Mesa Royalty Trust (NYSE:MTR) Stock Price Passes Below 200-Day Moving Average – Should You Sell?

Mesa Royalty Trust (NYSE:MTR)’s stock price passed below its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $4.56 and traded as low as $3.36. Mesa Royalty Trust shares last traded at $3.4050, with a volume of 21,164 shares traded.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reaffirmed a “sell (d)” rating on shares of Mesa Royalty Trust in a research report on Friday, March 27th. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the stock presently has a consensus rating of “Sell”.

Mesa Royalty Trust Price Performance

The stock has a market cap of $6.33 million, a P/E ratio of 17.02 and a beta of 0.41. The stock’s 50-day moving average is $4.18 and its two-hundred day moving average is $4.56.

Mesa Royalty Trust (NYSE:MTR) last announced its quarterly earnings results on Monday, March 30th. The energy company reported $0.04 earnings per share (EPS) for the quarter. The company had revenue of $0.14 million for the quarter. Mesa Royalty Trust had a net margin of 65.19% and a return on equity of 11.24%.

Mesa Royalty Trust Announces Dividend

The company also recently declared a monthly dividend, which will be paid on Friday, July 31st. Investors of record on Friday, May 29th will be paid a dividend of $0.0403 per share. The ex-dividend date of this dividend is Friday, May 29th. This represents a c) dividend on an annualized basis and a yield of 14.2%. Mesa Royalty Trust’s dividend payout ratio is presently 145.00%.

Mesa Royalty Trust Company Profile

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).