StockNews.com Begins Coverage on Marine Petroleum Trust (NASDAQ:MARPS)

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

Marine Petroleum Trust Trading Up 2.5 %

Shares of NASDAQ:MARPS opened at $4.11 on Monday. The firm’s 50 day moving average is $4.08 and its two-hundred day moving average is $4.08. The firm has a market capitalization of $8.22 million, a P/E ratio of 11.42 and a beta of 0.24. Marine Petroleum Trust has a 52 week low of $3.77 and a 52 week high of $6.50.

Marine Petroleum Trust (NASDAQ:MARPS) last issued its quarterly earnings data on Monday, September 30th. The energy company reported $0.09 earnings per share for the quarter. The business had revenue of $0.23 million for the quarter. Marine Petroleum Trust had a net margin of 68.16% and a return on equity of 74.48%.

Marine Petroleum Trust Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, September 30th. Stockholders of record on Friday, August 30th were paid a $0.095 dividend. The ex-dividend date was Friday, August 30th. This represents a $0.38 annualized dividend and a dividend yield of 9.25%. This is a boost from Marine Petroleum Trust’s previous quarterly dividend of $0.06. Marine Petroleum Trust’s payout ratio is currently 105.56%.

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.