Mesa Royalty Trust (NYSE:MTR – Get Free Report) saw a significant decrease in short interest in July. As of July 31st, there was short interest totaling 559 shares, a decrease of 66.5% from the July 15th total of 1,671 shares. Based on an average daily volume of 5,802 shares, the days-to-cover ratio is presently 0.1 days. Approximately 0.0% of the company’s shares are short sold.
Mesa Royalty Trust Stock Performance
Mesa Royalty Trust stock traded up $0.07 during midday trading on Friday, hitting $2.90. 9,080 shares of the company’s stock were exchanged, compared to its average volume of 14,030. The company has a market cap of $5.38 million, a PE ratio of 14.47 and a beta of 0.44. The firm has a 50-day moving average of $3.15 and a two-hundred day moving average of $4.17. Mesa Royalty Trust has a 12 month low of $2.82 and a 12 month high of $5.83.
Mesa Royalty Trust (NYSE:MTR – Get Free Report) last posted its quarterly earnings results on Friday, August 14th. The energy company reported $0.07 EPS for 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
Wall Street Analysts Forecast Growth
Separately, Weiss Ratings upgraded Mesa Royalty Trust from a “sell (d)” rating to a “sell (d+)” rating in a report on Friday, August 7th. One analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the company presently has a consensus rating of “Sell”.
Get Our Latest Research Report on Mesa Royalty Trust
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).
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