Mesa Royalty Trust (NYSE:MTR – Get Free Report)’s stock price passed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $4.68 and traded as low as $3.71. Mesa Royalty Trust shares last traded at $3.8050, with a volume of 4,810 shares trading hands.
Analyst Ratings Changes
Separately, Weiss Ratings restated a “sell (d)” rating on shares of Mesa Royalty Trust in a report on Friday, March 27th. One research analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, Mesa Royalty Trust presently has an average rating of “Sell”.
Get Our Latest Research Report on Mesa Royalty Trust
Mesa Royalty Trust Stock Down 1.8%
Mesa Royalty Trust (NYSE:MTR – Get Free Report) last issued its earnings results on Monday, March 30th. The energy company reported $0.04 earnings per share for the quarter. Mesa Royalty Trust had a return on equity of 11.24% and a net margin of 65.19%.The firm had revenue of $0.14 million for the quarter.
Mesa Royalty Trust Dividend Announcement
The company also recently announced a monthly dividend, which will be paid on Friday, July 31st. Investors of record on Friday, May 29th will be issued a $0.0403 dividend. The ex-dividend date is Friday, May 29th. This represents a c) dividend on an annualized basis and a yield of 12.7%. Mesa Royalty Trust’s dividend payout ratio (DPR) is presently 145.00%.
About Mesa Royalty Trust
Mesa Royalty Trust (NYSE: MTR) is a statutory trust that holds overriding royalty interests in oil and natural gas properties primarily located in the Permian Basin of Texas and New Mexico. Established in 1981 by Mesa Production Oil & Gas, Inc, the trust’s portfolio comprises interests in thousands of producing wells across key producing areas, including the Midland, Delaware and Central Basin platforms. These interests provide the trust with net revenue rights to a portion of the hydrocarbons produced from the underlying formations.
The trust’s core business activity is the collection and distribution of royalty income derived from the sale of crude oil, natural gas and natural gas liquids (NGLs).
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