Mesa Royalty Trust (NYSE:MTR) Short Interest Update

Mesa Royalty Trust (NYSE:MTR) saw a significant increase in short interest in the month of August. As of August 31st, there was short interest totaling 1,793 shares, an increase of 311.2% from the August 15th total of 436 shares. Approximately 0.1% of the shares of the company are sold short. Based on an average trading volume of 13,992 shares, the days-to-cover ratio is currently 0.1 days.

Analyst Ratings Changes

Separately, Weiss Ratings downgraded shares of Mesa Royalty Trust from a “sell (d+)” rating to a “sell (d)” rating in a research note on Friday, August 21st. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat.com, the company has a consensus rating of “Sell”.

Mesa Royalty Trust Trading Down 1.8%

NYSE MTR opened at $2.42 on Friday. Mesa Royalty Trust has a 1-year low of $2.17 and a 1-year high of $5.83. The company has a 50 day moving average of $2.80 and a 200-day moving average of $3.83. The company has a market cap of $4.51 million, a price-to-earnings ratio of 15.16 and a beta of 0.41.

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 during the quarter. Mesa Royalty Trust had a return on equity of 9.17% and a net margin of 60.59%.

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).