StockNews.com assumed coverage on shares of Marine Petroleum Trust (NASDAQ:MARPS – Get Free Report) in a report released on Wednesday. The firm set a “hold” rating on the energy company’s stock.
Marine Petroleum Trust Price Performance
Shares of NASDAQ:MARPS opened at $3.88 on Wednesday. The firm has a market capitalization of $7.92 million, a P/E ratio of 10.49 and a beta of 0.24. The business’s 50-day moving average is $4.06 and its 200 day moving average is $4.05. 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 quarterly earnings data on Monday, September 30th. The energy company reported $0.09 earnings per share (EPS) for the quarter. The firm had revenue of $0.23 million for the quarter. Marine Petroleum Trust had a net margin of 68.94% and a return on equity of 75.26%.
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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