Mesa Royalty Trust (NYSE:MTR) Short Interest Down 62.1% in May

Mesa Royalty Trust (NYSE:MTR) was the recipient of a large decline in short interest in the month of May. As of May 29th, there was short interest totaling 533 shares, a decline of 62.1% from the May 14th total of 1,405 shares. Currently, 0.0% of the shares of the company are short sold. Based on an average daily volume of 5,532 shares, the short-interest ratio is presently 0.1 days.

Wall Street Analysts Forecast Growth

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

Mesa Royalty Trust Price Performance

MTR stock traded up $0.04 during trading on Friday, reaching $3.66. 6,595 shares of the company were exchanged, compared to its average volume of 7,230. The company has a 50-day moving average of $4.32 and a two-hundred day moving average of $4.60. The company has a market capitalization of $6.81 million, a price-to-earnings ratio of 18.30 and a beta of 0.41. Mesa Royalty Trust has a twelve month low of $3.60 and a twelve month high of $10.42.

Mesa Royalty Trust (NYSE:MTR) last released its quarterly earnings data on Monday, March 30th. The energy company reported $0.04 earnings per share (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. Shareholders of record on Friday, May 29th will be given a $0.0403 dividend. This represents a c) annualized dividend and a yield of 13.2%. The ex-dividend date is Friday, May 29th. Mesa Royalty Trust’s dividend payout ratio is 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).