Marine Petroleum Trust (NASDAQ:MARPS) Upgraded at Wall Street Zen

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

Separately, Weiss Ratings upgraded shares of Marine Petroleum Trust from a “sell (d+)” rating to a “hold (c)” rating in a report on Tuesday, February 17th. One investment analyst has rated the stock with a Hold rating, Based on data from MarketBeat, Marine Petroleum Trust presently has a consensus rating of “Hold”.

Marine Petroleum Trust Stock Performance

Shares of MARPS opened at $5.31 on Friday. The stock has a market capitalization of $10.62 million, a PE ratio of 14.35 and a beta of 0.38. Marine Petroleum Trust has a 1 year low of $3.34 and a 1 year high of $7.90. The company’s 50-day simple moving average is $4.78 and its 200-day simple moving average is $4.60.

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

Hedge Funds Weigh In On Marine Petroleum Trust

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

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.