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

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

Separately, TheStreet cut shares of Marine Petroleum Trust from a b- rating to a c+ rating in a research report on Wednesday, February 14th.

Marine Petroleum Trust Price Performance

Shares of NASDAQ:MARPS opened at $4.26 on Friday. The business has a 50-day moving average of $4.31 and a two-hundred day moving average of $4.52. The firm has a market capitalization of $8.52 million, a PE ratio of 9.47 and a beta of 0.15. Marine Petroleum Trust has a 12 month low of $3.90 and a 12 month high of $7.83.

Marine Petroleum Trust (NASDAQ:MARPS) last released its quarterly earnings data on Wednesday, February 14th. The energy company reported $0.10 earnings per share (EPS) for the quarter. Marine Petroleum Trust had a net margin of 76.23% and a return on equity of 93.01%. The company had revenue of $0.26 million during the quarter.

Marine Petroleum Trust Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, March 28th. Investors of record on Thursday, February 29th were paid a $0.102 dividend. This represents a $0.41 dividend on an annualized basis and a yield of 9.58%. This is an increase from Marine Petroleum Trust’s previous quarterly dividend of $0.08. The ex-dividend date of this dividend was Wednesday, February 28th. Marine Petroleum Trust’s dividend payout ratio (DPR) is 91.11%.

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.