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North European Oil Royalty
(NYSE:NRT)
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Rating:73Outperform
Price Target:
$8.00
▼(-11.01% Downside)
Action:Reiterated
Date:07/08/26
The score is driven primarily by strong financial quality (debt-free, very high margins, solid cash conversion) and favorable valuation (low P/E and very high dividend yield). These strengths are tempered by weak technicals (below key moving averages with negative MACD) and the company’s pronounced revenue and cash-flow volatility.
Positive Factors
Business model / Royalty structure
As a passive royalty trust that collects and distributes royalties rather than operating wells, the company avoids capital-intensive operating risk and OPEX variability. That durable structure supports high margins and predictable administrative costs, aligning cash flows with commodity-driven royalties.
Negative Factors
Revenue and cash-flow volatility
Steep revenue and FCF swings materially reduce predictability of distributions and make forward earnings unreliable. For a payout-oriented trust, a ~70% TTM revenue decline underscores how quickly unit economics can deteriorate and how sensitive investor returns are to production and price cycles.
Read all positive and negative factors
Positive Factors
Negative Factors
Business model / Royalty structure
As a passive royalty trust that collects and distributes royalties rather than operating wells, the company avoids capital-intensive operating risk and OPEX variability. That durable structure supports high margins and predictable administrative costs, aligning cash flows with commodity-driven royalties.
Read all positive factors
North European Oil Royalty (NRT) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$66.08M
Dividend Yield12.5%
Average Volume (3M)34.68K
Price to Earnings (P/E)7.1
Beta (1Y)0.11
Revenue Growth67.43%
EPS Growth74.16%
CountryUS
Employees2
SectorEnergy
Sector Strength52
IndustryOil & Gas Exploration & Production
Share Statistics
EPS (TTM)1.02
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 Cap0.96
Enterprise Value/Revenue6.17
Enterprise Value/Gross Profit6.57
Enterprise Value/Ebitda6.77
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
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 agre...
How the Company Makes Money
NRT makes money by receiving royalty payments based on the sale of oil and natural gas produced from the properties covered by its royalty interests in Germany. These royalties are calculated from production and realized commodity sales revenues (...
North European Oil Royalty Financial Statement Overview
Summary
Income Statement
66
Positive
Balance Sheet
86
Very Positive
Cash Flow
71
Positive
| Breakdown | TTM | Oct 2025 | Oct 2024 | Oct 2023 | Oct 2022 | Oct 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 10.30M | 8.65M | 5.79M | 22.02M | 17.80M | 4.60M |
| Gross Profit | 9.67M | 8.65M | 5.79M | 22.02M | 17.80M | 4.60M |
| EBITDA | 9.39M | 7.94M | 5.06M | 21.17M | 17.09M | 3.98M |
| Net Income | 9.39M | 7.94M | 5.06M | 21.17M | 17.09M | 3.98M |
Balance Sheet | ||||||
| Total Assets | 3.91M | 4.79M | 1.63M | 795.20K | 7.19M | 1.41M |
| Cash, Cash Equivalents and Short-Term Investments | 3.91M | 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 | 2.02M | 2.85M | 183.81K | 0.00 | 6.80M | 1.29M |
| Stockholders Equity | 1.89M | 1.94M | 1.44M | 795.20K | 392.42K | 122.75K |
Cash Flow | ||||||
| Free Cash Flow | 7.22M | 8.73M | 5.86M | 22.14M | 17.80M | 4.60M |
| Operating Cash Flow | 7.22M | 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 | -10.06M | -5.57M | -5.03M | -28.54M | -12.02M | -3.84M |
North European Oil Royalty Technical Analysis
Neutral
8.99
Price Trends
7.73
Negative
8.12
Negative
7.20
Positive
Market Momentum
-0.19
Negative
46.00
Neutral
60.82
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For NRT, the sentiment is Neutral. The current price of 8.99 is above the 20-day moving average (MA) of 7.28, above the 50-day MA of 7.73, and above the 200-day MA of 7.20, indicating a neutral trend. The MACD of -0.19 indicates Negative momentum. The RSI at 46.00 is Neutral, neither overbought nor oversold. The STOCH value of 60.82 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for NRT.
North European Oil Royalty Peers Comparison
UnderperformOutperform
Sector (65)
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MTR
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VOC
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PRT
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2.12
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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.