Mesa Royalty Trust (NYSE:MTR – Get Free Report) shares 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.
Wall Street Analysts Forecast Growth
Separately, Weiss Ratings cut Mesa Royalty Trust from a “sell (d+)” rating to a “sell (d)” rating in a research report on Thursday, July 23rd. One equities research analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, Mesa Royalty Trust has a consensus rating of “Sell”.
Get Our Latest Analysis on MTR
Mesa Royalty Trust Price Performance
Mesa Royalty Trust Dividend Announcement
The business also recently announced a monthly dividend, which was paid on Friday, July 31st. Stockholders of record on Friday, May 29th were paid a $0.0403 dividend. This represents a c) dividend on an annualized basis and a dividend yield of 17.1%. The ex-dividend date of this dividend was Friday, May 29th. Mesa Royalty Trust’s payout ratio is 145.00%.
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).
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