Equities researchers at StockNews.com initiated coverage on shares of Marine Petroleum Trust (NASDAQ:MARPS – Get Free Report) in a report released on Monday. The brokerage set a “hold” rating on the energy company’s stock.
Marine Petroleum Trust Stock Performance
NASDAQ MARPS opened at $3.79 on Monday. Marine Petroleum Trust has a 52 week low of $3.77 and a 52 week high of $6.50. The stock has a market capitalization of $7.58 million, a P/E ratio of 10.24 and a beta of 0.25. The stock has a fifty day moving average of $3.96 and a 200-day moving average of $3.98.
Marine Petroleum Trust (NASDAQ:MARPS – Get Free Report) last announced its quarterly earnings data on Monday, September 30th. The energy company reported $0.09 earnings per share for the quarter. Marine Petroleum Trust had a return on equity of 74.22% and a net margin of 68.94%. The firm had revenue of $0.23 million during 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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