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 research note published on Monday morning. The firm issued a hold rating on the energy company’s stock.

Marine Petroleum Trust Trading Up 1.2 %

NASDAQ MARPS opened at $4.09 on Monday. The firm’s 50 day simple moving average is $4.08 and its 200 day simple moving average is $4.08. The firm has a market capitalization of $8.18 million, a price-to-earnings ratio of 10.23 and a beta of 0.24. Marine Petroleum Trust has a 1 year low of $3.77 and a 1 year high of $6.50.

Marine Petroleum Trust (NASDAQ:MARPS) last announced its quarterly earnings data on Monday, September 30th. The energy company reported $0.09 earnings per share for the quarter. Marine Petroleum Trust had a return on equity of 74.48% and a net margin of 68.16%. The business had revenue of $0.23 million during the quarter.

Marine Petroleum Trust Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, September 30th. Stockholders of record on Friday, August 30th were issued a dividend of $0.095 per share. This is a boost from Marine Petroleum Trust’s previous quarterly dividend of $0.06. This represents a $0.38 annualized dividend and a dividend yield of 9.29%. The ex-dividend date of this dividend was Friday, August 30th. Marine Petroleum Trust’s payout ratio is 95.00%.

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.