Marine Petroleum Trust (NASDAQ:MARPS) Announces Earnings Results

Marine Petroleum Trust (NASDAQ:MARPS) announced its quarterly earnings data on Thursday. The energy company reported $0.04 earnings per share (EPS) for the quarter, Zacks reports. Marine Petroleum Trust had a net margin of 68.94% and a return on equity of 74.22%.

Marine Petroleum Trust Price Performance

Shares of MARPS opened at $4.01 on Friday. The firm has a 50-day simple moving average of $4.03 and a two-hundred day simple moving average of $4.03. The stock has a market cap of $8.01 million, a PE ratio of 10.83 and a beta of 0.26. Marine Petroleum Trust has a 1-year low of $3.76 and a 1-year high of $6.50.

Marine Petroleum Trust Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, December 30th. Stockholders of record on Friday, November 29th were given a dividend of $0.1029 per share. This represents a $0.41 annualized dividend and a dividend yield of 10.27%. The ex-dividend date of this dividend was Friday, November 29th. This is a positive change from Marine Petroleum Trust’s previous quarterly dividend of $0.09. Marine Petroleum Trust’s payout ratio is presently 110.81%.

Wall Street Analyst Weigh In

Separately, StockNews.com began coverage on shares of Marine Petroleum Trust in a research note on Sunday, February 9th. They issued a “hold” rating on the stock.

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.