Mesa Royalty Trust (NYSE:MTR) Short Interest Update

Mesa Royalty Trust (NYSE:MTR) was the recipient of a large drop in short interest in July. As of July 31st, there was short interest totaling 559 shares, a drop of 66.5% from the July 15th total of 1,671 shares. Currently, 0.0% of the shares of the stock are short sold. Based on an average trading volume of 5,802 shares, the days-to-cover ratio is presently 0.1 days.

Analyst Ratings Changes

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

Mesa Royalty Trust Price Performance

Shares of NYSE MTR traded up $0.07 during midday trading on Friday, hitting $2.90. The stock had a trading volume of 9,080 shares, compared to its average volume of 6,158. The company’s 50-day simple moving average is $3.13 and its 200 day simple moving average is $4.16. The firm has a market cap of $5.40 million, a P/E ratio of 14.47 and a beta of 0.44. Mesa Royalty Trust has a fifty-two week low of $2.82 and a fifty-two week high of $5.83.

Mesa Royalty Trust (NYSE:MTR) last issued its quarterly earnings results on Friday, August 14th. The energy company reported $0.07 earnings per share (EPS) for the quarter. The business had revenue of $0.16 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 Dividend Announcement

The firm also recently announced a monthly dividend, which was paid on Friday, July 31st. Shareholders of record on Friday, May 29th were given a dividend of $0.0403 per share. The ex-dividend date was Friday, May 29th. This represents a c) dividend on an annualized basis and a yield of 16.7%. Mesa Royalty Trust’s dividend payout ratio is presently 145.00%.

About Mesa Royalty Trust

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).