Marine Petroleum Trust (NASDAQ:MARPS – Get Free Report) was the target of a significant growth in short interest in February. As of February 15th, there was short interest totalling 3,200 shares, a growth of 52.4% from the January 31st total of 2,100 shares. Currently, 0.2% of the company’s stock are short sold. Based on an average trading volume of 11,000 shares, the days-to-cover ratio is presently 0.3 days.
Marine Petroleum Trust Price Performance
NASDAQ MARPS traded down $0.01 during mid-day trading on Tuesday, reaching $3.88. The stock had a trading volume of 4,670 shares, compared to its average volume of 13,958. The stock has a market cap of $7.75 million, a PE ratio of 12.50 and a beta of 0.26. Marine Petroleum Trust has a 1 year low of $3.76 and a 1 year high of $6.50. The company has a fifty day moving average price of $4.08 and a 200 day moving average price of $4.03.
Marine Petroleum Trust (NASDAQ:MARPS – Get Free Report) last posted its quarterly earnings results on Thursday, February 13th. The energy company reported $0.04 earnings per share for the quarter. The firm had revenue of $170 billion during the quarter. Marine Petroleum Trust had a return on equity of 63.85% and a net margin of 63.53%.
Marine Petroleum Trust Cuts Dividend
Analyst Upgrades and Downgrades
Separately, StockNews.com assumed coverage on shares of Marine Petroleum Trust in a report on Tuesday, February 25th. They issued a “hold” rating for the company.
Check Out 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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