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

StockNews.com started coverage on shares of Marine Petroleum Trust (NASDAQ:MARPS) in a research report sent to investors on Tuesday morning. The firm issued a hold rating on the energy company’s stock.

Marine Petroleum Trust Price Performance

Shares of MARPS opened at $4.02 on Tuesday. The company has a market capitalization of $8.03 million, a PE ratio of 12.95 and a beta of 0.26. Marine Petroleum Trust has a one year low of $3.76 and a one year high of $6.50. The company’s fifty day moving average price is $4.06 and its 200 day moving average price is $4.04.

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

Marine Petroleum Trust Cuts Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 28th. Stockholders of record on Friday, February 28th will be issued a dividend of $0.0771 per share. The ex-dividend date is Friday, February 28th. This represents a $0.31 annualized dividend and a dividend yield of 7.68%. Marine Petroleum Trust’s payout ratio is 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.