Marine Petroleum Trust (NASDAQ:MARPS – Get Free Report) was the target of a significant decrease in short interest during the month of September. As of September 30th, there was short interest totaling 1,456 shares, a decrease of 54.4% from the September 15th total of 3,192 shares. Currently, 0.1% of the shares of the stock are short sold. Based on an average daily volume of 4,749 shares, the days-to-cover ratio is currently 0.3 days.
Marine Petroleum Trust Trading Up 1.1%
MARPS stock traded up $0.05 during midday trading on Tuesday, hitting $4.38. 4,851 shares of the company’s stock were exchanged, compared to its average volume of 33,013. The firm has a 50 day moving average price of $4.53 and a 200-day moving average price of $4.77. Marine Petroleum Trust has a 12-month low of $4.04 and a 12-month high of $6.49. The stock has a market capitalization of $8.76 million, a price-to-earnings ratio of 12.88 and a beta of 0.37.
Marine Petroleum Trust (NASDAQ:MARPS – Get Free Report) last announced its quarterly earnings data on Friday, September 25th. The energy company reported $0.10 earnings per share for the quarter. Marine Petroleum Trust had a return on equity of 69.15% and a net margin of 67.00%. The firm had revenue of $0.26 million during the quarter.
Marine Petroleum Trust Cuts Dividend
Hedge Funds Weigh In On Marine Petroleum Trust
An institutional investor recently bought a new stake in Marine Petroleum Trust stock. Welch Group LLC acquired a new stake in Marine Petroleum Trust (NASDAQ:MARPS – Free Report) in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 15,956 shares of the energy company’s stock, valued at approximately $85,000. Welch Group LLC owned approximately 0.80% of Marine Petroleum Trust at the end of the most recent reporting period. 1.76% of the stock is owned by institutional investors and hedge funds.
Wall Street Analyst Weigh In
Separately, Weiss Ratings upgraded shares of Marine Petroleum Trust from a “hold (c-)” rating to a “hold (c)” rating in a report on Monday, September 28th. One equities research analyst has rated the stock with a Hold rating. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold”.
View Our Latest Research Report on Marine Petroleum Trust
Marine Petroleum Trust Company Profile
Marine Petroleum Trust is a grantor trust that owns royalty interests in oil and natural gas properties located in the Gulf of Mexico, primarily offshore Louisiana. The trust does not explore for, develop, or operate oil and gas properties itself. Instead, it receives royalty payments based on production from properties operated by third-party lessees.
The trust’s income is derived from its interests in offshore wells and is generally distributed to its beneficial owners after the payment of trust expenses and other obligations.
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