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

Investment analysts at StockNews.com assumed coverage on shares of Marine Petroleum Trust (NASDAQ:MARPS – Get Free Report) in a report issued on Friday. The firm set a “hold” rating on the energy company’s stock.

Marine Petroleum Trust Stock Down 3.3 %

NASDAQ:MARPS opened at $4.64 on Friday. The stock has a 50 day moving average of $6.50 and a 200-day moving average of $7.17. Marine Petroleum Trust has a 52 week low of $4.35 and a 52 week high of $10.95.

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Marine Petroleum Trust (NASDAQ:MARPS – Get Free Report) last issued its quarterly earnings data on Monday, May 15th. The energy company reported $0.11 earnings per share (EPS) for the quarter. The business had revenue of $0.30 million during the quarter. Marine Petroleum Trust had a return on equity of 144.57% and a net margin of 85.15%.

Institutional Investors Weigh In On 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) in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 36,069 shares of the energy company’s stock, valued at approximately $289,000. BNP Paribas Arbitrage SA owned about 1.80% of Marine Petroleum Trust as of its most recent filing with the Securities and Exchange Commission. 3.72% of the stock is currently owned by hedge funds and other 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. The company was incorporated in 1956 and is based in Dallas, Texas.

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