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
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
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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