Analysts at StockNews.com assumed coverage on shares of Marine Petroleum Trust (NASDAQ:MARPS – Get Free Report) in a report released on Tuesday. The firm set a “hold” rating on the energy company’s stock.
Marine Petroleum Trust Trading Up 3.9 %
MARPS opened at $4.10 on Tuesday. The company has a fifty day moving average price of $4.07 and a two-hundred day moving average price of $4.06. The company has a market cap of $8 million, a P/E ratio of 11.40 and a beta of 0.24. Marine Petroleum Trust has a 1-year low of $3.77 and a 1-year high of $6.50.
Marine Petroleum Trust (NASDAQ:MARPS – Get Free Report) last posted its earnings results on Monday, September 30th. The energy company reported $0.09 EPS for the quarter. The company had revenue of $0.23 million during the quarter. Marine Petroleum Trust had a net margin of 68.16% and a return on equity of 74.48%.
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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