Alert: Positive Investment/Fundamental Signals (11/29/23)-Mesa Royalty Trust (NYSE: MTR)


Mesa Royalty Trust (NYSE: MTR) has benefited from exceptional positive changes in investment behavior: its shorter term price trend turned up, and its longer term price trend turned up.

Mesa Royalty Trust (NYSE: MTR) has benefited from notable positive changes in fundamentals: significant quarterly earnings acceleration occurred, and significant quarterly sales acceleration occurred.

In light of these very positive signals we are reviewing our current Overall Rating of C. We would view the shares with optimism pending completion of this review in the next several days.


Current PriceTarget Research Rating

MTR is expected to continue to be a major Value Builder reflecting capital returns that are forecasted to exceed the cost of capital.

Mesa Royalty Trust has a current Value Trend Rating of C (Neutral). The Value Trend Rating reflects contradictory signals from PTR’s two proprietary measures of a stock’s attractiveness. Mesa Royalty Trust has a slightly positive Appreciation Score of 67 but a slightly negative Power Rating of 33, producing the Neutral Value Trend Rating.

Recent Price Action

On 11/29/23, Mesa Royalty Trust (NYSE: MTR) stock declined slightly by -1.0%, closing at $18.29. However, exceptionally low trading volume at 28% of normal accompanied the decline. The stock has been weak relative to the market over the last nine months but has risen 15.1% during the last week.

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