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

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

Marine Petroleum Trust Price Performance

Shares of NASDAQ:MARPS opened at $3.82 on Tuesday. Marine Petroleum Trust has a one year low of $3.77 and a one year high of $6.50. The company has a market cap of $7.64 million, a price-to-earnings ratio of 9.55 and a beta of 0.24. The firm has a 50 day simple moving average of $3.95 and a 200 day simple moving average of $4.12.

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.