Mesa Royalty Trust (NYSE:MTR) Short Interest Update

Mesa Royalty Trust (NYSE:MTR) was the target of a large decline in short interest in January. As of January 15th, there was short interest totaling 695 shares, a decline of 86.4% from the December 31st total of 5,120 shares. Currently, 0.0% of the shares of the stock are sold short. Based on an average daily trading volume, of 19,897 shares, the days-to-cover ratio is currently 0.0 days. Based on an average daily trading volume, of 19,897 shares, the days-to-cover ratio is currently 0.0 days. Currently, 0.0% of the shares of the stock are sold short.

Mesa Royalty Trust Stock Performance

NYSE MTR traded up $0.18 on Thursday, reaching $5.20. The company had a trading volume of 5,421 shares, compared to its average volume of 16,791. The company’s fifty day moving average is $4.52 and its 200-day moving average is $5.04. The firm has a market capitalization of $9.67 million, a price-to-earnings ratio of 22.61 and a beta of 0.45. Mesa Royalty Trust has a 1-year low of $4.03 and a 1-year high of $10.42.

Mesa Royalty Trust (NYSE:MTR) last announced its earnings results on Thursday, November 13th. The energy company reported $0.05 EPS for the quarter. The business had revenue of $0.13 million during the quarter. Mesa Royalty Trust had a net margin of 76.84% and a return on equity of 13.63%.

Mesa Royalty Trust Announces Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Thursday, April 30th. Shareholders of record on Friday, January 30th will be paid a $0.0015 dividend. The ex-dividend date is Friday, January 30th. This represents a c) annualized dividend and a yield of 0.4%. Mesa Royalty Trust’s payout ratio is 95.65%.

Analyst Ratings Changes

Separately, Weiss Ratings restated a “sell (d)” rating on shares of Mesa Royalty Trust in a research report on Monday, December 29th. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat.com, Mesa Royalty Trust currently has an average 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).