StockNews.com started coverage on shares of Marine Petroleum Trust (NASDAQ:MARPS – Get Free Report) in a report issued on Tuesday. The firm set a “hold” rating on the energy company’s stock.
Marine Petroleum Trust Trading Up 0.1 %
Shares of NASDAQ:MARPS opened at $4.04 on Tuesday. The stock has a 50 day moving average of $4.07 and a 200 day moving average of $4.04. The company has a market cap of $8.07 million, a PE ratio of 13.02 and a beta of 0.26. 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 posted its quarterly earnings results on Thursday, February 13th. The energy company reported $0.04 earnings per share for the quarter. Marine Petroleum Trust had a return on equity of 63.85% and a net margin of 63.53%. The business had revenue of $170 billion during the quarter.
Marine Petroleum Trust Company Profile
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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