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

Analysts at StockNews.com initiated coverage on shares of Marine Petroleum Trust (NASDAQ:MARPS) in a research note issued on Thursday. The firm set a “hold” rating on the energy company’s stock.

Marine Petroleum Trust Price Performance

MARPS opened at $4.41 on Thursday. The company has a market capitalization of $8.82 million, a P/E ratio of 11.92 and a beta of 0.26. The firm’s fifty day moving average price is $3.96 and its two-hundred day moving average price is $3.99. Marine Petroleum Trust has a fifty-two week low of $3.76 and a fifty-two week high of $6.50.

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.