StockNews.com started coverage on shares of Marine Petroleum Trust (NASDAQ:MARPS – Get Free Report) in a note issued to investors on Sunday. The brokerage set a “hold” rating on the energy company’s stock.
Marine Petroleum Trust Stock Down 2.5 %
MARPS opened at $3.85 on Friday. Marine Petroleum Trust has a fifty-two week low of $3.77 and a fifty-two week high of $6.50. The firm has a market cap of $7.70 million, a price-to-earnings ratio of 9.63 and a beta of 0.23. The company’s 50-day moving average price is $4.14 and its 200 day moving average price is $4.30.
Marine Petroleum Trust (NASDAQ:MARPS – Get Free Report) last posted its earnings results on Tuesday, May 14th. The energy company reported $0.06 EPS for the quarter. Marine Petroleum Trust had a net margin of 70.95% and a return on equity of 83.39%. The firm had revenue of $0.25 million during the quarter.
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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