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

Research analysts at StockNews.com started coverage on shares of Marine Petroleum Trust (NASDAQ:MARPS) in a report issued on Sunday. The firm set a “hold” rating on the energy company’s stock.

Separately, TheStreet cut shares of Marine Petroleum Trust from a “b-” rating to a “c+” rating in a report on Wednesday, February 14th.

Marine Petroleum Trust Trading Down 0.7 %

MARPS stock opened at $4.12 on Friday. Marine Petroleum Trust has a 12-month low of $3.90 and a 12-month high of $7.83. The firm’s 50-day moving average price is $4.30 and its two-hundred day moving average price is $4.44. The stock has a market capitalization of $8.24 million, a price-to-earnings ratio of 9.16 and a beta of 0.14.

Marine Petroleum Trust (NASDAQ:MARPS) last announced its quarterly earnings results on Wednesday, February 14th. The energy company reported $0.10 earnings per share (EPS) for the quarter. Marine Petroleum Trust had a net margin of 76.23% and a return on equity of 93.01%. The company had revenue of $0.26 million for the quarter.

Marine Petroleum Trust Company Profile

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.