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

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

Marine Petroleum Trust Trading Up 5.0 %

Shares of Marine Petroleum Trust stock opened at $4.63 on Friday. The firm has a market capitalization of $9.26 million, a PE ratio of 11.58 and a beta of 0.24. Marine Petroleum Trust has a 12 month low of $3.77 and a 12 month high of $6.50. The business’s 50-day moving average price is $4.00 and its 200-day moving average price is $4.11.

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.