Equities researchers at StockNews.com began coverage on shares of Marine Petroleum Trust (NASDAQ:MARPS – Get Free Report) in a report released on Monday. The firm set a “hold” rating on the energy company’s stock.
Marine Petroleum Trust Stock Performance
MARPS opened at $3.76 on Monday. Marine Petroleum Trust has a twelve month low of $3.76 and a twelve month high of $6.50. The company has a fifty day moving average of $3.95 and a 200-day moving average of $3.97.
Marine Petroleum Trust (NASDAQ:MARPS – Get Free Report) last issued its quarterly earnings results on Monday, September 30th. The energy company reported $0.09 EPS for the quarter. Marine Petroleum Trust had a net margin of 68.94% and a return on equity of 74.22%. The business had revenue of $0.23 million for the quarter.
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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