NRT Stock Summary and Trading Ideas (North European Oil Royality Trust | NYSE:NRT)

North European Oil Royalty Trust holds overriding royalty rights covering gas and oil production in certain concessions or leases in the Federal Republic of Germany. The properties of the trust are overriding royalty rights on sales of gas, sulfur, and oil under certain concessions or leases in the Federal Republic of Germany. The trust also holds other royalty rights, which are based on leases. It receives various percentages of royalties on the proceeds of the sales of certain products from the areas involved.

North European Oil Royality Trust trades on the NYSE stock market under the symbol NRT.

As of April 19, 2024, NRT stock price climbed to $6.85 with 89,549 million shares trading.

NRT has a beta of -2.13, meaning it tends to be less sensitive to market movements. NRT has a correlation of 0.12 to the broad based SPY ETF.

NRT has a market cap of $62.96 million. This is considered a Micro Cap stock.

In the last 3 years, NRT stock traded as high as $20.72 and as low as $4.72.

NRT stock has underperformed the market in the last year with a return of -40.3%, while SPY returned +21.2%. This shows that you would have done better investing in the overall market (through SPY) over the last year than in NRT shares. However, NRT has outperformed the market in the last 3 month and 2 week periods, returning +27.5% and +2.5%, while SPY returned +4.3% and -3.5%, respectively. This indicates NRT has been having a stronger performance recently.

NRT support price is $6.51 and resistance is $7.13 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that NRT stock will trade within this expected range on the day.