StockNews.com Begins Coverage on Marine Petroleum Trust (NASDAQ:MARPS)

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

Marine Petroleum Trust Price Performance

Marine Petroleum Trust stock opened at $3.82 on Friday. The firm has a market cap of $7.64 million, a price-to-earnings ratio of 9.55 and a beta of 0.23. Marine Petroleum Trust has a fifty-two week low of $3.77 and a fifty-two week high of $6.50. The firm has a fifty day moving average price of $4.13 and a two-hundred day moving average price of $4.29.

Marine Petroleum Trust (NASDAQ:MARPS) last released its earnings results on Tuesday, May 14th. The energy company reported $0.06 earnings per share for the quarter. The firm had revenue of $0.25 million during the quarter. Marine Petroleum Trust had a net margin of 70.95% and a return on equity of 83.39%.

Marine Petroleum Trust Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, June 28th. Shareholders of record on Friday, May 31st were given a dividend of $0.056 per share. This represents a $0.22 dividend on an annualized basis and a yield of 5.86%. The ex-dividend date of this dividend was Friday, May 31st. Marine Petroleum Trust’s dividend payout ratio is 55.00%.

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.