StockNews.com started coverage on shares of Marine Petroleum Trust (NASDAQ:MARPS – Get Free Report) in a research note issued to investors on Tuesday. The brokerage set a “hold” rating on the energy company’s stock.
Marine Petroleum Trust Price Performance
Marine Petroleum Trust stock opened at $4.02 on Tuesday. The company’s 50-day moving average is $4.06 and its 200-day moving average is $4.03. The firm has a market capitalization of $8.04 million, a PE ratio of 12.97 and a beta of 0.26. 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 posted its quarterly earnings results on Thursday, February 13th. The energy company reported $0.04 EPS for the quarter. The business had revenue of $170 billion during the quarter. Marine Petroleum Trust had a return on equity of 63.85% and a net margin of 63.53%.
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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