Marine Petroleum Trust (NASDAQ:MARPS) Now Covered by Analysts at StockNews.com

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

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

Marine Petroleum Trust Stock Up 0.7 %

Shares of Marine Petroleum Trust stock opened at $4.20 on Friday. The firm has a market cap of $8.40 million, a price-to-earnings ratio of 9.33 and a beta of 0.15. The business has a fifty day simple moving average of $4.30 and a 200-day simple moving average of $4.50. Marine Petroleum Trust has a fifty-two week low of $3.90 and a fifty-two week high of $7.83.

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

Marine Petroleum Trust Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, March 28th. Stockholders of record on Thursday, February 29th were issued a dividend of $0.102 per share. This represents a $0.41 annualized dividend and a dividend yield of 9.71%. 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 is currently 91.11%.

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.