Marine Petroleum Trust (NASDAQ:MARPS) Now Covered by StockNews.com

Stock analysts at StockNews.com initiated coverage on shares of Marine Petroleum Trust (NASDAQ:MARPS) in a report released on Thursday. The firm set a “hold” rating on the energy company’s stock.

Separately, TheStreet lowered shares of Marine Petroleum Trust from a “b-” rating to a “c+” rating in a research report on Wednesday, February 14th.

Marine Petroleum Trust Stock Performance

Marine Petroleum Trust stock opened at $4.09 on Thursday. Marine Petroleum Trust has a 52 week low of $3.90 and a 52 week high of $7.19. The firm has a market capitalization of $8.18 million, a price-to-earnings ratio of 10.23 and a beta of 0.17. The company has a 50 day moving average price of $4.37 and a 200 day moving average price of $4.37.

Marine Petroleum Trust (NASDAQ:MARPS) last released its quarterly earnings results on Tuesday, May 14th. The energy company reported $0.06 earnings per share for the quarter. The business had revenue of $0.25 million for the quarter. Marine Petroleum Trust had a net margin of 70.95% and a return on equity of 83.39%.

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.