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

Marine Petroleum Trust (NASDAQ:MARPS) posted its quarterly earnings results on Friday. The energy company reported $0.15 earnings per share (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 Price Performance

Shares of Marine Petroleum Trust stock traded up $0.01 during trading on Friday, reaching $4.27. 1,225 shares of the company traded hands, compared to its average volume of 30,187. Marine Petroleum Trust has a 1-year low of $4.04 and a 1-year high of $6.49. The company has a 50 day moving average price of $4.35 and a 200-day moving average price of $4.74. The firm has a market capitalization of $8.54 million, a PE ratio of 12.55 and a beta of 0.27.

Analysts Set New Price Targets

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