Analysts at StockNews.com initiated coverage on shares of Marine Petroleum Trust (NASDAQ:MARPS – Get Free Report) in a research report issued on Sunday. The brokerage set a “hold” rating on the energy company’s stock.
Marine Petroleum Trust Price Performance
Shares of NASDAQ:MARPS opened at $3.81 on Friday. Marine Petroleum Trust has a 12-month low of $3.77 and a 12-month high of $6.50. The firm has a fifty day moving average of $4.00 and a two-hundred day moving average of $3.99.
Marine Petroleum Trust (NASDAQ:MARPS – Get Free Report) last posted its earnings results on Monday, September 30th. The energy company reported $0.09 earnings per share for the quarter. The firm had revenue of $0.23 million during 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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