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

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

Marine Petroleum Trust Stock Performance

NASDAQ MARPS opened at $4.11 on Monday. The stock has a market capitalization of $8.22 million, a PE ratio of 11.42 and a beta of 0.24. The stock has a 50-day simple moving average of $4.08 and a 200 day simple moving average of $4.08. Marine Petroleum Trust has a twelve month low of $3.77 and a twelve month high of $6.50.

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

Marine Petroleum Trust Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, September 30th. Shareholders of record on Friday, August 30th were paid a dividend of $0.095 per share. This is a boost from Marine Petroleum Trust’s previous quarterly dividend of $0.06. The ex-dividend date was Friday, August 30th. This represents a $0.38 dividend on an annualized basis and a yield of 9.25%. Marine Petroleum Trust’s dividend payout ratio (DPR) 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.