Mesa Royalty Trust (NYSE:MTR) Short Interest Update

Mesa Royalty Trust (NYSE:MTR) was the target of a significant growth in short interest in March. As of March 31st, there was short interest totaling 22,163 shares, a growth of 112.3% from the March 15th total of 10,440 shares. Based on an average daily volume of 19,044 shares, the days-to-cover ratio is currently 1.2 days. Approximately 1.2% of the shares of the stock are sold short.

Mesa Royalty Trust Stock Performance

Shares of MTR stock traded up $0.36 on Tuesday, hitting $5.10. 3,918 shares of the stock traded hands, compared to its average volume of 20,837. The firm’s 50-day moving average price is $4.98 and its two-hundred day moving average price is $4.79. The stock has a market capitalization of $9.51 million, a PE ratio of 21.27 and a beta of 0.52. Mesa Royalty Trust has a twelve month low of $4.03 and a twelve month high of $10.42.

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

Mesa Royalty Trust Announces Dividend

The business also recently announced a monthly dividend, which will be paid on Thursday, April 30th. Shareholders of record on Tuesday, March 31st will be given a $0.0015 dividend. The ex-dividend date of this dividend is Tuesday, March 31st. This represents a c) dividend on an annualized basis and a yield of 0.4%. Mesa Royalty Trust’s dividend payout ratio is presently 25.00%.

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 investment analyst has rated the stock with a Sell rating, According to data from MarketBeat, the stock 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).