Marine Petroleum Trust (NASDAQ:MARPS) Earns Hold Rating from Analysts at StockNews.com

StockNews.com began coverage on shares of Marine Petroleum Trust (NASDAQ:MARPS) in a report published on Friday morning. The firm issued a hold rating on the energy company’s stock.

Marine Petroleum Trust Price Performance

MARPS stock opened at $3.80 on Friday. Marine Petroleum Trust has a 1 year low of $3.34 and a 1 year high of $5.20. The firm has a market capitalization of $7.60 million, a PE ratio of 12.26 and a beta of 0.06. The business has a 50 day simple moving average of $3.88 and a 200-day simple moving average of $3.96.

Marine Petroleum Trust (NASDAQ:MARPS) last released its quarterly earnings data on Wednesday, May 14th. The energy company reported $0.12 EPS for the quarter. Marine Petroleum Trust had a return on equity of 63.85% and a net margin of 63.53%. The firm had revenue of $0.34 million for the quarter.

Marine Petroleum Trust Cuts Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 28th. Investors of record on Friday, February 28th were issued a $0.0771 dividend. This represents a $0.31 dividend on an annualized basis and a yield of 8.12%. The ex-dividend date was Friday, February 28th. Marine Petroleum Trust’s dividend payout ratio is presently 81.08%.

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.