Marine Petroleum Trust (NASDAQ:MARPS – Get Free Report) posted its quarterly earnings results on Thursday. The energy company reported $0.07 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 Price Performance
Shares of Marine Petroleum Trust stock traded up $0.03 during trading on Friday, reaching $5.00. 2,715 shares of the stock traded hands, compared to its average volume of 14,054. The company has a market capitalization of $10 million, a price-to-earnings ratio of 15.63 and a beta of 0.38. The business has a fifty day simple moving average of $5.15 and a two-hundred day simple moving average of $4.72. Marine Petroleum Trust has a 52-week low of $3.70 and a 52-week high of $7.90.
Analysts Set New Price Targets
A number of research firms have commented on MARPS. Wall Street Zen raised Marine Petroleum Trust to a “hold” rating in a 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 equities research analyst has rated the stock with a Hold rating, Based on data from MarketBeat.com, Marine Petroleum Trust has a consensus rating of “Hold”.
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.
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