Mesa Royalty Trust (NYSE:MTR) Shares Cross Below 200-Day Moving Average – What’s Next?

Mesa Royalty Trust (NYSE:MTRGet Free Report)’s stock price crossed below its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $4.22 and traded as low as $2.84. Mesa Royalty Trust shares last traded at $2.8260, with a volume of 2,648 shares traded.

Analysts Set New Price Targets

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

Get Our Latest Research Report on MTR

Mesa Royalty Trust Stock Down 0.8%

The stock has a market capitalization of $5.26 million, a P/E ratio of 14.13 and a beta of 0.44. The business has a fifty day moving average price of $3.25 and a 200-day moving average price of $4.22.

Mesa Royalty Trust Dividend Announcement

The business also recently disclosed a monthly dividend, which was paid on Friday, July 31st. Investors 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) dividend on an annualized basis and a yield of 17.1%. Mesa Royalty Trust’s dividend payout ratio is 145.00%.

Mesa Royalty Trust Company Profile

(Get Free Report)

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).

See Also

Receive News & Ratings for Mesa Royalty Trust Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Mesa Royalty Trust and related companies with MarketBeat.com's FREE daily email newsletter.