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

StockNews.com initiated coverage on shares of Marine Petroleum Trust (NASDAQ:MARPSGet Free Report) in a research note issued on Saturday. The brokerage set a “hold” rating on the energy company’s stock.

Marine Petroleum Trust Stock Performance

Shares of NASDAQ MARPS opened at $3.91 on Friday. Marine Petroleum Trust has a 52-week low of $3.77 and a 52-week high of $6.54. The stock has a market cap of $7.82 million, a P/E ratio of 9.78 and a beta of 0.17. The firm has a 50 day moving average price of $4.22 and a 200 day moving average price of $4.32.

Marine Petroleum Trust (NASDAQ:MARPSGet Free Report) last announced its quarterly earnings results on Tuesday, May 14th. The energy company reported $0.06 earnings per share (EPS) for the quarter. The company had revenue of $0.25 million during the quarter. Marine Petroleum Trust had a net margin of 70.95% and a return on equity of 83.39%.

About Marine Petroleum Trust

(Get Free Report)

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

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