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

StockNews.com assumed coverage on shares of Marine Petroleum Trust (NASDAQ:MARPSFree Report) in a research note released on Thursday. The brokerage issued a hold rating on the energy company’s stock.

Marine Petroleum Trust Stock Up 0.9 %

Shares of MARPS stock opened at $3.86 on Thursday. The stock has a market cap of $7.71 million, a PE ratio of 12.44 and a beta of 0.18. The business has a 50-day simple moving average of $4.07 and a 200-day simple moving average of $4.02. Marine Petroleum Trust has a 52-week low of $3.76 and a 52-week high of $6.50.

Marine Petroleum Trust (NASDAQ:MARPSGet Free Report) last announced its quarterly earnings results on Thursday, February 13th. The energy company reported $0.04 earnings per share for the quarter. Marine Petroleum Trust had a return on equity of 63.85% and a net margin of 63.53%. The firm had revenue of $170 billion during the quarter.

Marine Petroleum Trust Cuts Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, March 28th. Stockholders of record on Friday, February 28th will be given a $0.0771 dividend. The ex-dividend date is Friday, February 28th. This represents a $0.31 dividend on an annualized basis and a dividend yield of 8.00%. Marine Petroleum Trust’s dividend payout ratio (DPR) is presently 96.77%.

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.

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