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North European Oil Royalty
(NYSE:NRT)
Select Model
Select Model
Rating:84Outperform
Price Target:
$10.50
â–²(21.95% Upside)
Action:Reiterated
Date:09/14/26
The score is driven primarily by strong financial quality (exceptional margins, strong cash conversion, and no leverage) and attractive valuation (low P/E with a high dividend yield). Technicals add support with a clear uptrend and positive momentum indicators, while the main offsetting risk is the business’s demonstrated volatility in revenue and cash flows.
Positive Factors
Exceptional royalty margins
The trust converts royalty receipts into exceptionally high profitability because it does not operate wells or carry operating production costs. These margins indicate a structurally asset-light model that can generate substantial distributable earnings when covered production and realized prices remain supportive.
Negative Factors
Commodity-linked revenue volatility
Revenue has swung sharply across years, showing that earnings depend heavily on commodity-linked royalty receipts rather than a stable contracted growth engine. Such variability reduces earnings visibility over the next several quarters and makes distributions more difficult to forecast reliably.
Read all positive and negative factors
Positive Factors
Negative Factors
Exceptional royalty margins
The trust converts royalty receipts into exceptionally high profitability because it does not operate wells or carry operating production costs. These margins indicate a structurally asset-light model that can generate substantial distributable earnings when covered production and realized prices remain supportive.
Read all positive factors
North European Oil Royalty (NRT) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$83.63M
Dividend Yield11.1%
Average Volume (3M)42.60K
Price to Earnings (P/E)8.9
Beta (1Y)-0.04
Revenue Growth63.47%
EPS Growth70.01%
CountryUS
Employees2
SectorEnergy
Sector Strength52
IndustryOil & Gas Exploration & Production
Share Statistics
EPS (TTM)1.02
Shares Outstanding9,190,590
10 Day Avg. Volume34,501
30 Day Avg. Volume42,605
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 Cap<0.01
Enterprise Value/Revenue<0.01
Enterprise Value/Gross Profit<0.01
Enterprise Value/Ebitda<0.01
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 tied to the sale of oil and natural gas produced from the specific German concessions in which it holds royalty interests. These royalties are calculated based on production and realized commodity sale...
North European Oil Royalty Financial Statement Overview
Summary
Income Statement
86
Very Positive
Balance Sheet
90
Very Positive
Cash Flow
75
Positive
| Breakdown | TTM | Oct 2025 | Oct 2024 | Oct 2023 | Oct 2022 | Oct 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 10.34M | 8.65M | 5.79M | 22.02M | 17.80M | 4.60M |
| Gross Profit | 9.53M | 8.65M | 5.79M | 22.02M | 17.80M | 4.60M |
| EBITDA | 9.40M | 7.94M | 5.06M | 21.17M | 17.09M | 3.98M |
| Net Income | 9.40M | 7.94M | 5.06M | 21.17M | 17.09M | 3.98M |
Balance Sheet | ||||||
| Total Assets | 4.36M | 4.79M | 1.63M | 795.20K | 7.19M | 1.41M |
| Cash, Cash Equivalents and Short-Term Investments | 4.36M | 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 | 2.39M | 2.85M | 183.81K | 0.00 | 6.80M | 1.29M |
| Stockholders Equity | 1.97M | 1.94M | 1.44M | 795.20K | 392.42K | 122.75K |
Cash Flow | ||||||
| Free Cash Flow | 7.01M | 8.73M | 5.86M | 22.14M | 17.80M | 4.60M |
| Operating Cash Flow | 7.01M | 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 | -9.99M | -5.57M | -5.03M | -28.54M | -12.02M | -3.84M |
North European Oil Royalty Technical Analysis
Positive
8.61
Price Trends
8.38
Positive
7.99
Positive
7.77
Positive
Market Momentum
0.20
Positive
57.98
Neutral
52.91
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 8.61 is below the 20-day moving average (MA) of 8.88, above the 50-day MA of 8.38, and above the 200-day MA of 7.77, indicating a bullish trend. The MACD of 0.20 indicates Positive momentum. The RSI at 57.98 is Neutral, neither overbought nor oversold. The STOCH value of 52.91 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
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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.