Analysts at StockNews.com began coverage on shares of Marine Petroleum Trust (NASDAQ:MARPS – Get Free Report) in a research note issued to investors on Friday. The brokerage set a “hold” rating on the energy company’s stock.
Marine Petroleum Trust Stock Up 0.8 %
Shares of NASDAQ:MARPS opened at $3.97 on Friday. The business’s 50 day moving average is $4.07 and its 200 day moving average is $4.03. The stock has a market cap of $7.94 million, a P/E ratio of 10.73 and a beta of 0.24. Marine Petroleum Trust has a 52-week low of $3.77 and a 52-week high of $6.50.
Marine Petroleum Trust (NASDAQ:MARPS – Get Free Report) last posted its quarterly earnings results on Monday, September 30th. The energy company reported $0.09 earnings per share (EPS) for the quarter. The business had revenue of $0.23 million for the quarter. Marine Petroleum Trust had a return on equity of 74.22% and a net margin of 68.94%.
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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