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

Marine Petroleum Trust (NASDAQ:MARPS) released its quarterly earnings results on Friday. The energy company reported $0.15 earnings per share (EPS) for the quarter, Zacks reports. The firm had revenue of $0.32 million during the quarter. Marine Petroleum Trust had a net margin of 67.00% and a return on equity of 69.15%.

Marine Petroleum Trust Price Performance

Shares of NASDAQ MARPS traded up $0.01 during mid-day trading on Friday, reaching $4.27. 1,898 shares of the company’s stock were exchanged, compared to its average volume of 5,231. Marine Petroleum Trust has a 52 week low of $4.04 and a 52 week high of $6.49. The firm has a 50-day moving average price of $4.35 and a two-hundred day moving average price of $4.74. The firm has a market capitalization of $8.54 million, a price-to-earnings ratio of 12.56 and a beta of 0.27.

Wall Street Analyst Weigh In

Separately, Weiss Ratings cut shares of Marine Petroleum Trust from a “hold (c)” rating to a “hold (c-)” rating in a research report on Wednesday. One equities research analyst has rated the stock with a Hold rating. According to MarketBeat, Marine Petroleum Trust presently has an average 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.