Positive Media Coverage Somewhat Unlikely to Affect North European Oil Royalty Trust (NRT) Share Price
Media headlines about North European Oil Royalty Trust (NYSE:NRT) have been trending positive this week, according to Accern Sentiment Analysis. The research firm identifies positive and negative media coverage by reviewing more than 20 million blog and news sources in real time. Accern ranks coverage of companies on a scale of -1 to 1, with scores nearest to one being the most favorable. North European Oil Royalty Trust earned a daily sentiment score of 0.30 on Accern’s scale. Accern also gave news headlines about the energy company an impact score of 45.0619595407907 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the next several days.
Separately, TheStreet cut North European Oil Royalty Trust from a “b-” rating to a “c” rating in a research note on Thursday, March 29th.
North European Oil Royalty Trust traded down $0.02, reaching $8.13, during trading hours on Friday, MarketBeat reports. 7,408 shares of the company traded hands, compared to its average volume of 15,675. The stock has a market capitalization of $74.90 million, a price-to-earnings ratio of 10.45 and a beta of 0.09. North European Oil Royalty Trust has a 1 year low of $5.94 and a 1 year high of $9.40.
The firm also recently declared a quarterly dividend, which was paid on Wednesday, May 30th. Stockholders of record on Friday, May 18th were paid a $0.19 dividend. The ex-dividend date was Thursday, May 17th. This represents a $0.76 annualized dividend and a dividend yield of 9.35%. This is a boost from North European Oil Royalty Trust’s previous quarterly dividend of $0.17.
About North European Oil Royalty Trust
North European Oil Royalty Trust, a grantor trust, holds overriding royalty rights covering gas and oil production in concessions or leases in the Federal Republic of Germany. It holds rights under contracts with German exploration and development subsidiaries of ExxonMobil Corp. and the Royal Dutch/Shell Group of Companies.
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