StockNews.com assumed coverage on shares of Marine Petroleum Trust (NASDAQ:MARPS – Get Free Report) in a research report issued to clients and investors on Saturday. The brokerage set a “hold” rating on the energy company’s stock.
Marine Petroleum Trust Stock Down 0.3 %
NASDAQ:MARPS opened at $3.79 on Friday. Marine Petroleum Trust has a 12-month low of $3.77 and a 12-month high of $6.50. The stock’s fifty day simple moving average is $4.05 and its 200-day simple moving average is $4.00. The firm has a market capitalization of $7.58 million, a P/E ratio of 10.24 and a beta of 0.25.
Marine Petroleum Trust (NASDAQ:MARPS – Get Free Report) last announced its quarterly earnings results on Monday, September 30th. The energy company reported $0.09 EPS for the quarter. The company had revenue of $0.23 million during the quarter. Marine Petroleum Trust had a return on equity of 74.22% and a net margin of 68.94%.
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.
Further Reading
- Five stocks we like better than Marine Petroleum Trust
- Buy P&G Now, Before It Sets A New All-Time High
- Guidewire Software Provides Long-Awaited Buying Opportunity
- Ride Out The Recession With These Dividend Kings
- What’s Behind These 3 Recent Analyst Stock Upgrades?
- Differences Between Momentum Investing and Long Term Investing
- Fast-Growing Companies That Are Still Undervalued
Receive News & Ratings for Marine Petroleum Trust Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Marine Petroleum Trust and related companies with MarketBeat.com's FREE daily email newsletter.
