Marine Petroleum Trust (NASDAQ:MARPS) Coverage Initiated at StockNews.com

Posted by Latisha Jones on Aug 5th, 2024

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

Marine Petroleum Trust Price Performance

Marine Petroleum Trust stock opened at $3.84 on Thursday. 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 $3.94 and a two-hundred day moving average price of $4.21. The firm has a market cap of $7.68 million, a price-to-earnings ratio of 9.60 and a beta of 0.23.

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

Marine Petroleum Trust Cuts Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, June 28th. Investors of record on Friday, May 31st were paid a dividend of $0.056 per share. The ex-dividend date was Friday, May 31st. This represents a $0.22 annualized dividend and a yield of 5.83%. Marine Petroleum Trust’s dividend payout ratio is 55.00%.

About Marine Petroleum Trust

(Get Free Report)

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.