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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: 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.
Read More Hugoton Royalty Trust (HGTXU) Chart
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
Today's Open
$0.18Volume
178.26KP/E Ratio (TTM)
0.6552 Week Range
Market Cap
9.24MAvg. Volume
49.65KDividend 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.
- 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.
- 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.
- 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.
- The Shariah compliance status of Hugoton Royalty Trust may be updated periodically when new financial statements, earnings reports, or business activity information become available.
- 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.
- 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.