Mesa Royalty Trust (NYSE:MTR) Stock Crosses Above 50 Day Moving Average – What’s Next?

Shares of Mesa Royalty Trust (NYSE:MTRGet Free Report) crossed above its 50 day moving average during trading on Tuesday . The stock has a 50 day moving average of $4.54 and traded as high as $4.86. Mesa Royalty Trust shares last traded at $4.78, with a volume of 13,066 shares.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reissued a “sell (d)” rating on shares of Mesa Royalty Trust in a research note on Monday, December 29th. One research analyst has rated the stock with a Sell rating, According to data from MarketBeat, the stock presently has a consensus rating of “Sell”.

View Our Latest Stock Analysis on MTR

Mesa Royalty Trust Stock Performance

The company has a fifty day simple moving average of $4.54 and a two-hundred day simple moving average of $4.95. The firm has a market capitalization of $8.89 million, a PE ratio of 20.78 and a beta of 0.48.

Mesa Royalty Trust Dividend Announcement

The firm also recently announced a monthly dividend, which will be paid on Thursday, April 30th. Shareholders of record on Friday, January 30th will be issued a dividend of $0.0015 per share. This represents a c) annualized dividend and a yield of 0.4%. The ex-dividend date is Friday, January 30th. Mesa Royalty Trust’s dividend payout ratio is presently 8.70%.

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).

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