Investment analysts at StockNews.com initiated coverage on shares of Marine Petroleum Trust (NASDAQ:MARPS – Get Free Report) in a research report issued on Saturday. The firm set a “hold” rating on the energy company’s stock.
Marine Petroleum Trust Stock Up 0.5 %
MARPS stock opened at $3.91 on Friday. The stock has a market capitalization of $7.82 million, a price-to-earnings ratio of 9.78 and a beta of 0.17. The stock’s fifty day simple moving average is $4.22 and its 200-day simple moving average is $4.32. Marine Petroleum Trust has a 52-week low of $3.77 and a 52-week high of $6.54.
Marine Petroleum Trust (NASDAQ:MARPS – Get Free Report) last released its earnings results on Tuesday, May 14th. The energy company reported $0.06 earnings per share (EPS) for the quarter. Marine Petroleum Trust had a net margin of 70.95% and a return on equity of 83.39%. The business had revenue of $0.25 million for the quarter.
Marine Petroleum Trust Company Profile
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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