Mesa Royalty Trust (NYSE:MTR) Short Interest Update

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

Mesa Royalty Trust Trading Down 5.5%

Shares of MTR traded down $0.25 during trading hours on Thursday, reaching $4.33. 21,356 shares of the stock traded hands, compared to its average volume of 19,776. The company has a market cap of $8.07 million, a P/E ratio of 18.83 and a beta of 0.45. The company’s 50-day moving average price is $4.51 and its two-hundred day moving average price is $5.11. 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 posted its quarterly earnings results on Thursday, November 13th. The energy company reported $0.05 EPS for the quarter. The business had revenue of $0.13 million for the quarter. Mesa Royalty Trust had a return on equity of 13.63% and a net margin of 76.84%.

Mesa Royalty Trust Dividend Announcement

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

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reaffirmed a “sell (d)” rating on shares of Mesa Royalty Trust in a research note on Monday, December 29th. One investment analyst has rated the stock with a Sell rating, According to MarketBeat, Mesa Royalty Trust presently has an average 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).