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

Posted by Patrick Bannon on Nov 24th, 2024

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

Marine Petroleum Trust Price Performance

MARPS stock opened at $4.06 on Thursday. Marine Petroleum Trust has a 1 year low of $3.77 and a 1 year high of $6.50. The firm has a market capitalization of $8 million, a P/E ratio of 10.97 and a beta of 0.24. The business’s 50-day moving average is $4.07 and its two-hundred day moving average is $4.04.

Marine Petroleum Trust (NASDAQ:MARPS – Get Free Report) last issued its quarterly earnings results on Monday, September 30th. The energy company reported $0.09 earnings per share (EPS) for the quarter. Marine Petroleum Trust had a net margin of 68.94% and a return on equity of 74.22%. The company had revenue of $0.23 million during the quarter.

Marine Petroleum Trust Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, December 30th. Shareholders of record on Friday, November 29th will be issued a dividend of $0.1029 per share. The ex-dividend date of this dividend is Friday, November 29th. This represents a $0.41 dividend on an annualized basis and a yield of 10.14%. This is a boost from Marine Petroleum Trust’s previous quarterly dividend of $0.09. Marine Petroleum Trust’s dividend payout ratio (DPR) is presently 102.70%.

Marine Petroleum Trust Company Profile

(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.