StockNews.com Initiates Coverage on Marine Petroleum Trust (NASDAQ:MARPS)

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

Marine Petroleum Trust Price Performance

MARPS stock opened at $4.01 on Wednesday. Marine Petroleum Trust has a 1 year low of $3.77 and a 1 year high of $6.50. The firm has a market capitalization of $8.02 million, a PE ratio of 10.03 and a beta of 0.24. The business has a 50 day simple moving average of $3.96 and a 200-day simple moving average of $4.11.

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.