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 issued to investors on Sunday morning. The firm issued a hold rating on the energy company’s stock.

Marine Petroleum Trust Trading Up 2.3 %

Shares of MARPS opened at $3.94 on Friday. Marine Petroleum Trust has a 52 week low of $3.76 and a 52 week high of $6.50. The firm has a market cap of $7.88 million, a price-to-earnings ratio of 12.71 and a beta of 0.01. The stock has a 50 day moving average of $3.95 and a 200-day moving average of $4.01.

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

Marine Petroleum Trust Cuts Dividend

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