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

Analysts at StockNews.com began 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

Shares of MARPS stock opened at $4.32 on Thursday. Marine Petroleum Trust has a 1-year low of $3.76 and a 1-year high of $6.50. The firm has a fifty day moving average of $3.98 and a two-hundred day moving average of $4.00.

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.