Marine Petroleum Trust (NASDAQ:MARPS) Now Covered by StockNews.com

StockNews.com started coverage on shares of Marine Petroleum Trust (NASDAQ:MARPSGet 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 Price Performance

MARPS opened at $3.91 on Friday. The business has a 50 day moving average price of $4.22 and a two-hundred day moving average price of $4.32. The company has a market capitalization of $7.82 million, a price-to-earnings ratio of 9.78 and a beta of 0.17. Marine Petroleum Trust has a 1-year low of $3.77 and a 1-year high of $6.54.

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

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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