Marine Petroleum Trust (NASDAQ:MARPS – Get Free Report) issued its quarterly earnings data on Thursday. The energy company reported $0.07 earnings per share (EPS) for the quarter, Zacks reports. The business had revenue of $0.23 million for the quarter. Marine Petroleum Trust had a return on equity of 66.15% and a net margin of 65.28%.
Marine Petroleum Trust Stock Performance
MARPS stock traded up $0.03 on Friday, hitting $5.00. 2,715 shares of the company’s stock were exchanged, compared to its average volume of 14,054. The firm has a 50 day moving average price of $5.15 and a two-hundred day moving average price of $4.72. Marine Petroleum Trust has a 12-month low of $3.70 and a 12-month high of $7.90. The stock has a market cap of $10 million, a P/E ratio of 15.63 and a beta of 0.38.
Analyst Ratings Changes
Several equities analysts recently issued reports on MARPS shares. Wall Street Zen upgraded Marine Petroleum Trust to a “hold” rating in a research report on Saturday, March 21st. Weiss Ratings raised Marine Petroleum Trust from a “sell (d+)” rating to a “hold (c)” rating in a report on Tuesday, February 17th. One investment analyst has rated the stock with a Hold rating, According to MarketBeat, the stock has a consensus rating of “Hold”.
Marine Petroleum Trust Company Profile
Marine Petroleum Trust is a royalty trust that holds overriding royalty interests in petroleum and natural gas production assets on Alaska’s North Slope. Established in 1998, the trust’s primary asset is its net profits interest in the Nikaitchuq Unit, a large oil field operated under state and federal leases. Rather than engaging in exploration or production itself, Marine Petroleum Trust receives income in the form of royalties and net profits from production activities carried out by the unit operator.
The trust’s revenues are generated solely by hydrocarbons extracted from the Nikaitchuq field, with crude oil transported via the Trans-Alaska Pipeline System.
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