StockNews.com assumed coverage on shares of Marine Petroleum Trust (NASDAQ:MARPS – Get Free Report) in a note issued to investors on Friday. The firm set a “hold” rating on the energy company’s stock.
Marine Petroleum Trust Price Performance
NASDAQ MARPS opened at $4.10 on Friday. Marine Petroleum Trust has a 52-week low of $3.76 and a 52-week high of $6.50. The firm has a 50-day moving average price of $4.01 and a 200 day moving average price of $4.01.
Marine Petroleum Trust (NASDAQ:MARPS – Get Free Report) last announced its quarterly earnings data on Tuesday, November 12th. The energy company reported $0.12 earnings per share for the quarter. The firm had revenue of $0.30 million for the quarter. Marine Petroleum Trust had a return on equity of 74.22% and a net margin of 68.94%.
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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