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

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.

Marine Petroleum Trust Stock Performance

MARPS opened at $3.81 on Friday. The stock’s fifty day simple moving average is $4.00 and its 200 day simple moving average is $3.99. Marine Petroleum Trust has a 1-year low of $3.77 and a 1-year high of $6.50.

Marine Petroleum Trust (NASDAQ:MARPS) last issued its quarterly earnings data on Monday, September 30th. The energy company reported $0.09 earnings per share (EPS) for the quarter. The firm had revenue of $0.23 million during the quarter. Marine Petroleum Trust had a net margin of 68.94% and a return on equity of 74.22%.

Marine Petroleum Trust Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, December 30th. Investors of record on Friday, November 29th will be given a dividend of $0.1029 per share. This represents a $0.41 dividend on an annualized basis and a yield of 10.80%. This is a positive change from Marine Petroleum Trust’s previous quarterly dividend of $0.09. The ex-dividend date is Friday, November 29th. Marine Petroleum Trust’s dividend payout ratio (DPR) is currently 110.81%.

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.