Marine Petroleum Trust (NASDAQ:MARPS) Releases Quarterly Earnings Results

Marine Petroleum Trust (NASDAQ:MARPS) issued its earnings results on Thursday. The energy company reported $0.04 EPS for the quarter, Zacks reports. The business had revenue of $170 billion during the quarter. Marine Petroleum Trust had a return on equity of 74.22% and a net margin of 68.94%.

Marine Petroleum Trust Price Performance

MARPS traded up $0.03 during trading on Friday, reaching $4.01. 3,097 shares of the stock traded hands, compared to its average volume of 21,546. The stock has a market cap of $8.01 million, a price-to-earnings ratio of 10.83 and a beta of 0.26. Marine Petroleum Trust has a fifty-two week low of $3.76 and a fifty-two week high of $6.50. The stock’s 50-day simple moving average is $4.03 and its two-hundred day simple moving average is $4.03.

Marine Petroleum Trust Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, December 30th. Investors of record on Friday, November 29th were given a dividend of $0.1029 per share. This is a boost from Marine Petroleum Trust’s previous quarterly dividend of $0.09. The ex-dividend date of this dividend was Friday, November 29th. This represents a $0.41 dividend on an annualized basis and a yield of 10.27%. Marine Petroleum Trust’s dividend payout ratio (DPR) is presently 110.81%.

Wall Street Analyst Weigh In

Separately, StockNews.com began coverage on Marine Petroleum Trust in a research report on Sunday, February 9th. They set a “hold” rating for the company.

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.