Mesa Royalty Trust (NYSE:MTR) Stock Price Passes Below 50-Day Moving Average – Time to Sell?

Mesa Royalty Trust (NYSE:MTR)’s stock price passed below its 50 day moving average during trading on Tuesday . The stock has a 50 day moving average of $4.97 and traded as low as $4.50. Mesa Royalty Trust shares last traded at $4.51, with a volume of 15,763 shares changing hands.

Analyst Ratings Changes

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, the company currently has an average rating of “Sell”.

Mesa Royalty Trust Trading Down 3.2%

The firm’s fifty day moving average price is $4.97 and its 200-day moving average price is $4.75. The firm has a market cap of $8.39 million, a price-to-earnings ratio of 18.79 and a beta of 0.48.

Mesa Royalty Trust (NYSE:MTR) last issued its earnings results on Monday, March 30th. The energy company reported $0.04 earnings per share (EPS) for the quarter. Mesa Royalty Trust had a net margin of 72.09% and a return on equity of 13.78%. The business had revenue of $0.14 million during the quarter.

Mesa Royalty Trust Dividend Announcement

The business also recently announced a monthly dividend, which will be paid on Friday, July 31st. Stockholders of record on Thursday, April 30th will be issued a $0.0403 dividend. The ex-dividend date is Thursday, April 30th. This represents a c) annualized dividend and a dividend yield of 10.7%. Mesa Royalty Trust’s dividend payout ratio is presently 200.00%.

About Mesa Royalty Trust

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).