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

Mesa Royalty Trust (NYSE:MTR) saw a significant decline in short interest in April. As of April 30th, there was short interest totaling 3,381 shares, a decline of 42.0% from the April 15th total of 5,833 shares. Based on an average trading volume of 6,167 shares, the short-interest ratio is presently 0.5 days. Approximately 0.2% of the shares of the stock are short sold.

Mesa Royalty Trust Stock Performance

MTR stock traded down $0.14 during trading on Monday, hitting $4.03. 6,928 shares of the company traded hands, compared to its average volume of 7,116. The firm has a market capitalization of $7.50 million, a PE ratio of 20.15 and a beta of 0.48. Mesa Royalty Trust has a 1 year low of $4.03 and a 1 year high of $10.42. The company has a 50-day moving average of $4.82 and a 200-day moving average of $4.71.

Mesa Royalty Trust (NYSE:MTR) last issued its earnings results on Monday, March 30th. The energy company reported $0.04 earnings per share for the quarter. The company had revenue of $0.14 million during the quarter. Mesa Royalty Trust had a return on equity of 11.23% and a net margin of 65.19%.

Mesa Royalty Trust Dividend Announcement

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 issued a dividend of $0.0403 per share. The ex-dividend date is Thursday, April 30th. This represents a c) annualized dividend and a yield of 12.0%. Mesa Royalty Trust’s dividend payout ratio is currently 240.00%.

Analysts Set New Price Targets

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