Marine Petroleum Trust (NASDAQ:MARPS) Releases Quarterly Earnings Results

Marine Petroleum Trust (NASDAQ:MARPS) posted its earnings results on Thursday. The energy company reported $0.04 earnings per share (EPS) for the quarter, Zacks reports. Marine Petroleum Trust had a return on equity of 74.22% and a net margin of 68.94%.

Marine Petroleum Trust Price Performance

NASDAQ:MARPS traded up $0.07 during trading hours on Thursday, reaching $4.08. 3,822 shares of the stock were exchanged, compared to its average volume of 17,066. The stock has a market cap of $8.15 million, a PE ratio of 11.01 and a beta of 0.26. Marine Petroleum Trust has a twelve month low of $3.76 and a twelve month high of $6.50. The firm has a 50 day moving average of $4.02 and a 200 day moving average of $4.03.

Marine Petroleum Trust Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, December 30th. Investors of record on Friday, November 29th were given a $0.1029 dividend. This represents a $0.41 dividend on an annualized basis and a yield of 10.10%. The ex-dividend date was Friday, November 29th. This is a positive change from Marine Petroleum Trust’s previous quarterly dividend of $0.09. Marine Petroleum Trust’s dividend payout ratio (DPR) is currently 110.81%.

Analysts Set New Price Targets

Separately, StockNews.com began coverage on shares of Marine Petroleum Trust in a research report on Sunday. They issued a “hold” rating on the stock.

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.