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

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

Marine Petroleum Trust Stock Performance

NASDAQ:MARPS opened at $4.22 on Friday. Marine Petroleum Trust has a 52 week low of $3.77 and a 52 week high of $6.50. The firm has a market cap of $8.44 million, a price-to-earnings ratio of 10.55 and a beta of 0.23. The firm’s 50-day simple moving average is $3.91 and its 200 day simple moving average is $4.19.

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

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 issued a $0.056 dividend. This represents a $0.22 annualized dividend and a yield of 5.31%. The ex-dividend date of this dividend was Friday, May 31st. Marine Petroleum Trust’s dividend payout ratio is currently 55.00%.

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.