Marine Petroleum Trust (NASDAQ:MARPS) Releases Earnings Results

Marine Petroleum Trust (NASDAQ:MARPS) announced its quarterly earnings results on Friday. The energy company reported $0.15 earnings per share (EPS) for the quarter, Zacks reports. The company had revenue of $0.32 million for the quarter. Marine Petroleum Trust had a net margin of 67.00% and a return on equity of 69.15%.

Marine Petroleum Trust Stock Performance

NASDAQ:MARPS traded up $0.01 during trading hours on Friday, reaching $4.27. The stock had a trading volume of 1,898 shares, compared to its average volume of 5,231. Marine Petroleum Trust has a 52 week low of $4.04 and a 52 week high of $6.49. The company has a 50 day moving average price of $4.35 and a two-hundred day moving average price of $4.74. The stock has a market capitalization of $8.54 million, a PE ratio of 12.56 and a beta of 0.27.

Analyst Ratings Changes

Separately, Weiss Ratings downgraded shares of Marine Petroleum Trust from a “hold (c)” rating to a “hold (c-)” rating in a report on Wednesday. One analyst has rated the stock with a Hold rating. According to MarketBeat, the company presently has an average rating of “Hold”.

About Marine Petroleum Trust

Marine Petroleum Trust is a publicly traded royalty trust organized to receive income from oil and natural gas properties. The trust does not operate drilling rigs or provide energy services directly; instead, it holds royalty interests in producing and prospective oil and gas assets and distributes the resulting proceeds to its unit holders after expenses and other obligations. The trust’s interests are primarily associated with offshore properties in the Gulf of Mexico, including areas off the coasts of Louisiana and Texas.