Marine Petroleum Trust (NASDAQ:MARPS) Issues Earnings Results

Marine Petroleum Trust (NASDAQ:MARPS) announced its quarterly earnings results on Thursday. The energy company reported $0.10 EPS for the quarter, Zacks reports. Marine Petroleum Trust had a return on equity of 67.66% and a net margin of 64.77%.

Marine Petroleum Trust Price Performance

Shares of NASDAQ MARPS traded down $0.74 during midday trading on Thursday, hitting $4.37. 64,119 shares of the company’s stock were exchanged, compared to its average volume of 41,707. Marine Petroleum Trust has a twelve month low of $3.34 and a twelve month high of $7.90. The firm has a market cap of $8.73 million, a P/E ratio of 14.08 and a beta of 0.40. The stock’s 50 day moving average price is $4.44 and its 200-day moving average price is $4.53.

Analyst Ratings Changes

Separately, Weiss Ratings restated a “sell (d+)” rating on shares of Marine Petroleum Trust in a research note on Monday, December 29th. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the company currently has a consensus rating of “Sell”.

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.