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

Investment analysts at StockNews.com began coverage on shares of Marine Petroleum Trust (NASDAQ:MARPS) in a research report issued to clients and investors on Thursday. The firm set a “hold” rating on the energy company’s stock.

Marine Petroleum Trust Price Performance

NASDAQ MARPS opened at $4.03 on Thursday. Marine Petroleum Trust has a 1 year low of $3.77 and a 1 year high of $6.50. The stock has a market capitalization of $8.07 million, a PE ratio of 10.08 and a beta of 0.24. The company’s 50 day simple moving average is $3.97 and its two-hundred day simple moving average 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.