Equities research analysts at StockNews.com initiated coverage on shares of Marine Petroleum Trust (NASDAQ:MARPS – Get Free Report) in a report released on Tuesday. The brokerage set a “hold” rating on the energy company’s stock.
Marine Petroleum Trust Stock Performance
NASDAQ MARPS opened at $3.95 on Tuesday. The firm’s fifty day moving average price is $3.93 and its two-hundred day moving average price is $3.97. The stock has a market cap of $7.90 million, a PE ratio of 10.68 and a beta of 0.25. Marine Petroleum Trust has a fifty-two week low of $3.76 and a fifty-two week high of $6.50.
Marine Petroleum Trust (NASDAQ:MARPS – Get Free Report) last released its quarterly earnings data on Monday, September 30th. The energy company reported $0.09 earnings per share for the quarter. Marine Petroleum Trust had a return on equity of 74.22% and a net margin of 68.94%. The company had revenue of $0.23 million for 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.
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