Marine Petroleum Trust (NASDAQ:MARPS) Earns Hold Rating from Analysts at StockNews.com

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

Marine Petroleum Trust Stock Performance

Shares of NASDAQ MARPS opened at $4.50 on Friday. The stock has a market capitalization of $9 million, a P/E ratio of 11.25 and a beta of 0.24. The stock’s fifty day moving average is $4.03 and its 200 day moving average is $4.12. Marine Petroleum Trust has a 52 week low of $3.77 and a 52 week high of $6.50.

About Marine Petroleum Trust

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.