Marine Petroleum Trust (NASDAQ:MARPS) Earns Hold Rating from Analysts at StockNews.com

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

Marine Petroleum Trust Stock Up 1.1%

MARPS opened at $3.80 on Friday. The stock has a market cap of $7.60 million, a PE ratio of 12.26 and a beta of 0.06. Marine Petroleum Trust has a 52 week low of $3.34 and a 52 week high of $5.20. The business’s fifty day simple moving average is $3.88 and its 200 day simple moving average is $3.96.

Marine Petroleum Trust (NASDAQ:MARPS) last released its earnings results on Wednesday, May 14th. The energy company reported $0.12 EPS for the quarter. The business had revenue of $0.34 million for the quarter. Marine Petroleum Trust had a return on equity of 63.85% and a net margin of 63.53%.

Marine Petroleum Trust Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, March 28th. Investors of record on Friday, February 28th were paid a $0.0771 dividend. The ex-dividend date of this dividend was Friday, February 28th. This represents a $0.31 dividend on an annualized basis and a yield of 8.12%. Marine Petroleum Trust’s dividend payout ratio is presently 81.08%.

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.