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

Analysts at StockNews.com started coverage on shares of Marine Petroleum Trust (NASDAQ:MARPS) in a report released on Wednesday. The brokerage set a “hold” rating on the energy company’s stock.

Marine Petroleum Trust Price Performance

MARPS opened at $4.30 on Wednesday. Marine Petroleum Trust has a 12 month low of $3.76 and a 12 month high of $6.50. The stock has a market capitalization of $8.60 million, a P/E ratio of 11.62 and a beta of 0.26. The business has a 50 day simple moving average of $3.93 and a 200-day simple moving average of $3.98.

Marine Petroleum Trust Company Profile

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.