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

Posted by Jessica Moore on Mar 28th, 2024

Analysts at StockNews.com began coverage on shares of Marine Petroleum Trust (NASDAQ:MARPS – Get Free Report) in a note issued to investors on Tuesday. 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 research report on Wednesday, February 14th.

Read Our Latest Analysis on MARPS

Marine Petroleum Trust Price Performance

Shares of MARPS opened at $4.20 on Tuesday. Marine Petroleum Trust has a 1 year low of $3.94 and a 1 year high of $8.87. The company has a 50 day simple moving average of $4.32 and a two-hundred day simple moving average of $4.60. The firm has a market cap of $8.40 million, a P/E ratio of 9.33 and a beta of 0.15.

Marine Petroleum Trust (NASDAQ:MARPS – Get Free Report) 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 net margin of 76.23% and a return on equity of 93.01%. The business had revenue of $0.26 million during the quarter.

Institutional Trading of Marine Petroleum Trust

A hedge fund recently bought a new stake in Marine Petroleum Trust stock. BNP Paribas Arbitrage SA acquired a new stake in shares of Marine Petroleum Trust (NASDAQ:MARPS – Free Report) during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 36,069 shares of the energy company’s stock, valued at approximately $289,000. BNP Paribas Arbitrage SA owned approximately 1.80% of Marine Petroleum Trust as of its most recent SEC filing. 1.76% of the stock is owned by institutional investors.

About Marine Petroleum Trust

(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.