North European Oil Royalty Trust (NRT)
NYSE:NRT
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North European Oil Royalty
(NYSE:NRT)
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Rating:85Outperform
Price Target:
$11.50
▲(27.92% Upside)
Action:ReiteratedDate:03/20/26
The score is driven primarily by strong financial performance (elite margins, strong free cash flow, and zero debt) and supported by attractive valuation (low P/E and high dividend yield). Technicals are positive with price above key moving averages, though momentum readings are mostly neutral, keeping the score from being higher.
Positive Factors
Balance-sheet strength
Zero debt materially reduces solvency and refinancing risk for a passive royalty trust. With no interest burden the trust can prioritize distributions and absorb commodity-driven cash swings, preserving capital flexibility and long-term ability to fund operations and payouts.
Negative Factors
Revenue & cash volatility
Material year-to-year swings in revenue and cash flow reduce predictability of distributions. For income-oriented unitholders, this structural volatility—driven by production and price moves—means payouts and reported results can change sharply over multi-month periods.
Read all positive and negative factors
Positive Factors
Negative Factors
Balance-sheet strength
Zero debt materially reduces solvency and refinancing risk for a passive royalty trust. With no interest burden the trust can prioritize distributions and absorb commodity-driven cash swings, preserving capital flexibility and long-term ability to fund operations and payouts.
Read all positive factors
North European Oil Royalty (NRT) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$85.38M
Dividend Yield12.5%
Average Volume (3M)34.68K
Price to Earnings (P/E)10.3
Beta (1Y)0.23
Revenue Growth22.51%
EPS Growth26.50%
CountryUS
Employees2
SectorEnergy
Sector Strength52
IndustryOil & Gas Exploration & Production
Share Statistics
EPS (TTM)0.21
Shares Outstanding9,190,590
10 Day Avg. Volume33,189
30 Day Avg. Volume34,681
Financial Highlights & Ratios
PEG Ratio0.13
Price to Book (P/B)30.05
Price to Sales (P/S)6.73
P/FCF Ratio6.66
Enterprise Value/Market Cap0.88
Enterprise Value/Revenue7.27
Enterprise Value/Gross Profit7.47
Enterprise Value/Ebitda7.91
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
North European Oil Royalty Business Overview & Revenue Model
Company Description
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 ...
How the Company Makes Money
NRT makes money by receiving royalty payments tied to the production and sale of hydrocarbons (and related products such as sulfur) from the German properties underlying its royalty interests. These royalties are calculated under the applicable ro...
North European Oil Royalty Financial Statement Overview
Summary
Income Statement
84
Very Positive
Balance Sheet
88
Very Positive
Cash Flow
86
Very Positive
| Breakdown | TTM | Oct 2025 | Oct 2024 | Oct 2023 | Oct 2022 | Oct 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 10.38M | 8.65M | 5.79M | 22.02M | 17.80M | 4.60M |
| Gross Profit | 10.09M | 8.65M | 5.79M | 22.02M | 17.80M | 4.60M |
| EBITDA | 9.54M | 7.87M | 5.00M | 21.06M | 17.11M | 4.01M |
| Net Income | 9.60M | 7.94M | 5.06M | 21.17M | 17.09M | 3.98M |
Balance Sheet | ||||||
| Total Assets | 3.88M | 4.79M | 1.63M | 795.20K | 7.19M | 1.41M |
| Cash, Cash Equivalents and Short-Term Investments | 3.88M | 4.79M | 1.63M | 795.20K | 7.19M | 1.41M |
| Total Debt | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Total Liabilities | 0.00 | 2.85M | 183.81K | 0.00 | 6.80M | 1.29M |
| Stockholders Equity | 0.00 | 1.94M | 1.44M | 795.20K | 392.42K | 122.75K |
Cash Flow | ||||||
| Free Cash Flow | 8.22M | 8.73M | 5.86M | 22.14M | 17.80M | 4.60M |
| Operating Cash Flow | 8.22M | 8.73M | 5.86M | 22.14M | 17.80M | 4.60M |
| Investing Cash Flow | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Financing Cash Flow | -5.16M | -5.57M | -5.03M | -28.54M | -12.02M | -3.84M |
North European Oil Royalty Technical Analysis
Positive
8.99
Price Trends
8.84
Positive
7.76
Positive
6.31
Positive
Market Momentum
0.14
Positive
53.50
Neutral
76.06
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For NRT, the sentiment is Positive. The current price of 8.99 is below the 20-day moving average (MA) of 9.13, above the 50-day MA of 8.84, and above the 200-day MA of 6.31, indicating a bullish trend. The MACD of 0.14 indicates Positive momentum. The RSI at 53.50 is Neutral, neither overbought nor oversold. The STOCH value of 76.06 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for NRT.
North European Oil Royalty Peers Comparison
UnderperformOutperform
Sector (65)
NRT
North European Oil Royalty
8.63
5.03
139.99%
CRT
Cross Timbers Royalty
10.75
0.92
9.35%
PVL
Permianville Royalty
1.87
0.55
42.10%
MTR
Mesa Royalty
4.66
-0.49
-9.58%
VOC
VOC Energy
3.27
0.82
33.69%
PRT
Permrock Royalty
3.25
-0.21
-6.07%
North European Oil Royalty Corporate Events
Executive/Board ChangesShareholder Meetings
North European Oil Royalty Unitholders Back Trustees, Pay Plan
Positive
Feb 18, 2026
North European Oil Royalty Trust held its Annual Meeting of Unit Owners on February 17, 2026, with 1,996,448 units represented in person or by proxy. Unit owners voted on trustee elections and an advisory resolution on executive compensation, demo...
Executive/Board Changes
North European Oil Royalty Announces Leadership Transition Plan
Neutral
Jan 16, 2026
On January 13, 2026, North European Oil Royalty Trust’s long-serving Managing Director, John R. Van Kirk, notified the Trust that he will retire effective January 30, 2026, ending more than 35 years of service, a move publicly announced by t...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.