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

StockNews.com started coverage on shares of Marine Petroleum Trust (NASDAQ:MARPS) in a research note issued to investors on Sunday. The brokerage set a “hold” rating on the energy company’s stock.

Marine Petroleum Trust Stock Up 1.8 %

MARPS opened at $4.55 on Friday. Marine Petroleum Trust has a 12-month low of $4.30 and a 12-month high of $9.99. The firm has a market capitalization of $9.10 million, a P/E ratio of 8.43 and a beta of 0.41. The stock’s 50 day moving average price is $5.03 and its two-hundred day moving average price is $5.69.

Marine Petroleum Trust (NASDAQ:MARPS) last announced its quarterly earnings data on Monday, November 13th. The energy company reported $0.11 earnings per share for the quarter. The company had revenue of $0.31 million for the quarter. Marine Petroleum Trust had a return on equity of 110.19% and a net margin of 79.84%.

Institutional Investors Weigh In On Marine Petroleum Trust

An institutional investor recently bought a new position in Marine Petroleum Trust stock. BNP Paribas Arbitrage SA acquired a new position in shares of Marine Petroleum Trust (NASDAQ:MARPS) in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 36,069 shares of the energy company’s stock, valued at approximately $289,000. BNP Paribas Arbitrage SA owned 1.80% of Marine Petroleum Trust as of its most recent SEC filing. 3.65% of the stock is currently owned by hedge funds and other institutional investors.

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.