Marine Petroleum Trust (NASDAQ:MARPS) Upgraded to “Hold” at Wall Street Zen

Marine Petroleum Trust (NASDAQ:MARPS) was upgraded by stock analysts at Wall Street Zen to a “hold” rating in a report released on Saturday.

Separately, Weiss Ratings raised shares of Marine Petroleum Trust from a “sell (d+)” rating to a “hold (c)” rating in a report on Tuesday, February 17th. One research analyst has rated the stock with a Hold rating, According to MarketBeat.com, the company currently has an average rating of “Hold”.

Marine Petroleum Trust Trading Up 3.3%

Shares of MARPS opened at $5.31 on Friday. The firm has a market cap of $10.62 million, a PE ratio of 14.35 and a beta of 0.38. Marine Petroleum Trust has a 12 month low of $3.34 and a 12 month high of $7.90. The stock has a fifty day moving average price of $4.78 and a 200-day moving average price of $4.60.

Marine Petroleum Trust (NASDAQ:MARPS) last posted its quarterly earnings data on Thursday, February 12th. The energy company reported $0.10 earnings per share (EPS) for the quarter. The firm had revenue of $0.27 million for the quarter. Marine Petroleum Trust had a net margin of 68.98% and a return on equity of 77.05%.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in Marine Petroleum Trust stock. Azzad Asset Management Inc. ADV acquired a new stake in Marine Petroleum Trust (NASDAQ:MARPS) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 24,600 shares of the energy company’s stock, valued at approximately $102,000. Azzad Asset Management Inc. ADV owned approximately 1.23% of Marine Petroleum Trust at the end of the most recent quarter. Hedge funds and other institutional investors own 1.76% of the company’s stock.

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.