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

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

Marine Petroleum Trust Trading Down 1.4 %

MARPS opened at $3.84 on Thursday. Marine Petroleum Trust has a 12 month low of $3.77 and a 12 month high of $6.50. The stock has a fifty day moving average price of $3.94 and a 200-day moving average price of $4.22. The firm has a market cap of $7.68 million, a price-to-earnings ratio of 9.60 and a beta of 0.23.

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

Marine Petroleum Trust Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, June 28th. Stockholders of record on Friday, May 31st were paid a dividend of $0.056 per share. The ex-dividend date was Friday, May 31st. This represents a $0.22 dividend on an annualized basis and a dividend yield of 5.83%. Marine Petroleum Trust’s payout ratio is 55.00%.

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.