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

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

Marine Petroleum Trust Price Performance

NASDAQ MARPS opened at $3.90 on Monday. The company has a market cap of $7.80 million, a price-to-earnings ratio of 12.58 and a beta of 0.01. The stock’s fifty day moving average price is $3.92 and its 200 day moving average price is $4.00. Marine Petroleum Trust has a 1 year low of $3.76 and a 1 year high of $5.92.

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

Marine Petroleum Trust Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, March 28th. Shareholders of record on Friday, February 28th were given a dividend of $0.0771 per share. This represents a $0.31 dividend on an annualized basis and a yield of 7.91%. The ex-dividend date of this dividend was Friday, February 28th. Marine Petroleum Trust’s dividend payout ratio is presently 96.77%.

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.