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

StockNews.com began coverage on shares of Marine Petroleum Trust (NASDAQ:MARPS) in a research note published on Wednesday. The brokerage issued a hold rating on the energy company’s stock.

Marine Petroleum Trust Stock Down 3.3 %

MARPS stock opened at $3.77 on Wednesday. The firm has a market capitalization of $7.54 million, a PE ratio of 12.16 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 stock has a 50-day simple moving average of $4.08 and a two-hundred day simple moving average of $4.03.

Marine Petroleum Trust (NASDAQ:MARPS) last issued its quarterly earnings data on Thursday, February 13th. The energy company reported $0.04 EPS for the quarter. The company had revenue of $170 billion during the quarter. Marine Petroleum Trust had a return on equity of 63.85% and a net margin of 63.53%.

Marine Petroleum Trust Cuts Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 28th. Shareholders 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 annualized dividend and a yield of 8.18%. Marine Petroleum Trust’s payout ratio is currently 96.77%.

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.