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 report released on Friday. The brokerage issued a hold rating on the energy company’s stock.

Marine Petroleum Trust Stock Down 0.2 %

MARPS stock opened at $3.92 on Friday. The company’s 50-day moving average price is $4.03 and its two-hundred day moving average price is $4.01. Marine Petroleum Trust has a 12 month low of $3.76 and a 12 month high of $6.50. The firm has a market cap of $7.84 million, a P/E ratio of 12.65 and a beta of 0.18.

Marine Petroleum Trust (NASDAQ:MARPS) last announced its quarterly earnings data on Thursday, February 13th. The energy company reported $0.04 earnings per share (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 disclosed a quarterly dividend, which will be paid on Friday, March 28th. Investors of record on Friday, February 28th will be given a dividend of $0.0771 per share. The ex-dividend date of this dividend is Friday, February 28th. This represents a $0.31 annualized dividend and a dividend yield of 7.87%. Marine Petroleum Trust’s dividend payout ratio is currently 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.