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North European Oil Royalty Trust (NRT)



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Upturn Advisory Summary
08/28/2025: NRT (1-star) has a low Upturn Star Rating. Not recommended to BUY.
Analysis of Past Performance
Type Stock | Historic Profit -16.45% | Avg. Invested days 28 | Today’s Advisory Consider higher Upturn Star rating |
Upturn Star Rating ![]() ![]() | Upturn Advisory Performance ![]() | Stock Returns Performance ![]() |
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Key Highlights
Company Size Small-Cap Stock | Market Capitalization 46.14M USD | Price to earnings Ratio 8.51 | 1Y Target Price - |
Price to earnings Ratio 8.51 | 1Y Target Price - | ||
Volume (30-day avg) - | Beta 0.06 | 52 Weeks Range 3.69 - 6.30 | Updated Date 06/29/2025 |
52 Weeks Range 3.69 - 6.30 | Updated Date 06/29/2025 | ||
Dividends yield (FY) 9.36% | Basic EPS (TTM) 0.59 |
Earnings Date
Report Date - | When - | Estimate - | Actual - |
Profitability
Profit Margin 87.18% | Operating Margin (TTM) 90.78% |
Management Effectiveness
Return on Assets (TTM) 109.24% | Return on Equity (TTM) 43.26% |
Valuation
Trailing PE 8.51 | Forward PE - | Enterprise Value 42516380 | Price to Sales(TTM) 7.46 |
Enterprise Value 42516380 | Price to Sales(TTM) 7.46 | ||
Enterprise Value to Revenue 6.96 | Enterprise Value to EBITDA 7.99 | Shares Outstanding 9190590 | Shares Floating 8872320 |
Shares Outstanding 9190590 | Shares Floating 8872320 | ||
Percent Insiders 3.46 | Percent Institutions 5.9 |
Upturn AI SWOT
North European Oil Royalty Trust
Company Overview
History and Background
North European Oil Royalty Trust (NRT) was established in 1975 to acquire and hold overriding royalty rights in certain gas and oil permits covering areas in Germany. The Trust generates income from royalty payments based on production from these permit areas.
Core Business Areas
- Royalty Income: The Trust's primary business is generating royalty income from natural gas and oil production on its permit areas in Germany. This income is distributed to the unit holders after deducting expenses.
Leadership and Structure
The Trust is managed by The Chase Manhattan Bank, N.A. (now JPMorgan Chase Bank, N.A.) as trustee. There is no traditional management team as with a corporation. Decisions related to the Trust are generally made by the trustee, within the confines of the Trust Agreement.
Top Products and Market Share
Key Offerings
- Natural Gas Royalty: The royalty interests are based on natural gas production primarily in the Oldenburg concession in northwestern Germany. Market share data is not directly applicable as NRT is a passive royalty trust dependent on production from specific permit areas. Competitors are other royalty trusts and energy companies.
- Oil Royalty: The trust also owns royalty rights on oil production. These are smaller in comparison to the gas royalties. Market share data is not directly applicable as NRT is a passive royalty trust dependent on production from specific permit areas. Competitors are other royalty trusts and energy companies.
Market Dynamics
Industry Overview
The royalty trust sector is influenced by commodity prices (oil and gas), production volumes, and regulatory environments. The German energy market is mature, with established infrastructure and demand.
Positioning
NRT is a niche player, deriving income from a specific set of royalty interests in Germany. Its competitive advantage lies in its existing royalty rights, but it is highly dependent on the production performance of the underlying permit areas.
Total Addressable Market (TAM)
The TAM is difficult to quantify precisely for NRT, as it depends on the overall natural gas and oil production value in the specific areas covered by its royalty interests within Germany. NRT's position is limited to its contractual royalty rights within that specific market segment.
Upturn SWOT Analysis
Strengths
- Established royalty rights
- Passive income stream (for unit holders)
- Low operating expenses (minimal active management)
Weaknesses
- Dependence on production from specific permit areas
- Exposure to commodity price fluctuations
- Limited control over production activities
- Geographic concentration (Germany only)
Opportunities
- Increased production from existing permit areas
- Potential for new discoveries in the region
- Favorable regulatory changes
- Development of renewable energy projects
Threats
- Declining production from existing permit areas
- Decreasing commodity prices
- Increased operating costs for producers
- Changes in German energy regulations
- Environmental regulations impacting fossil fuel production
Competitors and Market Share
Key Competitors
- VOC Energy Trust (VOC)
- BP Prudhoe Bay Royalty Trust (BPT)
- Hugoton Royalty Trust (HGT)
Competitive Landscape
NRT's competitive landscape is limited to other royalty trusts, but its specific geographic focus in Germany distinguishes it. It's vulnerable to production declines and price fluctuations in those specific regions.
Growth Trajectory and Initiatives
Historical Growth: Historical growth has been uneven, reflecting the cyclical nature of the oil and gas industry.
Future Projections: Future projections are highly uncertain, dependent on factors such as production rates, commodity prices, and regulatory changes. Analyst estimates are not readily available due to the specific nature of the Trust.
Recent Initiatives: There are no recent strategic initiatives undertaken by the Trust itself, as it is a passive royalty trust. However, production companies operating on the permit areas may undertake initiatives to increase production.
Summary
North European Oil Royalty Trust is a highly specialized entity whose performance hinges primarily on natural gas and oil production in its German permit areas. Its strengths lie in established royalty rights, but it is vulnerable to production declines, commodity price volatility, and regulatory risks. Growth prospects are limited without new discoveries or increased production. Its attractiveness as an investment depends on individual risk tolerance and expectations for European energy markets.
Peer Comparison
Sources and Disclaimers
Data Sources:
- North European Oil Royalty Trust Annual Reports
- Company Filings (SEC)
- Publicly Available Industry Data
Disclaimers:
This analysis is for informational purposes only and should not be considered investment advice. The information provided is based on publicly available data and is subject to change. Past performance is not indicative of future results. Consult with a qualified financial advisor before making any investment decisions.
AI Summarization is directionally correct and might not be accurate.
Summarized information shown could be a few years old and not current.
Fundamental Rating based on AI could be based on old data.
AI-generated summaries may have inaccuracies (hallucinations). Please verify the information before taking action.
About North European Oil Royalty Trust
Exchange NYSE | Headquaters Keene, NH, United States | ||
IPO Launch date 1987-12-30 | CEO, MD, CFO & Principal Accounting Officer Mr. John R. Van Kirk | ||
Sector Energy | Industry Oil & Gas E&P | Full time employees 2 | Website https://www.neort.com |
Full time employees 2 | Website https://www.neort.com |
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 also has rights under contracts with German exploration and development subsidiaries of ExxonMobil Corp. and the Royal Dutch/Shell Group of Companies. In addition, it holds royalties for the sale of gas well gas, oil well gas, crude oil, condensate, and sulfur. North European Oil Royalty Trust was founded in 1975 and is based in Keene, New Hampshire.

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