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

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

Marine Petroleum Trust Stock Up 0.6%

NASDAQ:MARPS traded up $0.03 on Friday, reaching $5.00. 2,715 shares of the company’s stock were exchanged, compared to its average volume of 14,054. The firm has a market capitalization of $10 million, a price-to-earnings ratio of 15.63 and a beta of 0.38. The business has a fifty day moving average of $5.15 and a 200-day moving average of $4.72. Marine Petroleum Trust has a 52-week low of $3.70 and a 52-week high of $7.90.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on MARPS shares. Weiss Ratings raised shares of Marine Petroleum Trust from a “sell (d+)” rating to a “hold (c)” rating in a research report on Tuesday, February 17th. Wall Street Zen raised shares of 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 data from MarketBeat.com, the company has a consensus 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.