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

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

Marine Petroleum Trust Trading Up 2.6 %

MARPS opened at $3.95 on Wednesday. The firm has a 50 day moving average of $4.06 and a two-hundred day moving average of $4.05. The firm has a market capitalization of $7.82 million, a PE ratio of 10.68 and a beta of 0.24. Marine Petroleum Trust has a 12-month low of $3.77 and a 12-month high of $6.50.

Marine Petroleum Trust (NASDAQ:MARPS) last issued its earnings results on Monday, September 30th. The energy company reported $0.09 earnings per share (EPS) for the quarter. The firm had revenue of $0.23 million during the quarter. Marine Petroleum Trust had a net margin of 68.94% and a return on equity of 74.22%.

Marine Petroleum Trust Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, September 30th. Stockholders of record on Friday, August 30th were issued a $0.095 dividend. This represents a $0.38 annualized dividend and a dividend yield of 9.62%. The ex-dividend date was Friday, August 30th. This is a boost from Marine Petroleum Trust’s previous quarterly dividend of $0.06. Marine Petroleum Trust’s payout ratio is 102.70%.

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.