Marine Petroleum Trust (NASDAQ:MARPS) Coverage Initiated at StockNews.com

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

Marine Petroleum Trust Stock Down 0.5 %

NASDAQ:MARPS opened at $3.88 on Monday. The stock has a market capitalization of $7.76 million, a PE ratio of 12.52 and a beta of 0.01. Marine Petroleum Trust has a 52 week low of $3.76 and a 52 week high of $5.20. The stock’s 50-day moving average price is $3.92 and its 200-day moving average price is $4.00.

Marine Petroleum Trust (NASDAQ:MARPS) last released its quarterly earnings data on Thursday, February 13th. The energy company reported $0.04 EPS for the quarter. The firm had revenue of $170 billion 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 disclosed a quarterly dividend, which was paid on Friday, March 28th. Stockholders of record on Friday, February 28th were issued a $0.0771 dividend. The ex-dividend date was Friday, February 28th. This represents a $0.31 dividend on an annualized basis and a dividend yield of 7.95%. 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.