Marine Petroleum Trust (NASDAQ:MARPS) Sees Significant Drop in Short Interest

Marine Petroleum Trust (NASDAQ:MARPS) was the target of a large decline in short interest in April. As of April 30th, there was short interest totaling 8,364 shares, a decline of 58.5% from the April 15th total of 20,165 shares. Currently, 0.4% of the company’s stock are short sold. Based on an average trading volume of 19,481 shares, the days-to-cover ratio is currently 0.4 days.

Institutional Trading of Marine Petroleum Trust

An institutional investor recently bought a new position in Marine Petroleum Trust stock. Azzad Asset Management Inc. ADV acquired a new stake in Marine Petroleum Trust (NASDAQ:MARPS) during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 24,600 shares of the energy company’s stock, valued at approximately $102,000. Azzad Asset Management Inc. ADV owned approximately 1.23% of Marine Petroleum Trust at the end of the most recent quarter. Institutional investors own 1.76% of the company’s stock.

Analysts Set New Price Targets

Several research firms have weighed in on MARPS. Weiss Ratings raised Marine Petroleum Trust from a “sell (d+)” rating to a “hold (c)” rating in a research report on Tuesday, February 17th. Wall Street Zen raised Marine Petroleum Trust to a “hold” rating in a research report on Saturday, March 21st. One equities research analyst has rated the stock with a Hold rating, According to data from MarketBeat.com, the stock has a consensus rating of “Hold”.

Marine Petroleum Trust Stock Performance

Shares of Marine Petroleum Trust stock traded up $0.03 during midday trading on Friday, hitting $5.00. The company had a trading volume of 2,715 shares, compared to its average volume of 14,054. The stock has a market capitalization of $10 million, a P/E ratio of 15.63 and a beta of 0.38. The company has a 50 day moving average of $5.15 and a 200 day moving average of $4.72. Marine Petroleum Trust has a 52-week low of $3.70 and a 52-week high of $7.90.

Marine Petroleum Trust (NASDAQ:MARPS) last posted its quarterly earnings results on Thursday, May 14th. The energy company reported $0.07 earnings per share for the quarter. The company 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 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.