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

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

Separately, TheStreet cut Marine Petroleum Trust from a b- rating to a c+ rating in a research report on Wednesday, February 14th.

Marine Petroleum Trust Price Performance

Shares of MARPS traded down $0.11 during midday trading on Friday, hitting $4.04. 13,685 shares of the company traded hands, compared to its average volume of 13,354. The stock has a 50-day moving average of $4.30 and a 200-day moving average of $4.45. Marine Petroleum Trust has a one year low of $3.90 and a one year high of $7.83. The firm has a market cap of $8.08 million, a P/E ratio of 9.22 and a beta of 0.14.

Marine Petroleum Trust (NASDAQ:MARPS) last announced its quarterly earnings results on Wednesday, February 14th. The energy company reported $0.10 earnings per share for the quarter. Marine Petroleum Trust had a return on equity of 93.01% and a net margin of 76.23%. The firm had revenue of $0.26 million for the quarter.

Marine Petroleum Trust Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, March 28th. Investors of record on Thursday, February 29th were given a $0.102 dividend. This represents a $0.41 annualized dividend and a dividend yield of 10.10%. This is a boost from Marine Petroleum Trust’s previous quarterly dividend of $0.08. The ex-dividend date was Wednesday, February 28th. Marine Petroleum Trust’s dividend payout ratio is 91.11%.

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.