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

Mesa Royalty Trust (NYSE:MTR) passed 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 trading hands.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reaffirmed a “sell (d)” rating on shares of Mesa Royalty Trust in a report on Monday, December 29th. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, Mesa Royalty Trust currently has an average rating of “Sell”.

Mesa Royalty Trust Trading Up 0.2%

The firm’s 50-day moving average price is $4.54 and its 200-day moving average price is $4.95. The stock has a market capitalization of $8.89 million, a PE ratio of 20.78 and a beta of 0.48.

Mesa Royalty Trust Announces Dividend

The business also recently declared a monthly dividend, which will be paid on Thursday, April 30th. Investors 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%.

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).