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

StockNews.com initiated coverage on shares of Marine Petroleum Trust (NASDAQ:MARPS) in a report released on Sunday morning. The firm issued a hold rating on the energy company’s stock.

Marine Petroleum Trust Price Performance

Shares of NASDAQ:MARPS opened at $3.94 on Friday. The stock has a market cap of $7.88 million, a price-to-earnings ratio of 12.71 and a beta of 0.01. Marine Petroleum Trust has a 12 month low of $3.76 and a 12 month high of $6.50. The stock’s 50 day moving average price is $3.95 and its 200 day moving average price is $4.01.

Marine Petroleum Trust (NASDAQ:MARPS) last posted its quarterly earnings data on Thursday, February 13th. The energy company reported $0.04 EPS for the quarter. The company had revenue of $170 billion for the quarter. Marine Petroleum Trust had a return on equity of 63.85% and a net margin of 63.53%.

Marine Petroleum Trust Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, March 28th. Investors of record on Friday, February 28th were issued a $0.0771 dividend. The ex-dividend date of this dividend was Friday, February 28th. This represents a $0.31 dividend on an annualized basis and a dividend yield of 7.83%. Marine Petroleum Trust’s payout ratio is currently 96.77%.

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.