Research analysts at StockNews.com initiated coverage on shares of Marine Petroleum Trust (NASDAQ:MARPS – Get Free Report) in a report released on Sunday. The firm set a “hold” rating on the energy company’s stock.
Marine Petroleum Trust Trading Up 0.4 %
Shares of NASDAQ:MARPS opened at $3.95 on Friday. The firm has a market cap of $7.90 million, a price-to-earnings ratio of 9.87 and a beta of 0.17. Marine Petroleum Trust has a 1 year low of $3.77 and a 1 year high of $6.50. The business has a fifty day simple moving average of $4.15 and a 200 day simple moving average of $4.30.
Marine Petroleum Trust (NASDAQ:MARPS – Get Free Report) last announced its quarterly earnings results on Tuesday, May 14th. The energy company reported $0.06 EPS for the quarter. The business had revenue of $0.25 million during the quarter. Marine Petroleum Trust had a return on equity of 83.39% and a net margin of 70.95%.
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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