Marine Petroleum Trust (MARPS) To Go Ex-Dividend on May 29th

Marine Petroleum Trust (NASDAQ:MARPS) declared a quarterly dividend on Monday, May 18th. Shareholders of record on Friday, May 29th will be given a dividend of 0.0965 per share by the energy company on Monday, June 29th. This represents a c) annualized dividend and a yield of 7.8%. The ex-dividend date is Friday, May 29th.

Marine Petroleum Trust has increased its dividend by an average of 0.1%per year over the last three years.

Marine Petroleum Trust Price Performance

NASDAQ MARPS opened at $4.96 on Wednesday. Marine Petroleum Trust has a fifty-two week low of $3.70 and a fifty-two week high of $7.90. The stock’s 50-day moving average is $5.13 and its two-hundred day moving average is $4.72. The firm has a market cap of $9.92 million, a P/E ratio of 15.50 and a beta of 0.38.

Marine Petroleum Trust (NASDAQ:MARPS) last released its quarterly earnings results on Thursday, May 14th. The energy company reported $0.07 earnings per share (EPS) for the quarter. The company had revenue of $0.23 million during the quarter. Marine Petroleum Trust had a return on equity of 66.30% and a net margin of 65.28%.

Wall Street Analyst Weigh In

Several analysts recently weighed in on the company. Weiss Ratings upgraded Marine Petroleum Trust from a “sell (d+)” rating to a “hold (c)” rating in a research note on Tuesday, February 17th. Wall Street Zen raised Marine Petroleum Trust to a “hold” rating in a research report on Saturday, March 21st. One equities research analyst has rated the stock with a Hold rating, According to data from MarketBeat, Marine Petroleum Trust presently has a consensus rating of “Hold”.

Marine Petroleum Trust Company Profile

Marine Petroleum Trust is a royalty trust that holds overriding royalty interests in petroleum and natural gas production assets on Alaska’s North Slope. Established in 1998, the trust’s primary asset is its net profits interest in the Nikaitchuq Unit, a large oil field operated under state and federal leases. Rather than engaging in exploration or production itself, Marine Petroleum Trust receives income in the form of royalties and net profits from production activities carried out by the unit operator.

The trust’s revenues are generated solely by hydrocarbons extracted from the Nikaitchuq field, with crude oil transported via the Trans-Alaska Pipeline System.