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

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

Marine Petroleum Trust Trading Down 1.8 %

NASDAQ:MARPS opened at $3.78 on Friday. The firm has a market capitalization of $7.56 million, a price-to-earnings ratio of 9.45 and a beta of 0.17. Marine Petroleum Trust has a 1-year low of $3.77 and a 1-year high of $6.63. The business’s fifty day moving average price is $4.32 and its 200 day moving average price is $4.34.

Marine Petroleum Trust (NASDAQ:MARPS) last posted its quarterly earnings results on Tuesday, May 14th. The energy company reported $0.06 earnings per share for the quarter. The firm had revenue of $0.25 million for the quarter. Marine Petroleum Trust had a return on equity of 83.39% and a net margin of 70.95%.

Marine Petroleum Trust Cuts Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, June 28th. Investors of record on Friday, May 31st will be given a dividend of $0.056 per share. This represents a $0.22 annualized dividend and a yield of 5.93%. The ex-dividend date of this dividend is Friday, May 31st. Marine Petroleum Trust’s payout ratio is 55.00%.

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.