Mesa Royalty Trust (NYSE:MTR) Share Price Passes Below 200 Day Moving Average – What’s Next?

Mesa Royalty Trust (NYSE:MTR)’s share price passed below its 200-day moving average during trading on Friday . The stock has a 200-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 changing hands.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reissued a “sell (d)” rating on shares of Mesa Royalty Trust in a research report on Friday, March 27th. One investment analyst has rated the stock with a Sell rating, According to MarketBeat.com, the company presently has an average rating of “Sell”.

Mesa Royalty Trust Price Performance

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

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

Mesa Royalty Trust Dividend Announcement

The company also recently disclosed 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 of this dividend is Friday, May 29th. This represents a c) annualized dividend and a dividend yield of 14.2%. Mesa Royalty Trust’s 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).