Short Interest in Mesa Royalty Trust (NYSE:MTR) Drops By 42.0%

Mesa Royalty Trust (NYSE:MTR) was the recipient of a significant decrease in short interest in the month of April. As of April 30th, there was short interest totaling 3,381 shares, a decrease of 42.0% from the April 15th total of 5,833 shares. Currently, 0.2% of the shares of the stock are sold short. Based on an average daily volume of 6,167 shares, the days-to-cover ratio is currently 0.5 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 equities research analyst has rated the stock with a Sell rating, According to MarketBeat.com, Mesa Royalty Trust has a consensus rating of “Sell”.

Mesa Royalty Trust Stock Down 3.4%

NYSE:MTR traded down $0.14 during midday trading on Monday, hitting $4.03. The company had a trading volume of 6,928 shares, compared to its average volume of 7,116. Mesa Royalty Trust has a 52-week low of $4.03 and a 52-week high of $10.42. The stock’s fifty day moving average price is $4.82 and its 200-day moving average price is $4.71. The company has a market capitalization of $7.50 million, a PE ratio of 20.15 and a beta of 0.48.

Mesa Royalty Trust (NYSE:MTR) last announced its earnings results 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 11.23%. The company had revenue of $0.14 million during the quarter.

Mesa Royalty Trust Announces Dividend

The business also recently announced a monthly dividend, which will be paid on Friday, July 31st. Investors of record on Thursday, April 30th will be given a $0.0403 dividend. The ex-dividend date is Thursday, April 30th. This represents a c) annualized dividend and a yield of 12.0%. Mesa Royalty Trust’s payout ratio is 240.00%.

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).