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

Equities researchers at StockNews.com assumed coverage on shares of Marine Petroleum Trust (NASDAQ:MARPS) in a report released on Saturday. The brokerage set a “hold” rating on the energy company’s stock.

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

Marine Petroleum Trust Price Performance

Shares of NASDAQ:MARPS opened at $4.20 on Friday. The firm has a market capitalization of $8.40 million, a PE ratio of 9.33 and a beta of 0.15. The business has a 50-day moving average of $4.30 and a two-hundred day moving average of $4.51. Marine Petroleum Trust has a 12 month low of $3.90 and a 12 month high of $7.83.

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

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.