Mesa Royalty Trust (NYSE:MTR) Announces Quarterly Earnings Results

Mesa Royalty Trust (NYSE:MTR) issued its quarterly earnings data on Monday. The energy company reported $0.04 earnings per share for the quarter, Zacks reports. Mesa Royalty Trust had a return on equity of 13.80% and a net margin of 72.09%.The firm had revenue of $0.14 million for the quarter.

Mesa Royalty Trust Stock Down 2.0%

Shares of NYSE:MTR traded down $0.10 during midday trading on Wednesday, reaching $4.79. The company’s stock had a trading volume of 2,576 shares, compared to its average volume of 22,446. The firm has a 50 day moving average of $4.98 and a 200-day moving average of $4.84. The firm has a market capitalization of $8.91 million, a P/E ratio of 19.96 and a beta of 0.48. Mesa Royalty Trust has a 12-month low of $4.03 and a 12-month high of $10.42.

Mesa Royalty Trust Announces Dividend

The firm also recently announced a monthly dividend, which will be paid on Thursday, April 30th. Stockholders of record on Tuesday, March 31st will be issued a dividend of $0.0015 per share. This represents a c) dividend on an annualized basis and a dividend yield of 0.4%. The ex-dividend date is Tuesday, March 31st.

Analysts Set New Price Targets

Separately, Weiss Ratings reaffirmed a “sell (d)” rating on shares of Mesa Royalty Trust in a research note on Friday. One investment analyst has rated the stock with a Sell rating, According to MarketBeat, the stock has an average rating of “Sell”.

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).