Stock analysts at StockNews.com started coverage on shares of Marine Petroleum Trust (NASDAQ:MARPS – Get Free Report) in a note issued to investors on Friday. The brokerage set a “hold” rating on the energy company’s stock.
Marine Petroleum Trust Stock Up 1.1%
MARPS stock opened at $3.80 on Friday. The firm has a market cap of $7.60 million, a PE ratio of 12.26 and a beta of 0.06. The business has a 50 day moving average of $3.88 and a 200-day moving average of $3.96. Marine Petroleum Trust has a 12-month low of $3.34 and a 12-month high of $5.20.
Marine Petroleum Trust (NASDAQ:MARPS – Get Free Report) last released its earnings results on Wednesday, May 14th. The energy company reported $0.12 earnings per share for the quarter. Marine Petroleum Trust had a net margin of 63.53% and a return on equity of 63.85%. The firm had revenue of $0.34 million during the quarter.
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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