Marine Petroleum Trust (NASDAQ:MARPS) Announces Earnings Results

Marine Petroleum Trust (NASDAQ:MARPS) released its quarterly earnings results on Thursday. The energy company reported $0.04 earnings per share (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 Price Performance

Shares of MARPS stock traded up $0.07 during trading hours on Thursday, hitting $4.08. 3,823 shares of the company’s stock were exchanged, compared to its average volume of 17,066. Marine Petroleum Trust has a 52 week low of $3.76 and a 52 week high of $6.50. The stock’s 50-day moving average is $4.02 and its 200-day moving average is $4.03. The stock has a market cap of $8.15 million, a price-to-earnings ratio of 11.01 and a beta of 0.26.

Marine Petroleum Trust Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, December 30th. Shareholders of record on Friday, November 29th were given a $0.1029 dividend. This is an increase from Marine Petroleum Trust’s previous quarterly dividend of $0.09. The ex-dividend date was Friday, November 29th. This represents a $0.41 annualized dividend and a yield of 10.10%. Marine Petroleum Trust’s payout ratio is presently 110.81%.

Analyst Ratings Changes

Separately, StockNews.com began coverage on Marine Petroleum Trust in a research note on Sunday. They set a “hold” rating on the stock.

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.