Equities research analysts at StockNews.com began coverage on shares of Marine Petroleum Trust (NASDAQ:MARPS – Get Free Report) in a research report issued on Saturday. The firm set a “hold” rating on the energy company’s stock.
Marine Petroleum Trust Trading Down 1.7 %
NASDAQ:MARPS opened at $3.89 on Friday. Marine Petroleum Trust has a 12 month low of $3.76 and a 12 month high of $6.50. The firm’s 50 day moving average is $4.01 and its 200 day moving average is $4.02. The stock has a market capitalization of $7.78 million, a PE ratio of 10.52 and a beta of 0.26.
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 for the quarter. The firm had revenue of $0.30 million during the quarter. Marine Petroleum Trust had a net margin of 68.94% and a return on equity of 74.22%.
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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