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

StockNews.com assumed coverage on shares of Marine Petroleum Trust (NASDAQ:MARPS) in a research report sent to investors on Friday morning. 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 research note on Wednesday, February 14th.

Marine Petroleum Trust Price Performance

Shares of NASDAQ:MARPS opened at $4.26 on Friday. The firm’s 50 day simple moving average is $4.31 and its 200 day simple moving average is $4.52. Marine Petroleum Trust has a fifty-two week low of $3.90 and a fifty-two week high of $7.83. The company has a market capitalization of $8.52 million, a price-to-earnings ratio of 9.47 and a beta of 0.15.

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

Marine Petroleum Trust Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, March 28th. Stockholders of record on Thursday, February 29th were issued a $0.102 dividend. This represents a $0.41 annualized dividend and a dividend yield of 9.58%. The ex-dividend date was Wednesday, February 28th. This is a boost from Marine Petroleum Trust’s previous quarterly dividend of $0.08. Marine Petroleum Trust’s dividend payout ratio is 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.