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

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

Marine Petroleum Trust Trading Down 2.5 %

MARPS stock opened at $3.91 on Friday. The company’s 50 day moving average is $3.91 and its two-hundred day moving average is $4.17. Marine Petroleum Trust has a twelve month low of $3.77 and a twelve month high of $6.50. The stock has a market cap of $7.82 million, a P/E ratio of 9.78 and a beta of 0.23.

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.