Mesa Royalty Trust (NYSE:MTR) Short Interest Update

Mesa Royalty Trust (NYSE:MTR) saw a significant growth in short interest during the month of December. As of December 31st, there was short interest totaling 5,120 shares, a growth of 87.6% from the December 15th total of 2,729 shares. Currently, 0.3% of the company’s shares are short sold. Based on an average daily volume of 22,156 shares, the days-to-cover ratio is currently 0.2 days. Based on an average daily volume of 22,156 shares, the days-to-cover ratio is currently 0.2 days. Currently, 0.3% of the company’s shares are short sold.

Analyst Ratings Changes

Separately, Weiss Ratings reiterated a “sell (d)” rating on shares of Mesa Royalty Trust in a report on Monday, December 29th. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat, the stock presently has an average rating of “Sell”.

Mesa Royalty Trust Stock Performance

Shares of MTR traded down $0.25 on Thursday, hitting $4.33. 21,356 shares of the stock traded hands, compared to its average volume of 19,776. The company has a market capitalization of $8.07 million, a PE ratio of 18.83 and a beta of 0.45. Mesa Royalty Trust has a one year low of $4.03 and a one year high of $10.42. The business has a 50 day simple moving average of $4.51 and a 200 day simple moving average of $5.11.

Mesa Royalty Trust (NYSE:MTR) last announced its quarterly earnings results on Thursday, November 13th. The energy company reported $0.05 EPS for the quarter. Mesa Royalty Trust had a net margin of 76.84% and a return on equity of 13.63%. The firm had revenue of $0.13 million during the quarter.

Mesa Royalty Trust Dividend Announcement

The firm also recently declared a monthly dividend, which will be paid on Friday, January 30th. Shareholders of record on Wednesday, December 31st will be given a $0.0184 dividend. The ex-dividend date is Wednesday, December 31st. This represents a c) annualized dividend and a yield of 5.1%. Mesa Royalty Trust’s dividend payout ratio (DPR) is presently 95.65%.

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).