Marine Petroleum Trust (NASDAQ:MARPS) Stock Price Passes Below 200 Day Moving Average – Here’s Why

Marine Petroleum Trust (NASDAQ:MARPS)’s share price crossed below its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of $4.54 and traded as low as $4.29. Marine Petroleum Trust shares last traded at $4.3250, with a volume of 861 shares.

Analysts Set New Price Targets

Separately, Weiss Ratings reiterated a “sell (d+)” rating on shares of Marine Petroleum Trust in a report on Monday. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the company currently has an average rating of “Sell”.

Marine Petroleum Trust Trading Up 0.1%

The firm has a market cap of $8.65 million, a PE ratio of 13.95 and a beta of 0.27. The company has a 50-day simple moving average of $4.55 and a 200 day simple moving average of $4.54.

Marine Petroleum Trust (NASDAQ:MARPS) last posted its earnings results on Thursday, November 13th. The energy company reported $0.07 earnings per share (EPS) for the quarter. Marine Petroleum Trust had a net margin of 64.77% and a return on equity of 67.66%. The business had revenue of $0.22 million for the quarter.

Marine Petroleum Trust Cuts Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, December 29th. Stockholders of record on Friday, November 28th will be given a dividend of $0.0491 per share. The ex-dividend date is Friday, November 28th. This represents a $0.20 dividend on an annualized basis and a dividend yield of 4.5%. Marine Petroleum Trust’s dividend payout ratio (DPR) is 64.52%.

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.