Is Hugoton Royalty Trust halal to invest in?

According to Musaffa's Shariah screening methodology, Hugoton Royalty Trust (HGTXU) is currently classified as NOT HALAL as of September 2024. The classification is based on an evaluation of the company's business activities and financial ratios to determine whether it meets Islamic investment guidelines.

Is Hugoton Royalty Trust a Shariah-compliant stock?

A stock is Shariah-compliant if the company operates in permissible business activities and meets Islamic financial screening thresholds. Musaffa analyzes Hugoton Royalty Trust using these criteria to determine its compliance status.

Can Muslims buy shares of Hugoton Royalty Trust?

Muslim investors may consider investing in Hugoton Royalty Trust if it meets Shariah compliance standards. Investors typically review the company's business activities, debt levels, and non-permissible income before making a decision.

Why is Hugoton Royalty Trust classified as NOT HALAL?

Musaffa determines the Shariah status of Hugoton Royalty Trust by analyzing whether the company's core business operations are permissible and whether its financial ratios fall within accepted Islamic thresholds.

How often is the Shariah compliance for Hugoton Royalty Trust updated?

The Shariah compliance status of Hugoton Royalty Trust may be updated periodically when new financial statements, earnings reports, or business activity information become available.

Can a halal stock like Hugoton Royalty Trust become non-compliant?

Yes. A stock that is currently Shariah-compliant may become non-compliant if the company's financial ratios exceed Shariah thresholds or its business activities change.

Where can I check the Shariah status of Hugoton Royalty Trust?

You can check the latest Shariah compliance status of Hugoton Royalty Trust on Musaffa's stock page, where screening results and key financial indicators are updated to help Muslim investors make informed decisions.

HGTXU Shariah Compliance

Screening Methodology: AAOIFI

NOT HALAL

Last Updated: September 04, 2024

Report Source: 2024 2nd Quarter Report

Hugoton Royalty Trust. Stock Analysis HGTXU

United States Energy Nano Cap Report: Q2, 2024

Hugoton Royalty Trust engages in the collection and distribution of monthly net profits to unit holders. The company is headquartered in Dallas, Texas. XTO Energy conveyed to the Trust 80% net profits interests in certain predominantly natural gas producing working interest properties in Kansas, Oklahoma, and Wyoming under three separate conveyances. The net profits interests entitle the Trust to receive 80% of the net proceeds from the sale of oil and gas from the underlying properties. The net profits interests are the principal asset of the Trust. XTO Energy is a producer in the Ringwood, Northwest Okeene and Cheyenne Valley fields of Major County, the Northeast Cedardale field of Woodward County and the Elk City field of Beckham County, the principal producing regions of the underlying properties in the Anadarko Basin. Argent Trust Company serves as the trustee of the Trust.

Key Statistics of Hugoton Royalty Trust (HGTXU)

Key statistics in the stock market are essential financial indicators that measure a company's performance, valuation, profitability, and risk.

Today's Range

$0.23$0.25

Today's Open

$0.23

Volume

15.00K

P/E Ratio (TTM)

0.89

52 Week Range

$0.11$0.50

Market Cap

9.80M

Avg. Volume

43.21K

Dividend Yield

Financial Metrics & Statements of Hugoton Royalty Trust (HGTXU)

FAQ's for Hugoton Royalty Trust (HGTXU)

According to Musaffa’s Shariah screening methodology, Hugoton Royalty Trust (HGTXU) is currently classified as NOT HALAL as of September 2024. The classification is based on an evaluation of the company’s business activities and financial ratios to determine whether it meets Islamic investment guidelines.