Research analysts at StockNews.com initiated coverage on shares of Marine Petroleum Trust (NASDAQ:MARPS – Get Free Report) in a report issued on Thursday. The firm set a “hold” rating on the energy company’s stock.
Marine Petroleum Trust Trading Down 1.5 %
Shares of NASDAQ MARPS opened at $3.89 on Thursday. Marine Petroleum Trust has a 12 month low of $3.77 and a 12 month high of $6.50. The stock has a market cap of $7.90 million, a price-to-earnings ratio of 10.51 and a beta of 0.24. The company has a 50 day simple moving average of $4.06 and a two-hundred day simple moving average of $4.04.
Marine Petroleum Trust (NASDAQ:MARPS – Get Free Report) last announced its earnings results on Monday, September 30th. The energy company reported $0.09 earnings per share for the quarter. The business had revenue of $0.23 million during 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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