Marine Petroleum Trust (NASDAQ:MARPS – Get Free Report) posted its quarterly earnings data on Thursday. The energy company reported $0.07 EPS for the quarter, Zacks reports. The business had revenue of $0.23 million during the quarter. Marine Petroleum Trust had a return on equity of 66.15% and a net margin of 65.28%.
Marine Petroleum Trust Stock Up 0.6%
Shares of Marine Petroleum Trust stock traded up $0.03 on Friday, reaching $5.00. The company’s stock had a trading volume of 2,715 shares, compared to its average volume of 14,054. The company has a market capitalization of $10 million, a P/E ratio of 15.63 and a beta of 0.38. Marine Petroleum Trust has a 52-week low of $3.70 and a 52-week high of $7.90. The stock has a 50-day moving average price of $5.15 and a 200-day moving average price of $4.72.
Wall Street Analysts Forecast Growth
A number of research firms have recently commented on MARPS. Weiss Ratings upgraded Marine Petroleum Trust from a “sell (d+)” rating to a “hold (c)” rating in a research report on Tuesday, February 17th. Wall Street Zen upgraded 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, Marine Petroleum Trust presently 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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