StockNews.com assumed coverage on shares of Marine Petroleum Trust (NASDAQ:MARPS – Get Free Report) in a research report issued on Friday. The brokerage set a “hold” rating on the energy company’s stock.
Marine Petroleum Trust Stock Down 2.8 %
Shares of MARPS opened at $4.10 on Friday. Marine Petroleum Trust has a 52-week low of $3.76 and a 52-week high of $6.50. The stock has a 50 day moving average price of $4.01 and a 200 day moving average price of $4.01.
Marine Petroleum Trust (NASDAQ:MARPS – Get Free Report) last issued its earnings results on Tuesday, November 12th. The energy company reported $0.12 earnings per share (EPS) for the quarter. Marine Petroleum Trust had a net margin of 68.94% and a return on equity of 74.22%. The business had revenue of $0.30 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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