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Thursday, October 22, 2020

Is Now the Time to Invest in Marine Petroleum Trust (NASDAQ:MARPS)?

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Marine Petroleum Trust (MARPS) shares are trading at higher $3.75.

To add more color to this target, the company’s high over the last year is $2.99 and the low is $1.01. Over the last 52 weeks, MARPS is up 72.05% while the S&P 500 is up 18.28%. The catalyst for this interesting swing was the company’s recent earnings report.

A Notable Earnings Report

In the last quarter, MARPS reported a profit of $42000.0. Marine Petroleum Trust also saw revenues increase to $0.22 million. In addition, MARPS has free cash flow of $0.57 million as of 06-2020. The company’s EBITDA came in at $0.18 million which compares well with its peers.

MARPS booked profit margins of 72.80%, its Return on Equity (ROE) is 60.70%, and its Return on Assets is 60.70%. All told, it is clear that, MARPS needs to be on your watchlist.

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Of course, we must look beyond the financials and question how well those numbers represent the sustainable earnings power of the business. Investors need to know how sustainable this current run. MARPS has a short ratio of 0.03 and outstanding shares of 2.00M.

Company Outlook

MARPS has seen increased volume after this news and investors are putting their support behind the value proposition. Furthermore, 10-day volume stands at 0.89 million and more growth is possible in the weeks ahead. Traders will also note the company’s earnings per share came in at 0.29. Marine Petroleum Trust MARPS also noted assets of $0.94 million at the end of the last quarter. Investors should also keep an eye on sector updates as MARPS has historically followed its peers on positive news.

All told, Marine Petroleum Trust MARPS has strung together solid data and demonstrated underlying fundamentals. At its current valuation, MARPS represents an interesting risk/reward case. Traders should stay tuned to see if this recent report will push the stock to test recent resistance levels.

Marine Petroleum Trust MARPS is now commanding a market cap of 3.60M and a float of 1.61M. MARPS is increasing its credibility in this sector and that could lead to more upside down the line. Sign-up for continuing coverage on shares of MARPS stock, as well as other hot stock picks, get our free newsletter today and get our next breakout pick!

Disclosure: we hold no position in MARPS, either long or short, and we have not been compensated for this article.

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