Marine Petroleum Trust (NASDAQ:MARPS) Coverage Initiated at StockNews.com

Equities researchers at StockNews.com began coverage on shares of Marine Petroleum Trust (NASDAQ:MARPS) in a research note issued to investors on Thursday. The firm set a “hold” rating on the energy company’s stock.

Marine Petroleum Trust Price Performance

MARPS opened at $3.86 on Thursday. Marine Petroleum Trust has a fifty-two week low of $3.76 and a fifty-two week high of $6.50. The firm has a market capitalization of $7.71 million, a price-to-earnings ratio of 12.44 and a beta of 0.18. The company’s 50 day moving average price is $4.07 and its two-hundred day moving average price is $4.02.

Marine Petroleum Trust (NASDAQ:MARPS) last posted its earnings results on Thursday, February 13th. The energy company reported $0.04 earnings per share for the quarter. Marine Petroleum Trust had a net margin of 63.53% and a return on equity of 63.85%. The firm had revenue of $170 billion 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.