StockNews.com began coverage on shares of Marine Petroleum Trust (NASDAQ:MARPS – Get Free Report) in a research note issued on Monday. The firm set a “hold” rating on the energy company’s stock.
Marine Petroleum Trust Price Performance
MARPS stock opened at $3.76 on Monday. The company’s 50-day moving average price is $3.95 and its two-hundred day moving average price is $3.97. Marine Petroleum Trust has a 12 month low of $3.76 and a 12 month high of $6.50.
Marine Petroleum Trust (NASDAQ:MARPS – Get Free Report) last issued its earnings results on Monday, September 30th. The energy company reported $0.09 earnings per share for the quarter. Marine Petroleum Trust had a return on equity of 74.22% and a net margin of 68.94%. The firm had revenue of $0.23 million for 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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