Marine Petroleum Trust (NASDAQ:MARPS) Now Covered by StockNews.com

Posted by on Jan 10th, 2025

Analysts at StockNews.com started coverage on shares of Marine Petroleum Trust (NASDAQ:MARPS – Get Free Report) in a research note issued on Wednesday. The firm set a “hold” rating on the energy company’s stock.

Marine Petroleum Trust Trading Up 3.4 %

Shares of NASDAQ:MARPS opened at $4.30 on Wednesday. The firm has a market cap of $8.60 million, a price-to-earnings ratio of 11.62 and a beta of 0.26. The stock’s 50-day moving average price is $3.93 and its two-hundred day moving average price is $3.98. Marine Petroleum Trust has a 12-month low of $3.76 and a 12-month high of $6.50.

About Marine Petroleum Trust

(Get Free Report)

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.

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