Equities researchers at StockNews.com started coverage on shares of Marine Petroleum Trust (NASDAQ:MARPS – Get Free Report) in a research report issued to clients and investors on Wednesday. The brokerage set a “hold” rating on the energy company’s stock.
Marine Petroleum Trust Trading Down 0.8 %
Shares of MARPS opened at $3.88 on Wednesday. The firm has a fifty day moving average price of $4.06 and a 200-day moving average price of $4.05. The firm has a market capitalization of $7.92 million, a P/E ratio of 10.49 and a beta of 0.24. Marine Petroleum Trust has a 12-month low of $3.77 and a 12-month high of $6.50.
Marine Petroleum Trust (NASDAQ:MARPS – Get Free Report) last issued its earnings results on Monday, September 30th. The energy company reported $0.09 EPS for the quarter. The business had revenue of $0.23 million for the quarter. Marine Petroleum Trust had a net margin of 68.94% and a return on equity of 75.26%.
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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