Marine Petroleum Trust (NASDAQ:MARPS) Releases Quarterly Earnings Results

Marine Petroleum Trust (NASDAQ:MARPS) announced its quarterly earnings data on Thursday. The energy company reported $0.07 earnings per share (EPS) for the quarter, Zacks reports. Marine Petroleum Trust had a return on equity of 76.87% and a net margin of 69.73%.

Marine Petroleum Trust Trading Down 2.1%

Shares of MARPS stock traded down $0.10 during mid-day trading on Thursday, reaching $4.36. The stock had a trading volume of 1,645 shares, compared to its average volume of 32,303. The company has a market cap of $8.71 million, a P/E ratio of 12.10 and a beta of 0.21. Marine Petroleum Trust has a 12-month low of $3.34 and a 12-month high of $7.90. The business has a 50-day simple moving average of $4.66 and a 200 day simple moving average of $4.49.

Marine Petroleum Trust Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, September 29th. Shareholders of record on Friday, August 29th were given a dividend of $0.0681 per share. This represents a $0.27 dividend on an annualized basis and a yield of 6.3%. The ex-dividend date was Friday, August 29th. Marine Petroleum Trust’s payout ratio is presently 75.00%.

Wall Street Analyst Weigh In

Separately, Weiss Ratings cut shares of Marine Petroleum Trust from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Tuesday. One investment analyst has rated the stock with a Sell rating, According to MarketBeat.com, the company currently has a consensus rating of “Sell”.

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.