Mesa Royalty Trust (NYSE:MTR) Short Interest Update

Mesa Royalty Trust (NYSE:MTR) was the target of a significant decrease in short interest during the month of July. As of July 31st, there was short interest totaling 559 shares, a decrease of 66.5% from the July 15th total of 1,671 shares. Approximately 0.0% of the company’s stock are sold short. Based on an average daily trading volume, of 5,802 shares, the days-to-cover ratio is currently 0.1 days.

Wall Street Analyst Weigh In

Separately, Weiss Ratings upgraded shares of Mesa Royalty Trust from a “sell (d)” rating to a “sell (d+)” rating in a report on Friday, August 7th. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the company currently has an average rating of “Sell”.

Mesa Royalty Trust Trading Up 2.3%

Shares of MTR traded up $0.07 during midday trading on Friday, hitting $2.90. 9,080 shares of the company’s stock traded hands, compared to its average volume of 14,030. Mesa Royalty Trust has a 1 year low of $2.82 and a 1 year high of $5.83. The firm’s fifty day moving average is $3.15 and its 200-day moving average is $4.17. The stock has a market capitalization of $5.38 million, a price-to-earnings ratio of 14.47 and a beta of 0.44.

Mesa Royalty Trust (NYSE:MTR) last announced its earnings results on Friday, August 14th. The energy company reported $0.07 earnings per share for the quarter. Mesa Royalty Trust had a return on equity of 11.24% and a net margin of 65.19%.

Mesa Royalty Trust Dividend Announcement

The firm also recently declared a monthly dividend, which was paid on Friday, July 31st. Shareholders of record on Friday, May 29th were issued a $0.0403 dividend. This represents a c) annualized dividend and a yield of 16.7%. The ex-dividend date of this dividend was Friday, May 29th.

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).