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

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

Marine Petroleum Trust Price Performance

Shares of NASDAQ MARPS opened at $3.87 on Thursday. The stock has a market capitalization of $7.74 million, a P/E ratio of 12.48 and a beta of 0.06. Marine Petroleum Trust has a one year low of $3.75 and a one year high of $5.20. The firm’s 50 day simple moving average is $3.88 and its two-hundred day simple moving average is $3.96.

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

Marine Petroleum Trust Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 28th. Stockholders of record on Friday, February 28th were paid a $0.0771 dividend. The ex-dividend date was Friday, February 28th. This represents a $0.31 annualized dividend and a dividend yield of 7.97%. Marine Petroleum Trust’s dividend payout ratio (DPR) is 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.