Mesa Royalty Trust (NYSE:MTR) Announces Earnings Results

Mesa Royalty Trust (NYSE:MTR) released its quarterly earnings data on Friday. The energy company reported $0.07 earnings per share for the quarter, Zacks reports. Mesa Royalty Trust had a net margin of 65.19% and a return on equity of 11.24%.

Mesa Royalty Trust Price Performance

Shares of MTR traded up $0.07 during midday trading on Friday, hitting $2.90. 9,080 shares of the company traded hands, compared to its average volume of 14,030. Mesa Royalty Trust has a one year low of $2.82 and a one year high of $5.83. The firm has a market cap of $5.38 million, a P/E ratio of 14.47 and a beta of 0.44. The stock has a 50-day moving average of $3.15 and a 200-day moving average of $4.17.

Mesa Royalty Trust Dividend Announcement

The business also recently declared a monthly dividend, which was paid on Friday, July 31st. Stockholders of record on Friday, May 29th were given a dividend of $0.0403 per share. The ex-dividend date was Friday, May 29th. This represents a c) annualized dividend and a dividend yield of 16.7%.

Analysts Set New Price Targets

Separately, Weiss Ratings raised Mesa Royalty Trust from a “sell (d)” rating to a “sell (d+)” rating in a report on Friday, August 7th. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the company has a consensus rating of “Sell”.

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).