Mesa Royalty Trust (NYSE:MTR) Short Interest Update

Mesa Royalty Trust (NYSE:MTR) was the target of a significant decline in short interest during the month of May. As of May 15th, there was short interest totaling 1,405 shares, a decline of 58.4% from the April 30th total of 3,381 shares. Approximately 0.1% of the company’s stock are short sold. Based on an average daily trading volume, of 7,932 shares, the short-interest ratio is presently 0.2 days.

Mesa Royalty Trust Stock Down 0.5%

Shares of MTR traded down $0.02 during mid-day trading on Friday, hitting $3.79. The stock had a trading volume of 2,132 shares, compared to its average volume of 6,514. Mesa Royalty Trust has a fifty-two week low of $3.63 and a fifty-two week high of $10.42. The company has a market cap of $7.05 million, a PE ratio of 18.95 and a beta of 0.41. The company’s fifty day simple moving average is $4.58 and its two-hundred day simple moving average is $4.66.

Mesa Royalty Trust (NYSE:MTR) last posted its quarterly earnings results on Monday, March 30th. The energy company reported $0.04 earnings per share (EPS) for the quarter. The business had revenue of $0.14 million for the quarter. Mesa Royalty Trust had a return on equity of 11.24% and a net margin of 65.19%.

Mesa Royalty Trust Announces Dividend

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

Analyst Upgrades and Downgrades

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