Equities researchers at StockNews.com assumed coverage on shares of Marine Petroleum Trust (NASDAQ:MARPS – Get Free Report) in a research report issued on Sunday. The firm set a “hold” rating on the energy company’s stock.
Marine Petroleum Trust Stock Performance
NASDAQ:MARPS opened at $4.05 on Friday. Marine Petroleum Trust has a fifty-two week low of $3.76 and a fifty-two week high of $6.50. The company has a 50 day moving average price of $4.02 and a 200 day moving average price of $4.03. The stock has a market capitalization of $8.10 million, a P/E ratio of 10.95 and a beta of 0.26.
Marine Petroleum Trust (NASDAQ:MARPS – Get Free Report) last posted its earnings results on Tuesday, November 12th. The energy company reported $0.12 earnings per share (EPS) for the quarter. The firm had revenue of $0.30 million for the quarter. Marine Petroleum Trust had a return on equity of 74.22% and a net margin of 68.94%.
About Marine Petroleum Trust
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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