On 11/24/23, Mesa Royalty Trust (NYSE: MTR) stock enjoyed a major increase of 10.2%, closing at $18.20. Relative to the market the stock has been weak over the last nine months but has risen 23.0% during the last week.
Current PriceTarget Research Rating
MTR’s future returns on capital are forecasted to be above the cost of capital. Accordingly, the company is expected to continue to be a major Value Builder.
Mesa Royalty Trust has a current Value Trend Rating of C (Neutral). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing contradictory signals. Mesa Royalty Trust has a slightly positive Appreciation Score of 67 but a slightly negative Power Rating of 33, resulting in the Neutral Value Trend Rating.
Rating Review
In light of this very positive price change we are reviewing our current Overall Rating of C. This review will be completed in the next several days.
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