Mesa Royalty Trust (NYSE:MTR) Stock Price Passes Below 200 Day Moving Average – Here’s What Happened

Mesa Royalty Trust (NYSE:MTR)’s share price passed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $4.39 and traded as low as $3.14. Mesa Royalty Trust shares last traded at $3.1690, with a volume of 5,381 shares traded.

Analyst Ratings Changes

Separately, Weiss Ratings restated a “sell (d+)” rating on shares of Mesa Royalty Trust in a research report on Wednesday, July 8th. One analyst has rated the stock with a Sell rating, According to data from MarketBeat, Mesa Royalty Trust currently has a consensus rating of “Sell”.

Mesa Royalty Trust Price Performance

The firm has a fifty day moving average of $3.65 and a two-hundred day moving average of $4.39. The stock has a market capitalization of $5.89 million, a P/E ratio of 15.84 and a beta of 0.42.

Mesa Royalty Trust Dividend Announcement

The company also recently declared a monthly dividend, which will be paid on Friday, July 31st. Shareholders of record on Friday, May 29th will be paid a dividend of $0.0403 per share. This represents a c) annualized dividend and a yield of 15.2%. The ex-dividend date is Friday, May 29th. Mesa Royalty Trust’s payout ratio is presently 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).