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

Posted by Frank Smitson on Jul 27th, 2024

Marine Petroleum Trust (NASDAQ:MARPS – Get Free Report) saw a significant drop in short interest during the month of July. As of July 15th, there was short interest totalling 200 shares, a drop of 92.9% from the June 30th total of 2,800 shares. Currently, 0.0% of the shares of the company are short sold. Based on an average daily volume of 7,500 shares, the days-to-cover ratio is presently 0.0 days.

Marine Petroleum Trust Stock Performance

Shares of MARPS stock opened at $3.90 on Friday. The stock’s 50-day moving average is $4.00 and its two-hundred day moving average is $4.25. The firm has a market cap of $7.80 million, a price-to-earnings ratio of 9.75 and a beta of 0.23. Marine Petroleum Trust has a 1 year low of $3.77 and a 1 year high of $6.50.

Marine Petroleum Trust (NASDAQ:MARPS – Get Free Report) last released its quarterly earnings results on Tuesday, May 14th. The energy company reported $0.06 earnings per share (EPS) for the quarter. Marine Petroleum Trust had a return on equity of 83.39% and a net margin of 70.95%. The firm had revenue of $0.25 million for the quarter.

Marine Petroleum Trust Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, June 28th. Investors of record on Friday, May 31st were issued a dividend of $0.056 per share. This represents a $0.22 dividend on an annualized basis and a dividend yield of 5.74%. The ex-dividend date was Friday, May 31st. Marine Petroleum Trust’s dividend payout ratio is currently 55.00%.

Analyst Upgrades and Downgrades

Separately, StockNews.com started coverage on Marine Petroleum Trust in a report on Wednesday. They set a “hold” rating on the stock.

Check Out Our Latest Stock Analysis on MARPS

About Marine Petroleum Trust

(Get Free Report)

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.