Mesa Royalty Trust (NYSE:MTR)’s share price crossed above its fifty day moving average during trading on Thursday . The stock has a fifty day moving average of $4.08 and traded as high as $4.15. Mesa Royalty Trust shares last traded at $3.90, with a volume of 5,991 shares trading hands.
Separately, TheStreet lowered shares of Mesa Royalty Trust from a “c” rating to a “d+” rating in a research report on Monday, August 24th.
The stock has a market capitalization of $6.86 million, a price-to-earnings ratio of 7.10 and a beta of 1.12. The stock’s 50-day simple moving average is $4.05 and its 200 day simple moving average is $5.02.
Mesa Royalty Trust (NYSE:MTR) last released its quarterly earnings results on Friday, August 14th. The energy company reported $0.11 EPS for the quarter. The firm had revenue of $0.28 million for the quarter. Mesa Royalty Trust had a net margin of 84.29% and a return on equity of 37.82%.
A hedge fund recently raised its stake in Mesa Royalty Trust stock. McGowan Group Asset Management Inc. raised its position in Mesa Royalty Trust (NYSE:MTR) by 8.2% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 54,297 shares of the energy company’s stock after buying an additional 4,110 shares during the period. McGowan Group Asset Management Inc. owned 2.92% of Mesa Royalty Trust worth $280,000 as of its most recent SEC filing. 11.07% of the stock is owned by hedge funds and other institutional investors.
About Mesa Royalty Trust (NYSE:MTR)
Mesa Royalty Trust owns net overriding royalty interests in various oil and gas producing properties in the United States. It has interests in properties located in the Hugoton field of Kansas; and the San Juan Basin field of New Mexico and Colorado. The company was founded in 1979 and is based in Houston, Texas.
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