StockNews.com Begins Coverage on Marine Petroleum Trust (NASDAQ:MARPS)

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

Marine Petroleum Trust Price Performance

Shares of MARPS stock opened at $3.95 on Wednesday. Marine Petroleum Trust has a fifty-two week low of $3.77 and a fifty-two week high of $6.50. The stock’s 50-day moving average is $4.06 and its two-hundred day moving average is $4.04. The firm has a market cap of $7.90 million, a P/E ratio of 10.68 and a beta of 0.24.

Marine Petroleum Trust (NASDAQ:MARPS) last announced its quarterly earnings results on Monday, September 30th. The energy company reported $0.09 EPS for the quarter. The business had revenue of $0.23 million during the quarter. Marine Petroleum Trust had a return on equity of 74.22% and a net margin of 68.94%.

Marine Petroleum Trust Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, September 30th. Stockholders of record on Friday, August 30th were issued a dividend of $0.095 per share. The ex-dividend date of this dividend was Friday, August 30th. This represents a $0.38 dividend on an annualized basis and a dividend yield of 9.62%. This is an increase from Marine Petroleum Trust’s previous quarterly dividend of $0.06. Marine Petroleum Trust’s dividend payout ratio (DPR) is currently 102.70%.

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.