StockNews.com assumed coverage on shares of Marine Petroleum Trust (NASDAQ:MARPS – Free Report) in a research note released on Thursday. The brokerage issued a hold rating on the energy company’s stock.
Marine Petroleum Trust Stock Up 0.9 %
Shares of MARPS stock opened at $3.86 on Thursday. The stock has a market cap of $7.71 million, a PE ratio of 12.44 and a beta of 0.18. The business has a 50-day simple moving average of $4.07 and a 200-day simple moving average of $4.02. Marine Petroleum Trust has a 52-week low of $3.76 and a 52-week high of $6.50.
Marine Petroleum Trust (NASDAQ:MARPS – Get Free Report) last announced 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 firm had revenue of $170 billion during the quarter.
Marine Petroleum Trust Cuts Dividend
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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