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

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

Marine Petroleum Trust Trading Up 2.0 %

NASDAQ:MARPS opened at $4.15 on Monday. The stock has a market capitalization of $8.30 million, a price-to-earnings ratio of 13.39 and a beta of 0.26. The firm has a fifty day simple moving average of $4.05 and a two-hundred day simple moving average of $4.03. Marine Petroleum Trust has a 12 month low of $3.76 and a 12 month high of $6.50.

Marine Petroleum Trust (NASDAQ:MARPS) last issued its earnings results on Thursday, February 13th. The energy company reported $0.04 EPS for the quarter. The company had revenue of $170 billion during the quarter. Marine Petroleum Trust had a return on equity of 63.85% and a net margin of 63.53%.

Marine Petroleum Trust Cuts Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, March 28th. Investors of record on Friday, February 28th will be given a $0.0771 dividend. This represents a $0.31 annualized dividend and a yield of 7.43%. The ex-dividend date of this dividend is Friday, February 28th. Marine Petroleum Trust’s payout ratio is currently 132.26%.

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.