Wall Street Zen Upgrades Marine Petroleum Trust (NASDAQ:MARPS) to Hold

Marine Petroleum Trust (NASDAQ:MARPS) was upgraded by research analysts at Wall Street Zen to a “hold” rating in a research report issued on Saturday.

Separately, Weiss Ratings upgraded shares of Marine Petroleum Trust from a “sell (d+)” rating to a “hold (c)” rating in a report on Tuesday, February 17th. One analyst has rated the stock with a Hold rating, According to MarketBeat.com, Marine Petroleum Trust has an average rating of “Hold”.

Marine Petroleum Trust Stock Performance

NASDAQ:MARPS opened at $5.31 on Friday. The firm has a market cap of $10.62 million, a P/E ratio of 14.35 and a beta of 0.38. Marine Petroleum Trust has a fifty-two week low of $3.34 and a fifty-two week high of $7.90. The firm has a 50-day simple moving average of $4.78 and a two-hundred day simple moving average of $4.60.

Marine Petroleum Trust (NASDAQ:MARPS) last issued its earnings results on Thursday, February 12th. The energy company reported $0.10 earnings per share (EPS) for the quarter. Marine Petroleum Trust had a net margin of 68.98% and a return on equity of 77.05%. The firm had revenue of $0.27 million for the quarter.

Institutional Trading of Marine Petroleum Trust

A hedge fund recently bought a new stake in Marine Petroleum Trust stock. Azzad Asset Management Inc. ADV acquired a new stake in shares of Marine Petroleum Trust (NASDAQ:MARPS) in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 24,600 shares of the energy company’s stock, valued at approximately $102,000. Azzad Asset Management Inc. ADV owned about 1.23% of Marine Petroleum Trust as of its most recent SEC filing. 1.76% of the stock is currently owned by institutional investors and hedge funds.

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.