Investment analysts at StockNews.com assumed coverage on shares of Marine Petroleum Trust (NASDAQ:MARPS – Get Free Report) in a research note issued to investors on Sunday. The firm set a “hold” rating on the energy company’s stock.
Marine Petroleum Trust Trading Up 1.3 %
Shares of NASDAQ:MARPS opened at $3.86 on Friday. The stock has a market cap of $7.72 million, a PE ratio of 10.43 and a beta of 0.25. The stock’s fifty day simple moving average is $3.98 and its two-hundred day simple moving average is $3.99. Marine Petroleum Trust has a 1-year low of $3.77 and a 1-year high of $6.50.
Marine Petroleum Trust (NASDAQ:MARPS – Get Free Report) last released its quarterly earnings results on Monday, September 30th. The energy company reported $0.09 earnings per share for the quarter. Marine Petroleum Trust had a net margin of 68.94% and a return on equity of 74.22%. The company had revenue of $0.23 million 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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