Analysts at StockNews.com began coverage on shares of Marine Petroleum Trust (NASDAQ:MARPS – Get Rating) in a report released on Wednesday. The firm set a "hold" rating on the energy company's stock.

Marine Petroleum Trust Price Performance

MARPS opened at $7.20 on Wednesday. Marine Petroleum Trust has a 12 month low of $6.30 and a 12 month high of $11.50. The business has a 50 day simple moving average of $7.39 and a 200-day simple moving average of $8.02.

Marine Petroleum Trust (NASDAQ:MARPS – Get Rating) last released its quarterly earnings data on Tuesday, February 14th. The energy company reported $0.19 earnings per share for the quarter. The firm had revenue of $0.44 million during the quarter. Marine Petroleum Trust had a return on equity of 154.10% and a net margin of 86.72%.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in Marine Petroleum Trust stock. BNP Paribas Arbitrage SA bought a new stake in Marine Petroleum Trust (NASDAQ:MARPS – Get Rating) during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 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 at the end of the most recent quarter. 3.47% of the stock is owned by institutional investors and hedge funds.

Marine Petroleum Trust Company Profile

(Get Rating)

Marine Petroleum Trust operates as a royalty trust. It engages in the administration and liquidation of rights to payments from certain oil and natural gas leases in the Gulf of Mexico. The company was founded on June 1, 1956 and is headquartered in Dallas, TX.

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