Mesa Royalty Trust (NYSE:MTR) Short Interest Update

Mesa Royalty Trust (NYSE:MTR) was the recipient of a large drop in short interest during the month of May. As of May 15th, there was short interest totaling 1,405 shares, a drop of 58.4% from the April 30th total of 3,381 shares. Currently, 0.1% of the shares of the company are short sold. Based on an average daily volume of 7,932 shares, the days-to-cover ratio is presently 0.2 days.

Mesa Royalty Trust Trading Down 0.5%

NYSE:MTR traded down $0.02 during midday trading on Friday, hitting $3.79. 2,132 shares of the stock were exchanged, compared to its average volume of 6,514. Mesa Royalty Trust has a one year low of $3.63 and a one year high of $10.42. The business has a 50-day moving average price of $4.58 and a two-hundred day moving average price of $4.66. The company has a market capitalization of $7.05 million, a price-to-earnings ratio of 18.95 and a beta of 0.41.

Mesa Royalty Trust (NYSE:MTR) last released its 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 11.24%. The business had revenue of $0.14 million during the quarter.

Mesa Royalty Trust Announces Dividend

The firm also recently declared a monthly dividend, which will be paid on Friday, July 31st. Stockholders of record on Friday, May 29th will be issued a dividend of $0.0403 per share. The ex-dividend date is Friday, May 29th. This represents a c) dividend on an annualized basis and a dividend yield of 12.7%. Mesa Royalty Trust’s payout ratio is currently 145.00%.

Analysts Set New Price Targets

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

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).