Equities researchers at StockNews.com began coverage on shares of Marine Petroleum Trust (NASDAQ:MARPS – Get Free Report) in a report released on Friday. The brokerage set a “hold” rating on the energy company’s stock.
Marine Petroleum Trust Stock Performance
Shares of MARPS stock opened at $4.14 on Friday. The company’s fifty day moving average price is $4.01 and its 200-day moving average price is $4.01. Marine Petroleum Trust has a 12 month low of $3.76 and a 12 month high of $6.50.
Marine Petroleum Trust (NASDAQ:MARPS – Get Free Report) last posted its quarterly earnings results on Tuesday, November 12th. The energy company reported $0.12 earnings per share for the quarter. The company 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%.
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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