Mesa Royalty Trust (NYSE:MTR) Share Price Passes Below 50 Day Moving Average – Here’s Why

Mesa Royalty Trust (NYSE:MTR)’s share price crossed below its 50 day moving average during trading on Monday . The stock has a 50 day moving average of $4.42 and traded as low as $3.83. Mesa Royalty Trust shares last traded at $3.8390, with a volume of 11,602 shares.

Wall Street Analyst Weigh In

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

Mesa Royalty Trust Trading Up 0.2%

The stock has a market capitalization of $7.14 million, a PE ratio of 19.20 and a beta of 0.41. The firm’s fifty day moving average price is $4.42 and its two-hundred day moving average price is $4.63.

Mesa Royalty Trust (NYSE:MTR) last posted its earnings results on Monday, March 30th. The energy company reported $0.04 earnings per share for the quarter. The firm 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 firm also recently announced a monthly dividend, which will be paid on Friday, July 31st. Stockholders of record on Friday, May 29th will be paid a dividend of $0.0403 per share. This represents a c) annualized dividend and a dividend yield of 12.6%. The ex-dividend date of this dividend is Friday, May 29th. 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).