Stock analysts at StockNews.com started coverage on shares of Marine Petroleum Trust (NASDAQ:MARPS – Get Free Report) in a report released on Monday. The brokerage set a “hold” rating on the energy company’s stock.
Marine Petroleum Trust Price Performance
MARPS stock opened at $3.92 on Monday. Marine Petroleum Trust has a 1-year low of $3.76 and a 1-year high of $5.42. The business has a 50-day moving average price of $3.92 and a 200 day moving average price of $4.00. The company has a market capitalization of $7.84 million, a P/E ratio of 12.65 and a beta of 0.01.
Marine Petroleum Trust (NASDAQ:MARPS – Get Free Report) last released its quarterly earnings data on Thursday, February 13th. The energy company reported $0.04 earnings per share (EPS) for the quarter. The firm had revenue of $170 billion for the quarter. Marine Petroleum Trust had a net margin of 63.53% and a return on equity of 63.85%.
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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