Marine Petroleum Trust (NASDAQ:MARPS) Releases Quarterly Earnings Results

Marine Petroleum Trust (NASDAQ:MARPS) posted its quarterly earnings data 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 Stock Down 14.6%

Marine Petroleum Trust stock traded down $0.74 during mid-day trading on Thursday, reaching $4.37. The company had a trading volume of 64,119 shares, compared to its average volume of 41,707. Marine Petroleum Trust has a 52 week low of $3.34 and a 52 week high of $7.90. The company has a 50 day moving average of $4.44 and a 200-day moving average of $4.53. The firm has a market cap of $8.73 million, a price-to-earnings ratio of 14.08 and a beta of 0.40.

Analyst Ratings Changes

Separately, Weiss Ratings reissued 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, Based on data from MarketBeat, Marine Petroleum Trust presently has a consensus rating of “Sell”.

About Marine Petroleum Trust

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.