Marine Petroleum Trust (NASDAQ:MARPS) Releases Earnings Results

Marine Petroleum Trust (NASDAQ:MARPS) released its earnings results on Thursday. The energy company reported $0.07 EPS for the quarter, Zacks reports. Marine Petroleum Trust had a return on equity of 66.15% and a net margin of 65.28%.The firm had revenue of $0.23 million during the quarter.

Marine Petroleum Trust Price Performance

NASDAQ:MARPS traded up $0.03 during trading hours on Friday, reaching $5.00. The company had a trading volume of 2,715 shares, compared to its average volume of 14,054. Marine Petroleum Trust has a 1-year low of $3.70 and a 1-year high of $7.90. The firm has a market cap of $10 million, a PE ratio of 15.63 and a beta of 0.38. The business’s 50 day moving average price is $5.15 and its 200-day moving average price is $4.72.

Analysts Set New Price Targets

A number of brokerages have issued reports on MARPS. Weiss Ratings raised Marine Petroleum Trust from a “sell (d+)” rating to a “hold (c)” rating in a report on Tuesday, February 17th. Wall Street Zen raised Marine Petroleum Trust to a “hold” rating in a report on Saturday, March 21st. One research analyst has rated the stock with a Hold rating, According to MarketBeat.com, the stock has an average 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.