Why These Energy Stocks Are Losing This Week

5. Cross Timbers Royalty Trust (NYSE:CRT)

Share Price Decline Between Apr. 15 and Apr. 22: 8.64%

Cross Timbers Royalty Trust (NYSE:CRT) operates as an express trust in the United States. It holds 90% net profits interests in certain royalty and overriding royalty interest properties in Texas, Oklahoma, and New Mexico, and 75% net profits interests in certain working interest properties in Texas and Oklahoma.

Cross Timbers Royalty Trust (NYSE:CRT) declared its April cash dividend of $0.0321 per share last week, significantly lower than the $0.1567 per share cash distribution it announced in March. The company revealed that its oil sales volume declined by 36.8% from the previous month, while gas volume also decreased by around 19.6%. Moreover, the recent slump in oil prices has also taken a toll on CRT’s revenue, as its average price per barrel declined by around 4.6%.