StockNews.com Begins Coverage on Marine Petroleum Trust (NASDAQ:MARPS)

StockNews.com started coverage on shares of Marine Petroleum Trust (NASDAQ:MARPS) in a research note issued to investors on Sunday. The firm issued a hold rating on the energy company’s stock.

Separately, TheStreet cut Marine Petroleum Trust from a b- rating to a c+ rating in a report on Wednesday, February 14th.

Marine Petroleum Trust Stock Performance

Shares of NASDAQ:MARPS opened at $4.16 on Friday. The company’s fifty day moving average is $4.29 and its 200-day moving average is $4.44. The company has a market capitalization of $8.32 million, a PE ratio of 9.24 and a beta of 0.14. Marine Petroleum Trust has a 52 week low of $3.90 and a 52 week high of $7.83.

Marine Petroleum Trust (NASDAQ:MARPS) last issued its quarterly earnings results on Wednesday, February 14th. The energy company reported $0.10 earnings per share (EPS) for the quarter. The business had revenue of $0.26 million for the quarter. Marine Petroleum Trust had a net margin of 76.23% and a return on equity of 93.01%.

Marine Petroleum Trust Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, March 28th. Investors of record on Thursday, February 29th were issued a dividend of $0.102 per share. This represents a $0.41 dividend on an annualized basis and a yield of 9.81%. This is an increase from Marine Petroleum Trust’s previous quarterly dividend of $0.08. The ex-dividend date of this dividend was Wednesday, February 28th. Marine Petroleum Trust’s payout ratio is presently 91.11%.

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.