Marine Petroleum Trust (NASDAQ:MARPS) Sees Large Growth in Short Interest

Marine Petroleum Trust (NASDAQ:MARPS) was the target of a large increase in short interest in the month of December. As of December 31st, there was short interest totaling 14,456 shares, an increase of 36.2% from the December 15th total of 10,611 shares. Based on an average trading volume of 35,990 shares, the short-interest ratio is presently 0.4 days. Currently, 0.7% of the shares of the company are sold short. Currently, 0.7% of the shares of the company are sold short. Based on an average trading volume of 35,990 shares, the short-interest ratio is presently 0.4 days.

Marine Petroleum Trust Stock Performance

NASDAQ MARPS traded up $0.04 during mid-day trading on Friday, reaching $4.43. 24,755 shares of the stock were exchanged, compared to its average volume of 37,395. The stock has a market capitalization of $8.86 million, a PE ratio of 14.29 and a beta of 0.28. The business’s fifty day simple moving average is $4.32 and its 200 day simple moving average is $4.53. Marine Petroleum Trust has a 1-year low of $3.34 and a 1-year high of $7.90.

Marine Petroleum Trust (NASDAQ:MARPS) last issued its quarterly earnings results on Thursday, November 13th. The energy company reported $0.07 earnings per share (EPS) for the quarter. Marine Petroleum Trust had a return on equity of 67.66% and a net margin of 64.77%.The firm had revenue of $0.22 million for the quarter.

Marine Petroleum Trust Cuts Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, December 29th. Shareholders of record on Friday, November 28th were paid a dividend of $0.0491 per share. The ex-dividend date was Friday, November 28th. This represents a $0.20 annualized dividend and a yield of 4.4%. Marine Petroleum Trust’s dividend payout ratio is currently 61.29%.

Analyst Ratings Changes

Separately, Weiss Ratings reissued a “sell (d+)” rating on shares of Marine Petroleum Trust in a report on Monday, December 29th. One research analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, Marine Petroleum Trust currently has a consensus rating of “Sell”.

About Marine Petroleum Trust

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.