StockNews.com initiated coverage on shares of Marine Petroleum Trust (NASDAQ:MARPS – Get Free Report) in a note issued to investors on Monday. The brokerage set a “hold” rating on the energy company’s stock.
Marine Petroleum Trust Stock Up 1.0 %
Shares of NASDAQ MARPS opened at $4.07 on Monday. Marine Petroleum Trust has a 12-month low of $3.76 and a 12-month high of $6.50. The firm’s 50-day simple moving average is $4.04 and its 200 day simple moving average is $4.03. The company has a market cap of $8.14 million, a price-to-earnings ratio of 11.00 and a beta of 0.26.
Marine Petroleum Trust (NASDAQ:MARPS – Get Free Report) last released its earnings results on Thursday, February 13th. The energy company reported $0.04 EPS for the quarter. Marine Petroleum Trust had a return on equity of 74.22% and a net margin of 68.94%. The company had revenue of $170 billion during the quarter.
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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