StockNews.com Initiates Coverage on Marine Petroleum Trust (NASDAQ:MARPS)

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

Marine Petroleum Trust Price Performance

NASDAQ MARPS opened at $4.04 on Monday. Marine Petroleum Trust has a 52 week low of $3.77 and a 52 week high of $6.50. The company has a market capitalization of $8.08 million, a P/E ratio of 10.10 and a beta of 0.24. The stock’s 50-day moving average price is $4.07 and its 200-day moving average price is $4.08.

Marine Petroleum Trust (NASDAQ:MARPS) last announced its quarterly earnings data on Monday, September 30th. The energy company reported $0.09 earnings per share (EPS) for the quarter. The firm had revenue of $0.23 million during the quarter. Marine Petroleum Trust had a net margin of 68.16% and a return on equity of 74.48%.

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.