Shares of Mesa Royalty Trust (NYSE:MTR – Get Free Report) passed below its 50-day moving average during trading on Tuesday . The stock has a 50-day moving average of $4.51 and traded as low as $4.14. Mesa Royalty Trust shares last traded at $4.3710, with a volume of 55,658 shares.
Analyst Upgrades and Downgrades
Separately, Weiss Ratings reiterated a “sell (d)” rating on shares of Mesa Royalty Trust in a research note on Monday, December 29th. 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”.
Check Out Our Latest Analysis on Mesa Royalty Trust
Mesa Royalty Trust Stock Up 5.1%
Mesa Royalty Trust (NYSE:MTR – Get Free Report) last announced its quarterly earnings data on Thursday, November 13th. The energy company reported $0.05 earnings per share (EPS) for the quarter. The company had revenue of $0.13 million during the quarter. Mesa Royalty Trust had a net margin of 76.84% and a return on equity of 13.63%.
Mesa Royalty Trust Dividend Announcement
The company also recently declared a monthly dividend, which will be paid on Friday, January 30th. Shareholders of record on Wednesday, December 31st will be paid a dividend of $0.0184 per share. The ex-dividend date is Wednesday, December 31st. This represents a c) annualized dividend and a yield of 5.0%. Mesa Royalty Trust’s dividend payout ratio is currently 95.65%.
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).
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