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 note released on Friday morning. The firm issued a hold rating on the energy company’s stock.

Marine Petroleum Trust Stock Down 0.2 %

MARPS opened at $3.92 on Friday. Marine Petroleum Trust has a twelve month low of $3.76 and a twelve month high of $6.50. The company has a fifty day moving average of $4.03 and a 200-day moving average of $4.01. The stock has a market cap of $7.84 million, a PE ratio of 12.65 and a beta of 0.18.

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

Marine Petroleum Trust Cuts Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, March 28th. Shareholders of record on Friday, February 28th will be issued a $0.0771 dividend. The ex-dividend date of this dividend is Friday, February 28th. This represents a $0.31 dividend on an annualized basis and a yield of 7.87%. Marine Petroleum Trust’s payout ratio is currently 96.77%.

Marine Petroleum Trust Company Profile

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.