Marine Petroleum Trust (NASDAQ:MARPS) Now Covered by StockNews.com

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

Marine Petroleum Trust Stock Up 2.2 %

NASDAQ MARPS opened at $4.16 on Wednesday. The business’s 50-day moving average price is $3.93 and its 200 day moving average price is $3.97. The firm has a market cap of $8.32 million, a P/E ratio of 11.24 and a beta of 0.26. Marine Petroleum Trust has a 52-week low of $3.76 and a 52-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.