Mesa Royalty Trust (NYSE:MTR) Sees Large Increase in Short Interest

Mesa Royalty Trust (NYSE:MTR) was the recipient of a significant increase in short interest in the month of December. As of December 31st, there was short interest totaling 5,120 shares, an increase of 87.6% from the December 15th total of 2,729 shares. Currently, 0.3% of the company’s stock are short sold. Based on an average daily trading volume, of 22,156 shares, the short-interest ratio is currently 0.2 days. Based on an average daily trading volume, of 22,156 shares, the short-interest ratio is currently 0.2 days. Currently, 0.3% of the company’s stock are short sold.

Analysts Set New Price Targets

Separately, Weiss Ratings reiterated a “sell (d)” rating on shares of Mesa Royalty Trust in a report on Monday, December 29th. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat, Mesa Royalty Trust currently has an average rating of “Sell”.

Mesa Royalty Trust Stock Up 2.0%

Shares of NYSE MTR traded up $0.09 during mid-day trading on Friday, reaching $4.35. 12,169 shares of the company were exchanged, compared to its average volume of 14,505. Mesa Royalty Trust has a 1 year low of $4.03 and a 1 year high of $10.42. The firm has a 50-day moving average of $4.51 and a 200 day moving average of $5.09. The stock has a market cap of $8.08 million, a price-to-earnings ratio of 18.89 and a beta of 0.45.

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

Mesa Royalty Trust Announces Dividend

The company also recently announced a monthly dividend, which will be paid on Friday, January 30th. Shareholders of record on Wednesday, December 31st will be paid a $0.0184 dividend. This represents a c) annualized dividend and a yield of 5.1%. The ex-dividend date is Wednesday, December 31st. Mesa Royalty Trust’s dividend payout ratio (DPR) is 95.65%.

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).