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

Mesa Royalty Trust (NYSE:MTR)’s share price passed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $4.28 and traded as low as $2.86. Mesa Royalty Trust shares last traded at $2.90, with a volume of 4,613 shares trading hands.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings downgraded shares of Mesa Royalty Trust from a “sell (d+)” rating to a “sell (d)” rating in a research note on Thursday, July 23rd. One research analyst has rated the stock with a Sell rating, According to MarketBeat, the company has a consensus rating of “Sell”.

Mesa Royalty Trust Stock Performance

The company’s 50 day moving average price is $3.36 and its 200 day moving average price is $4.28. The company has a market cap of $5.39 million, a price-to-earnings ratio of 14.50 and a beta of 0.42.

Mesa Royalty Trust Announces Dividend

The business also recently declared a monthly dividend, which will be paid on Friday, July 31st. Shareholders of record on Friday, May 29th will be given a $0.0403 dividend. The ex-dividend date of this dividend is Friday, May 29th. This represents a c) dividend on an annualized basis and a dividend yield of 16.7%. Mesa Royalty Trust’s payout ratio is currently 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).