StockNews.com Initiates Coverage on Marine Petroleum Trust (NASDAQ:MARPS)

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

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

Marine Petroleum Trust Stock Up 6.9 %

Shares of Marine Petroleum Trust stock opened at $4.50 on Monday. Marine Petroleum Trust has a 12-month low of $3.90 and a 12-month high of $7.83. The stock has a market cap of $9 million, a P/E ratio of 10.00 and a beta of 0.14. The business’s 50 day moving average is $4.30 and its 200-day moving average is $4.41.

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