Marine Petroleum Trust (NASDAQ:MARPS) Coverage Initiated at StockNews.com

Equities researchers at StockNews.com started coverage on shares of Marine Petroleum Trust (NASDAQ:MARPS) in a research report issued to clients and investors on Friday. The brokerage set a “hold” rating on the energy company’s stock.

Marine Petroleum Trust Stock Performance

NASDAQ:MARPS opened at $3.92 on Friday. Marine Petroleum Trust has a 1 year low of $3.76 and a 1 year high of $6.50. The stock has a market cap of $7.84 million, a price-to-earnings ratio of 12.65 and a beta of 0.18. The business has a fifty day moving average of $4.03 and a 200-day moving average of $4.01.

Marine Petroleum Trust (NASDAQ:MARPS) last released its quarterly earnings results on Thursday, February 13th. The energy company reported $0.04 earnings per share (EPS) for the quarter. Marine Petroleum Trust had a return on equity of 63.85% and a net margin of 63.53%. The company had revenue of $170 billion 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.