Marine Petroleum Trust (NASDAQ:MARPS) Stock Price Passes Below Two Hundred Day Moving Average of $4.38

Marine Petroleum Trust (NASDAQ:MARPSGet Free Report) shares passed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $4.38 and traded as low as $4.07. Marine Petroleum Trust shares last traded at $4.08, with a volume of 3,663 shares.

Analyst Upgrades and Downgrades

MARPS has been the subject of a number of analyst reports. TheStreet lowered shares of Marine Petroleum Trust from a “b-” rating to a “c+” rating in a report on Wednesday, February 14th. StockNews.com initiated coverage on shares of Marine Petroleum Trust in a report on Thursday. They issued a “hold” rating for the company.

View Our Latest Stock Analysis on MARPS

Marine Petroleum Trust Price Performance

The stock’s fifty day moving average is $4.38 and its 200-day moving average is $4.38. The stock has a market cap of $8.15 million, a PE ratio of 10.19 and a beta of 0.17.

Marine Petroleum Trust (NASDAQ:MARPSGet Free Report) last posted its earnings results on Tuesday, May 14th. The energy company reported $0.06 EPS for the quarter. Marine Petroleum Trust had a net margin of 70.95% and a return on equity of 83.39%. The company had revenue of $0.25 million for the quarter.

Marine Petroleum Trust Cuts Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, June 28th. Shareholders of record on Friday, May 31st will be given a $0.056 dividend. The ex-dividend date of this dividend is Friday, May 31st. This represents a $0.22 dividend on an annualized basis and a yield of 5.50%. Marine Petroleum Trust’s payout ratio is currently 55.00%.

About Marine Petroleum Trust

(Get Free Report)

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.

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