StockNews.com started coverage on shares of Marine Petroleum Trust (NASDAQ:MARPS – Free Report) in a report published on Wednesday morning. The brokerage issued a hold rating on the energy company’s stock.
Marine Petroleum Trust Stock Up 1.6 %
Shares of NASDAQ MARPS opened at $3.90 on Wednesday. The firm’s 50-day moving average price is $4.00 and its two-hundred day moving average price is $4.25. Marine Petroleum Trust has a 52-week low of $3.77 and a 52-week high of $6.50. The stock has a market capitalization of $7.80 million, a P/E ratio of 9.75 and a beta of 0.23.
Marine Petroleum Trust (NASDAQ:MARPS – Get Free Report) last announced its quarterly earnings results on Tuesday, May 14th. The energy company reported $0.06 earnings per share (EPS) for the quarter. The business had revenue of $0.25 million for the quarter. Marine Petroleum Trust had a return on equity of 83.39% and a net margin of 70.95%.
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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