Marine Petroleum Trust (NASDAQ:MARPS) Coverage Initiated by Analysts at StockNews.com

Equities researchers at StockNews.com began coverage on shares of Marine Petroleum Trust (NASDAQ:MARPS) in a note issued to investors on Wednesday. The firm set a “hold” rating on the energy company’s stock.

Marine Petroleum Trust Trading Up 1.5 %

MARPS stock opened at $4.01 on Wednesday. The business’s fifty day moving average price is $3.96 and its 200 day moving average price is $4.11. Marine Petroleum Trust has a 12-month low of $3.77 and a 12-month high of $6.50. The company has a market capitalization of $8.02 million, a PE ratio of 10.03 and a beta of 0.24.

About Marine Petroleum Trust

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. Marine Petroleum Trust was founded in 1956 and is based in Dallas, Texas.