Investment analysts at StockNews.com initiated coverage on shares of Marine Petroleum Trust (NASDAQ:MARPS – Get Free Report) in a research report issued to clients and investors on Tuesday. The brokerage set a “hold” rating on the energy company’s stock.
Marine Petroleum Trust Price Performance
MARPS opened at $3.90 on Tuesday. The business has a 50 day moving average of $3.91 and a 200-day moving average of $3.99. Marine Petroleum Trust has a 12-month low of $3.76 and a 12-month high of $5.20. The stock has a market cap of $7.80 million, a price-to-earnings ratio of 12.58 and a beta of 0.01.
Marine Petroleum Trust (NASDAQ:MARPS – Get Free Report) last issued its quarterly earnings results on Thursday, February 13th. The energy company reported $0.04 earnings per share (EPS) for the quarter. Marine Petroleum Trust had a return on equity of 63.85% and a net margin of 63.53%. The company had revenue of $170 billion for the quarter.
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.
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