Marine Petroleum Trust (NASDAQ:MARPS) Short Interest Update

Marine Petroleum Trust (NASDAQ:MARPS) was the target of a large growth in short interest in the month of December. As of December 31st, there was short interest totaling 14,456 shares, a growth of 36.2% from the December 15th total of 10,611 shares. Based on an average daily volume of 35,990 shares, the days-to-cover ratio is presently 0.4 days. Approximately 0.7% of the shares of the company are short sold. Approximately 0.7% of the shares of the company are short sold. Based on an average daily volume of 35,990 shares, the days-to-cover ratio is presently 0.4 days.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Marine Petroleum Trust in a research note on Monday, December 29th. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the company has an average rating of “Sell”.

Marine Petroleum Trust Stock Performance

MARPS traded up $0.04 during trading on Friday, reaching $4.43. The company had a trading volume of 24,755 shares, compared to its average volume of 37,395. The firm’s 50-day simple moving average is $4.32 and its 200 day simple moving average is $4.53. Marine Petroleum Trust has a 12-month low of $3.34 and a 12-month high of $7.90. The company has a market cap of $8.86 million, a price-to-earnings ratio of 14.29 and a beta of 0.28.

Marine Petroleum Trust (NASDAQ:MARPS) last announced its earnings results on Thursday, November 13th. The energy company reported $0.07 earnings per share (EPS) for the quarter. The company had revenue of $0.22 million for the quarter. Marine Petroleum Trust had a net margin of 64.77% and a return on equity of 67.66%.

Marine Petroleum Trust Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, December 29th. Shareholders of record on Friday, November 28th were given a $0.0491 dividend. This represents a $0.20 annualized dividend and a yield of 4.4%. The ex-dividend date of this dividend was Friday, November 28th. Marine Petroleum Trust’s dividend payout ratio is presently 61.29%.

About Marine Petroleum Trust

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.