Marine Petroleum Trust (NASDAQ:MARPS) Announces Quarterly Earnings Results

Marine Petroleum Trust (NASDAQ:MARPS) released its quarterly earnings data on Friday. The energy company reported $0.15 EPS for the quarter, Zacks reports. Marine Petroleum Trust had a net margin of 67.00% and a return on equity of 69.15%.

Marine Petroleum Trust Stock Performance

Shares of NASDAQ MARPS traded up $0.01 during midday trading on Friday, reaching $4.27. 1,894 shares of the stock were exchanged, compared to its average volume of 30,190. The stock has a market capitalization of $8.54 million, a P/E ratio of 12.56 and a beta of 0.27. The company has a 50 day simple moving average of $4.35 and a 200 day simple moving average of $4.74. Marine Petroleum Trust has a twelve month low of $4.04 and a twelve month high of $6.49.

Analysts Set New Price Targets

Separately, Weiss Ratings downgraded Marine Petroleum Trust from a “hold (c)” rating to a “hold (c-)” rating in a research report on Wednesday. One investment analyst has rated the stock with a Hold rating. Based on data from MarketBeat, Marine Petroleum Trust presently has a consensus rating of “Hold”.

About Marine Petroleum Trust

Marine Petroleum Trust is a publicly traded royalty trust organized to receive income from oil and natural gas properties. The trust does not operate drilling rigs or provide energy services directly; instead, it holds royalty interests in producing and prospective oil and gas assets and distributes the resulting proceeds to its unit holders after expenses and other obligations. The trust’s interests are primarily associated with offshore properties in the Gulf of Mexico, including areas off the coasts of Louisiana and Texas.