The stock of Marine Petroleum Trust (MARPS, Financial) experienced a notable increase of 5.00%. The stock is currently priced at $4.20 per share, with a trading volume of 3,965 shares and a turnover rate of 0.20%, showing a price fluctuation of 2.50%.
Recent financial reports indicate that Marine Petroleum Trust achieved a revenue of $302,192 and a net profit of $233,552, resulting in earnings per share of $0.12. The company has a price-to-earnings ratio of 11.11. As of now, there are no institutional ratings available for this stock, such as buy, hold, or sell recommendations.
Within the midstream oil and gas industry, where Marine Petroleum Trust operates, the overall sector has seen a growth of 1.20%. Notable performers in the sector include Cbl International Limited, Brooge Energy Limited, and Kinetik Holdings Inc., which have shown significant gains. Additionally, stocks like International Seaways, Inc., BPT Trust, and DHT Holdings are active, with turnover rates of 1.14%, 0.84%, and 0.80%, respectively. Cbl International Limited, Brooge Energy Limited, and BPT Trust have exhibited considerable price volatility, with fluctuations of 16.64%, 7.62%, and 6.86% respectively.
Marine Petroleum Trust is a U.S.-based royalty trust that manages and settles payments for oil and gas leases in the Gulf of Mexico. Its subsidiaries hold interests in offshore assets in Louisiana, with revenue generated from third-party oil and gas production activities.
