Marine Petroleum Trust (MARPS)
Marine Petroleum Trust operates in the Oil & Gas Midstream industry of the Energy sector, headquartered in Dallas, TX, US. The stock last traded at $4.77, down 1.55% on the session, giving a market capitalisation of $9.5M. On trailing twelve-month figures it carries a trailing P/E of 15.20, a net margin of 65.2%. Its beta of 0.37 implies it has historically moved less than the broad market.
Marine Petroleum Trust, in conjunction with its subsidiary Marine Petroleum Corporation, operates as a royalty trust within the United States. As of June 30, 2021, its portfolio encompassed an overriding royalty interest in 55 distinct oil and natural gas leases. These leases collectively spanned an estimated 199,868 gross acres, situated across the Central and Western regions of the Gulf of Mexico, offshore both Louisiana and Texas. The Trust, which was originally established in 1956, maintains its corporate headquarters in Dallas, Texas.
Marine Petroleum Trust is most often compared with the following Energy names: