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

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

Marine Petroleum Trust Stock Performance

Marine Petroleum Trust stock opened at $3.91 on Friday. Marine Petroleum Trust has a one year low of $3.77 and a one year high of $6.50. The stock has a fifty day moving average of $3.91 and a 200 day moving average of $4.17. The stock has a market cap of $7.82 million, a PE ratio of 9.78 and a beta of 0.23.

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.