Marine Petroleum Trust (NASDAQ:MARPS) Now Covered by StockNews.com

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

Separately, TheStreet downgraded Marine Petroleum Trust from a “b-” rating to a “c+” rating in a report on Wednesday, February 14th.

Marine Petroleum Trust Trading Down 7.0 %

MARPS stock opened at $4.10 on Friday. The business’s fifty day moving average price is $4.31 and its 200 day moving average price is $4.54. Marine Petroleum Trust has a 12-month low of $3.90 and a 12-month high of $7.83. The company has a market capitalization of $8.20 million, a PE ratio of 9.11 and a beta of 0.15.

Marine Petroleum Trust (NASDAQ:MARPS) last released its earnings results on Wednesday, February 14th. The energy company reported $0.10 earnings per share for the quarter. The company had revenue of $0.26 million during the quarter. Marine Petroleum Trust had a return on equity of 93.01% and a net margin of 76.23%.

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 bought a new position in shares of Marine Petroleum Trust (NASDAQ:MARPS) during the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The firm bought 36,069 shares of the energy company’s stock, valued at approximately $289,000. BNP Paribas Arbitrage SA owned approximately 1.80% of Marine Petroleum Trust as of its most recent filing with the SEC. Hedge funds and other institutional investors own 1.76% of the company’s stock.

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.