Mesa Royalty Trust (NYSE:MTR) Short Interest Update

Mesa Royalty Trust (NYSE:MTR) saw a large decrease in short interest during the month of April. As of April 15th, there was short interest totaling 5,833 shares, a decrease of 73.7% from the March 31st total of 22,163 shares. Based on an average trading volume of 7,271 shares, the short-interest ratio is presently 0.8 days. Currently, 0.3% of the company’s stock are sold short.

Mesa Royalty Trust Trading Down 1.3%

Mesa Royalty Trust stock traded down $0.06 during trading on Friday, hitting $4.66. 4,191 shares of the company were exchanged, compared to its average volume of 7,934. The company has a market capitalization of $8.67 million, a P/E ratio of 19.42 and a beta of 0.52. The business’s 50 day moving average is $4.99 and its 200 day moving average is $4.77. Mesa Royalty Trust has a 52 week low of $4.03 and a 52 week high of $10.42.

Mesa Royalty Trust (NYSE:MTR) last issued its quarterly earnings data on Monday, March 30th. The energy company reported $0.04 earnings per share for the quarter. Mesa Royalty Trust had a return on equity of 13.78% and a net margin of 72.09%.The business had revenue of $0.14 million for the quarter.

Mesa Royalty Trust Dividend Announcement

The company also recently declared a monthly dividend, which will be paid on Friday, July 31st. Investors of record on Thursday, April 30th will be given a dividend of $0.0403 per share. This represents a c) dividend on an annualized basis and a dividend yield of 10.4%. The ex-dividend date of this dividend is Thursday, April 30th. Mesa Royalty Trust’s dividend payout ratio (DPR) is presently 29.17%.

Analyst Ratings Changes

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

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).