Equities researchers at StockNews.com began coverage on shares of Marine Petroleum Trust (NASDAQ:MARPS – Get Free Report) in a report issued on Friday. The firm set a “hold” rating on the energy company’s stock.
Marine Petroleum Trust Price Performance
Shares of Marine Petroleum Trust stock opened at $3.92 on Friday. The company’s 50 day moving average price is $4.04 and its two-hundred day moving average price is $4.01. The firm has a market capitalization of $7.84 million, a P/E ratio of 12.65 and a beta of 0.18. Marine Petroleum Trust has a fifty-two week low of $3.76 and a fifty-two week high of $6.50.
Marine Petroleum Trust (NASDAQ:MARPS – Get Free Report) last released its quarterly earnings data on Thursday, February 13th. The energy company reported $0.04 earnings per share for the quarter. Marine Petroleum Trust had a return on equity of 63.85% and a net margin of 63.53%. The company had revenue of $170 billion for the quarter.
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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