industry
What country is North European Oil Royalty Trust from?
North European Oil Royalty Trust is headquartered in United States
When did North European Oil Royalty Trust go public?
North European Oil Royalty Trust initial public offering (IPO) was on 17 March 1980
What is North European Oil Royalty Trust website?
https://www.neort.com
Is North European Oil Royalty Trust in the S&P 500?
No, North European Oil Royalty Trust is not included in the S&P 500 index
Is North European Oil Royalty Trust in the NASDAQ 100?
No, North European Oil Royalty Trust is not included in the NASDAQ 100 index
Is North European Oil Royalty Trust in the Dow Jones?
No, North European Oil Royalty Trust is not included in the Dow Jones index
When does North European Oil Royalty Trust report earnings?
The next expected earnings date for North European Oil Royalty Trust is 30 August 2024