StockNews.com started coverage on shares of Marine Petroleum Trust (NASDAQ:MARPS – Get Free Report) 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 – Get Free Report) 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
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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