Marine Petroleum Trust (NASDAQ:MARPS – Get Free Report) was the recipient of a large growth in short interest in October. As of October 15th, there was short interest totaling 9,752 shares, a growth of 569.8% from the September 30th total of 1,456 shares. Approximately 0.5% of the company’s stock are short sold. Based on an average daily volume of 4,025 shares, the days-to-cover ratio is currently 2.4 days.
Marine Petroleum Trust Stock Performance
MARPS stock traded down $0.07 during trading on Tuesday, reaching $4.23. The company had a trading volume of 698 shares, compared to its average volume of 31,753. The firm has a 50-day simple moving average of $4.46 and a 200-day simple moving average of $4.75. The company has a market cap of $8.46 million, a price-to-earnings ratio of 12.44 and a beta of 0.37. Marine Petroleum Trust has a twelve month low of $4.04 and a twelve month high of $6.49.
Marine Petroleum Trust (NASDAQ:MARPS – Get Free Report) last posted its quarterly earnings results on Friday, September 25th. The energy company reported $0.10 earnings per share (EPS) for the quarter. Marine Petroleum Trust had a net margin of 67.00% and a return on equity of 69.15%. The business had revenue of $0.26 million during the quarter.
Marine Petroleum Trust Cuts Dividend
The company also recently announced a quarterly dividend, which was paid on Monday, September 28th. Investors of record on Monday, August 31st were given a $0.0954 dividend. This represents a $0.38 annualized dividend and a dividend yield of 9.0%. The ex-dividend date of this dividend was Monday, August 31st. This is a negative change from Marine Petroleum Trust’s previous quarterly dividend of $0.0965. Marine Petroleum Trust’s payout ratio is currently 111.76%.
Analyst Upgrades and Downgrades
Separately, Weiss Ratings raised Marine Petroleum Trust from a “hold (c-)” rating to a “hold (c)” rating in a research report on Monday, September 28th. One investment analyst has rated the stock with a Hold rating. According to data from MarketBeat, the company currently has an average rating of “Hold”.
Read Our Latest Stock Report on Marine Petroleum Trust
Marine Petroleum Trust Company Profile
Marine Petroleum Trust is a publicly traded royalty trust organized to receive income from oil and natural gas properties. The trust does not operate drilling rigs or provide energy services directly; instead, it holds royalty interests in producing and prospective oil and gas assets and distributes the resulting proceeds to its unit holders after expenses and other obligations.
The trust’s interests are primarily associated with offshore properties in the Gulf of Mexico, including areas off the coasts of Louisiana and Texas.
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