Mesa Royalty Trust (NYSE:MTR – Get Free Report) released its earnings results on Friday. The energy company reported $0.07 EPS for the quarter, Zacks reports. Mesa Royalty Trust had a return on equity of 11.24% and a net margin of 65.19%.The business had revenue of $0.16 million for the quarter.
Mesa Royalty Trust Trading Up 2.3%
MTR stock traded up $0.07 during trading on Friday, reaching $2.90. The stock had a trading volume of 9,080 shares, compared to its average volume of 6,158. Mesa Royalty Trust has a 52 week low of $2.82 and a 52 week high of $5.83. The stock’s 50 day moving average is $3.13 and its two-hundred day moving average is $4.16. The firm has a market cap of $5.40 million, a PE ratio of 14.47 and a beta of 0.44.
Mesa Royalty Trust Dividend Announcement
The company also recently disclosed a monthly dividend, which was paid on Friday, July 31st. Investors of record on Friday, May 29th were given a dividend of $0.0403 per share. This represents a c) dividend on an annualized basis and a yield of 16.7%. The ex-dividend date was Friday, May 29th. Mesa Royalty Trust’s dividend payout ratio is 145.00%.
Wall Street Analyst Weigh In
View Our Latest Analysis on Mesa Royalty Trust
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).
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