Mesa Royalty Trust (NYSE:MTR) Short Interest Down 62.1% in May

Mesa Royalty Trust (NYSE:MTR) was the target of a large drop in short interest in the month of May. As of May 29th, there was short interest totaling 533 shares, a drop of 62.1% from the May 14th total of 1,405 shares. Based on an average trading volume of 5,532 shares, the short-interest ratio is presently 0.1 days. Approximately 0.0% of the company’s shares are short sold.

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 analyst has rated the stock with a Sell rating, According to MarketBeat, Mesa Royalty Trust currently has a consensus rating of “Sell”.

Mesa Royalty Trust Price Performance

NYSE:MTR traded up $0.04 during midday trading on Friday, reaching $3.66. The stock had a trading volume of 6,595 shares, compared to its average volume of 7,230. Mesa Royalty Trust has a 1-year low of $3.60 and a 1-year high of $10.42. The firm’s fifty day simple moving average is $4.32 and its 200-day simple moving average is $4.60. The stock has a market capitalization of $6.82 million, a P/E ratio of 18.30 and a beta of 0.41.

Mesa Royalty Trust (NYSE:MTR) last released its quarterly earnings data on Monday, March 30th. The energy company reported $0.04 EPS for the quarter. The company had revenue of $0.14 million during the quarter. Mesa Royalty Trust had a net margin of 65.19% and a return on equity of 11.24%.

Mesa Royalty Trust Dividend Announcement

The company also recently declared a monthly dividend, which will be paid on Friday, July 31st. Shareholders of record on Friday, May 29th will be given a dividend of $0.0403 per share. This represents a c) annualized dividend and a yield of 13.2%. The ex-dividend date of this dividend is Friday, May 29th. Mesa Royalty Trust’s dividend payout ratio is 145.00%.

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).