Mesa Royalty Trust (NYSE:MTR – Get 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%
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
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
- Five stocks we like better than Mesa Royalty Trust
- Sandisk Just Delivered a Blowout Quarter—Here’s Why the Stock Is Falling
- 4 Oil and Gas ETF Plays as Prices Stay Sky-High
- What Tesla Stands to Lose If It Walks Away From China
- Disney Sets Up for a Magical Year in 2027
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.
