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

Investment analysts at StockNews.com assumed coverage on shares of Marine Petroleum Trust (NASDAQ:MARPSGet Free Report) in a report issued on Wednesday. The firm set a “hold” rating on the energy company’s stock.

Marine Petroleum Trust Stock Down 2.1 %

MARPS stock opened at $4.53 on Wednesday. The business has a fifty day moving average of $4.46 and a two-hundred day moving average of $4.93. The stock has a market cap of $9.06 million, a price-to-earnings ratio of 8.39 and a beta of 0.18. Marine Petroleum Trust has a 52-week low of $3.94 and a 52-week high of $8.87.

Marine Petroleum Trust (NASDAQ:MARPSGet Free Report) last issued its quarterly earnings data on Monday, November 13th. The energy company reported $0.11 earnings per share for the quarter. Marine Petroleum Trust had a return on equity of 110.19% and a net margin of 79.84%. The business had revenue of $0.31 million during the quarter.

Institutional Trading of Marine Petroleum Trust

An institutional investor recently raised its position in Marine Petroleum Trust stock. Navellier & Associates Inc. increased its position in Marine Petroleum Trust (NASDAQ:MARPSFree Report) by 10.0% in the 2nd quarter, according to its most recent filing with the SEC. The fund owned 40,310 shares of the energy company’s stock after purchasing an additional 3,649 shares during the period. Navellier & Associates Inc. owned 2.02% of Marine Petroleum Trust worth $213,000 at the end of the most recent quarter. 3.65% of the stock is owned by institutional investors and hedge funds.

Marine Petroleum Trust Company Profile

(Get Free Report)

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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