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 Tuesday morning. The firm issued a hold rating on the energy company’s stock.

Marine Petroleum Trust Stock Performance

Shares of MARPS stock opened at $3.94 on Tuesday. The firm has a market capitalization of $7.88 million, a price-to-earnings ratio of 10.65 and a beta of 0.25. Marine Petroleum Trust has a one year low of $3.76 and a one year high of $6.50. The company has a 50 day moving average price of $3.92 and a 200 day moving average price of $3.97.

Marine Petroleum Trust (NASDAQ:MARPS) last announced its quarterly earnings data on Monday, September 30th. The energy company reported $0.09 earnings per share (EPS) for the quarter. The company had revenue of $0.23 million during the quarter. Marine Petroleum Trust had a net margin of 68.94% and a return on equity of 74.22%.

Marine Petroleum Trust Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, December 30th. Stockholders of record on Friday, November 29th were issued a $0.1029 dividend. This represents a $0.41 dividend on an annualized basis and a dividend yield of 10.45%. This is an increase from Marine Petroleum Trust’s previous quarterly dividend of $0.09. The ex-dividend date was Friday, November 29th. Marine Petroleum Trust’s dividend payout ratio (DPR) is 110.81%.

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.