Marine Petroleum Trust (NASDAQ:MARPS) Receives New Coverage from Analysts at StockNews.com

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

Separately, TheStreet downgraded Marine Petroleum Trust from a “b-” rating to a “c+” rating in a report on Wednesday, February 14th.

Marine Petroleum Trust Stock Up 1.2 %

Shares of Marine Petroleum Trust stock opened at $4.34 on Tuesday. Marine Petroleum Trust has a 52 week low of $3.90 and a 52 week high of $7.50. The firm’s 50 day moving average is $4.35 and its two-hundred day moving average is $4.39. The firm has a market capitalization of $8.68 million, a P/E ratio of 10.85 and a beta of 0.14.

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.