Equities research analysts at StockNews.com assumed coverage on shares of Marine Petroleum Trust (NASDAQ:MARPS – Get Free Report) in a research note issued to investors on Saturday. The brokerage set a “hold” rating on the energy company’s stock.
Marine Petroleum Trust Trading Up 0.8 %
Shares of MARPS stock opened at $3.91 on Friday. The stock has a 50-day moving average of $3.98 and a 200-day moving average of $4.01. Marine Petroleum Trust has a 1-year low of $3.76 and a 1-year high of $6.50. The stock has a market cap of $7.82 million, a price-to-earnings ratio of 12.62 and a beta of 0.18.
Marine Petroleum Trust (NASDAQ:MARPS – Get Free Report) last issued its earnings results on Thursday, February 13th. The energy company reported $0.04 earnings per share for the quarter. The business had revenue of $170 billion during the quarter. Marine Petroleum Trust had a return on equity of 63.85% and a net margin of 63.53%.
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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