Marine Petroleum Trust (NASDAQ:MARPS) Announces Quarterly Earnings Results

Marine Petroleum Trust (NASDAQ:MARPS) announced its quarterly earnings data on Friday. The energy company reported $0.15 earnings per share for the quarter, Zacks reports. Marine Petroleum Trust had a net margin of 67.00% and a return on equity of 69.15%.

Marine Petroleum Trust Stock Performance

NASDAQ:MARPS traded up $0.01 during mid-day trading on Friday, hitting $4.27. 1,225 shares of the stock were exchanged, compared to its average volume of 30,187. The stock has a market capitalization of $8.54 million, a price-to-earnings ratio of 12.55 and a beta of 0.27. The firm’s 50-day simple moving average is $4.35 and its 200 day simple moving average is $4.74. Marine Petroleum Trust has a fifty-two week low of $4.04 and a fifty-two week high of $6.49.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings cut Marine Petroleum Trust from a “hold (c)” rating to a “hold (c-)” rating in a research note on Wednesday. One analyst has rated the stock with a Hold rating. According to MarketBeat, the stock presently has a consensus rating of “Hold”.

About Marine Petroleum Trust

Marine Petroleum Trust is a publicly traded royalty trust organized to receive income from oil and natural gas properties. The trust does not operate drilling rigs or provide energy services directly; instead, it holds royalty interests in producing and prospective oil and gas assets and distributes the resulting proceeds to its unit holders after expenses and other obligations. The trust’s interests are primarily associated with offshore properties in the Gulf of Mexico, including areas off the coasts of Louisiana and Texas.