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

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

Marine Petroleum Trust Stock Down 1.2 %

MARPS stock opened at $3.96 on Tuesday. The firm has a market cap of $7.92 million, a PE ratio of 12.77 and a beta of 0.26. The business has a 50 day moving average of $4.07 and a 200-day moving average of $4.03. Marine Petroleum Trust has a 12-month low of $3.76 and a 12-month high of $6.50.

Marine Petroleum Trust (NASDAQ:MARPS) last announced 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 return on equity of 63.85% and a net margin of 63.53%. The firm had revenue of $170 billion during the quarter.

Marine Petroleum Trust Cuts Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 28th. Shareholders of record on Friday, February 28th will be given a $0.0771 dividend. This represents a $0.31 annualized dividend and a yield of 7.79%. The ex-dividend date of this dividend is Friday, February 28th. Marine Petroleum Trust’s dividend 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.