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

Marine Petroleum Trust (NASDAQ:MARPS) was the recipient of a large decline in short interest during the month of 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. Based on an average daily volume of 19,481 shares, the days-to-cover ratio is presently 0.4 days. Approximately 0.4% of the shares of the stock are short sold.

Marine Petroleum Trust Stock Up 0.6%

Shares of Marine Petroleum Trust stock opened at $5.00 on Friday. Marine Petroleum Trust has a 12 month low of $3.70 and a 12 month high of $7.90. The business has a fifty day simple moving average of $5.15 and a 200 day simple moving average of $4.72. The stock has a market cap of $10 million, a PE ratio of 15.63 and a beta of 0.38.

Marine Petroleum Trust (NASDAQ:MARPS) last announced its quarterly earnings data on Thursday, May 14th. The energy company reported $0.07 EPS for the quarter. Marine Petroleum Trust had a return on equity of 66.15% and a net margin of 65.28%.The business had revenue of $0.23 million during the quarter.

Analysts Set New Price Targets

MARPS has been the subject of several research analyst reports. 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 investment analyst has rated the stock with a Hold rating, According to MarketBeat.com, Marine Petroleum Trust presently has an average rating of “Hold”.

Institutional Investors Weigh In On Marine Petroleum Trust

An institutional investor recently bought a new position in Marine Petroleum Trust stock. Welch Group LLC acquired a new position in shares of Marine Petroleum Trust (NASDAQ:MARPS) in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 15,956 shares of the energy company’s stock, valued at approximately $85,000. Welch Group LLC owned 0.80% of Marine Petroleum Trust as of its most recent SEC filing. 1.76% of the stock is currently owned by institutional investors.

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.