Marine Petroleum Trust (NASDAQ:MARPS) Receives New Coverage from Analysts at StockNews.com

StockNews.com initiated coverage on shares of Marine Petroleum Trust (NASDAQ:MARPS – Get Rating) in a research report issued to clients and investors on Thursday. The brokerage set a “hold” rating on the energy company’s stock.

Marine Petroleum Trust Stock Down 1.2 %

NASDAQ:MARPS opened at $7.72 on Thursday. Marine Petroleum Trust has a twelve month low of $4.15 and a twelve month high of $32.00. The stock’s 50 day moving average price is $8.06 and its two-hundred day moving average price is $8.19.

Marine Petroleum Trust (NASDAQ:MARPS – Get Rating) last posted its quarterly earnings results on Monday, November 14th. The energy company reported $0.26 earnings per share for the quarter. The firm had revenue of $0.60 million for the quarter. Marine Petroleum Trust had a return on equity of 139.43% and a net margin of 83.93%.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in Marine Petroleum Trust stock. Navellier & Associates Inc. acquired a new stake in Marine Petroleum Trust (NASDAQ:MARPS – Get Rating) during the second quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 34,457 shares of the energy company’s stock, valued at approximately $256,000. 3.47% of the stock is currently owned by institutional investors and hedge funds.

About Marine Petroleum Trust

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Marine Petroleum Trust operates as a royalty trust. It engages in the administration and liquidation of rights to payments from certain oil and natural gas leases in the Gulf of Mexico. The company was founded on June 1, 1956 and is headquartered in Dallas, TX.