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

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

Marine Petroleum Trust Trading Down 3.3 %

Shares of MARPS opened at $3.77 on Wednesday. Marine Petroleum Trust has a 1-year low of $3.76 and a 1-year high of $6.50. The company has a market cap of $7.54 million, a price-to-earnings ratio of 12.16 and a beta of 0.26. The company’s fifty day simple moving average is $4.08 and its 200 day simple moving average is $4.03.

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

Marine Petroleum Trust Cuts Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, March 28th. Stockholders of record on Friday, February 28th will be issued a $0.0771 dividend. The ex-dividend date is Friday, February 28th. This represents a $0.31 dividend on an annualized basis and a dividend yield of 8.18%. Marine Petroleum Trust’s dividend payout ratio (DPR) is currently 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.