Marine Petroleum Trust (NASDAQ:MARPS) Coverage Initiated by Analysts at StockNews.com

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

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

Marine Petroleum Trust Trading Down 1.3 %

NASDAQ:MARPS opened at $4.15 on Friday. Marine Petroleum Trust has a 12 month low of $3.90 and a 12 month high of $7.83. The firm’s 50 day moving average is $4.30 and its 200 day moving average is $4.46. The stock has a market capitalization of $8.30 million, a PE ratio of 9.22 and a beta of 0.14.

Marine Petroleum Trust (NASDAQ:MARPS) last posted its quarterly earnings results on Wednesday, February 14th. The energy company reported $0.10 earnings per share for the quarter. Marine Petroleum Trust had a return on equity of 93.01% and a net margin of 76.23%. The company had revenue of $0.26 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.