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

StockNews.com assumed coverage on shares of Marine Petroleum Trust (NASDAQ:MARPS) in a research report sent to investors on Saturday morning. The brokerage issued a hold rating on the energy company’s stock.

Marine Petroleum Trust Stock Down 0.4 %

Shares of MARPS stock opened at $3.87 on Friday. The firm has a fifty day moving average of $3.98 and a 200-day moving average of $4.01. The company has a market capitalization of $7.73 million, a price-to-earnings ratio of 12.47 and a beta of 0.18. Marine Petroleum Trust has a 12-month low of $3.76 and a 12-month high of $6.50.

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

Marine Petroleum Trust Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, March 28th. Shareholders of record on Friday, February 28th were given a dividend of $0.0771 per share. This represents a $0.31 annualized dividend and a dividend yield of 7.98%. The ex-dividend date was Friday, February 28th. Marine Petroleum Trust’s dividend payout ratio (DPR) is 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.