Marine Petroleum Trust (NASDAQ:MARPS) Receives New Coverage from Analysts at StockNews.com

Equities researchers at StockNews.com assumed coverage on shares of Marine Petroleum Trust (NASDAQ:MARPS) in a research report issued on Sunday. The brokerage set a “hold” rating on the energy company’s stock.

Marine Petroleum Trust Stock Performance

NASDAQ:MARPS opened at $4.05 on Friday. The stock has a market capitalization of $8.10 million, a P/E ratio of 10.35 and a beta of 0.24. Marine Petroleum Trust has a fifty-two week low of $3.77 and a fifty-two week high of $6.50. The company has a 50 day moving average price of $4.07 and a 200 day moving average price 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.