North European Oil Royalty TrustNRT

$7.12-0.22 (-3.00%)
NYSEEnergy24:00 UTC

Company snapshot

Market Cap
$65M
Micro-cap
-10%
2016 — today
10-Year Price
-10%
2016 — today
52-Week Range
$4.76$9.76
Current $7.12· 47%

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.

Valuation in context

P/E ratio
7.0
Historically cheap
Historically cheap relative to the last 10 years
EV / EBITDA
6.6
Below average
Below the 10-year average
Dividend Yield
14.2%
Historically high
Historically high relative to the last 10 years
PEG ratio
0.3
Below average
Below the 10-year average
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