Marine Petroleum Trust (NASDAQ:MARPS) Research Coverage Started at StockNews.com

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

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

Marine Petroleum Trust Stock Up 0.7 %

Marine Petroleum Trust stock opened at $4.20 on Friday. The business has a 50 day moving average price of $4.30 and a two-hundred day moving average price of $4.51. The stock has a market cap of $8.40 million, a price-to-earnings ratio of 9.33 and a beta of 0.15. Marine Petroleum Trust has a 12 month low of $3.90 and a 12 month high of $7.83.

Marine Petroleum Trust (NASDAQ:MARPS) last posted its quarterly earnings results on Wednesday, February 14th. The energy company reported $0.10 EPS for the quarter. The firm 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%.

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.