Marine Petroleum Trust (NASDAQ:MARPS – Get Free Report) was the target of a large growth in short interest in the month of June. As of June 30th, there was short interest totalling 2,800 shares, a growth of 460.0% from the June 15th total of 500 shares. Currently, 0.2% of the company’s shares are sold short. Based on an average trading volume of 16,500 shares, the short-interest ratio is currently 0.2 days.
Marine Petroleum Trust Price Performance
Marine Petroleum Trust stock traded down $0.06 during mid-day trading on Thursday, hitting $3.88. 2,094 shares of the company’s stock traded hands, compared to its average volume of 11,619. The firm has a 50 day simple moving average of $4.08 and a two-hundred day simple moving average of $4.28. Marine Petroleum Trust has a fifty-two week low of $3.77 and a fifty-two week high of $6.50. The stock has a market cap of $7.75 million, a price-to-earnings ratio of 9.69 and a beta of 0.23.
Marine Petroleum Trust (NASDAQ:MARPS – Get Free Report) last issued its quarterly earnings results on Tuesday, May 14th. The energy company reported $0.06 EPS for the quarter. Marine Petroleum Trust had a return on equity of 83.39% and a net margin of 70.95%. The company had revenue of $0.25 million for the quarter.
Marine Petroleum Trust Cuts Dividend
Analysts Set New Price Targets
Separately, StockNews.com initiated coverage on Marine Petroleum Trust in a research note on Monday. They set a “hold” rating for the company.
View Our Latest Stock Analysis on Marine Petroleum Trust
About Marine Petroleum Trust
Marine Petroleum Trust, together with its subsidiary, Marine Petroleum Corporation, operates as a royalty trust in the United States. It has overriding royalty interest in oil and natural gas leases in the Central and Western areas of the Gulf of Mexico off the coasts of Louisiana and Texas. Marine Petroleum Trust was founded in 1956 and is based in Dallas, Texas.
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