Mesa Royalty Trust (NYSE:MTR) Short Interest Down 42.0% in April

Mesa Royalty Trust (NYSE:MTR) was the target of a large decrease in short interest in the month of April. As of April 30th, there was short interest totaling 3,381 shares, a decrease of 42.0% from the April 15th total of 5,833 shares. Currently, 0.2% of the shares of the stock are sold short. Based on an average trading volume of 6,167 shares, the short-interest ratio is currently 0.5 days.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reaffirmed a “sell (d)” rating on shares of Mesa Royalty Trust in a report on Friday, March 27th. One analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the company presently has a consensus rating of “Sell”.

Mesa Royalty Trust Price Performance

MTR stock traded down $0.14 during midday trading on Monday, reaching $4.03. The company had a trading volume of 6,928 shares, compared to its average volume of 7,116. Mesa Royalty Trust has a 1 year low of $4.03 and a 1 year high of $10.42. The company has a market capitalization of $7.50 million, a P/E ratio of 20.15 and a beta of 0.48. The firm has a 50-day moving average price of $4.82 and a 200-day moving average price of $4.71.

Mesa Royalty Trust (NYSE:MTR) last released its quarterly earnings results on Monday, March 30th. The energy company reported $0.04 EPS for the quarter. Mesa Royalty Trust had a net margin of 65.19% and a return on equity of 11.23%. The business had revenue of $0.14 million during the quarter.

Mesa Royalty Trust Announces Dividend

The business also recently declared a monthly dividend, which will be paid on Friday, July 31st. Shareholders of record on Thursday, April 30th will be paid a $0.0403 dividend. This represents a c) dividend on an annualized basis and a yield of 12.0%. The ex-dividend date of this dividend is Thursday, April 30th. Mesa Royalty Trust’s payout ratio is currently 240.00%.

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).