Analysts at StockNews.com started coverage on shares of Marine Petroleum Trust (NASDAQ:MARPS – Get Free Report) in a research report issued to clients and investors on Tuesday. The firm set a “hold” rating on the energy company’s stock.
Marine Petroleum Trust Stock Up 1.0 %
MARPS stock opened at $4.00 on Tuesday. Marine Petroleum Trust has a 52 week low of $3.77 and a 52 week high of $6.50. The firm has a 50-day simple moving average of $4.08 and a 200-day simple moving average of $4.06. The stock has a market capitalization of $8 million, a P/E ratio of 11.11 and a beta of 0.24.
Marine Petroleum Trust (NASDAQ:MARPS – Get Free Report) last posted its quarterly earnings data on Monday, September 30th. The energy company reported $0.09 EPS for the quarter. Marine Petroleum Trust had a return on equity of 74.48% and a net margin of 68.16%. The company had revenue of $0.23 million during 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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