North European Oil Royalty Trust (NRT)
North European Oil Royalty Trust operates in the Oil & Gas Exploration & Production industry of the Energy sector, headquartered in Keene, NH, US. The stock last traded at $8.60, down 0.17% on the session, giving a market capitalisation of $79.0M. On trailing twelve-month figures it carries a trailing P/E of 8.43, a net margin of 90.9%. Its beta of -0.06 implies it has historically moved less than the broad market.
The North European Oil Royalty Trust (NEORT) functions as a grantor trust, possessing overriding royalty interests tied to petroleum and natural gas extraction from various licensed areas and concessions within Germany. These rights stem from agreements with the German exploration and development divisions of major energy firms, specifically ExxonMobil Corporation and the Royal Dutch/Shell Group. The trust earns royalties from the sale of a range of hydrocarbon products, including natural gas from gas wells, associated gas from oil wells, crude petroleum, condensate, and sulfur. Its administrative headquarters are situated in Keene, New Hampshire.
North European Oil Royalty Trust is most often compared with the following Energy names: