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

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

Marine Petroleum Trust Stock Up 0.3 %

NASDAQ MARPS opened at $4.02 on Friday. Marine Petroleum Trust has a 12-month low of $3.76 and a 12-month high of $6.50. The stock has a market capitalization of $8.04 million, a PE ratio of 10.89 and a beta of 0.26. The company has a 50 day moving average price of $4.03 and a two-hundred day moving average price of $4.03.

Marine Petroleum Trust Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, December 30th. Shareholders of record on Friday, November 29th were paid a $0.1029 dividend. The ex-dividend date was Friday, November 29th. This is a boost from Marine Petroleum Trust’s previous quarterly dividend of $0.09. This represents a $0.41 dividend on an annualized basis and a yield of 10.24%. Marine Petroleum Trust’s payout ratio is 110.81%.

Analyst Upgrades and Downgrades

Separately, StockNews.com initiated coverage on shares of Marine Petroleum Trust in a research note on Sunday, February 9th. They issued a “hold” rating for the company.

About Marine Petroleum Trust

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.