Marine Petroleum Trust (NASDAQ:MARPS – Get Free Report) shares crossed below its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $4.57 and traded as low as $4.30. Marine Petroleum Trust shares last traded at $4.30, with a volume of 52,692 shares traded.
Wall Street Analyst Weigh In
Separately, Weiss Ratings restated a “sell (d+)” rating on shares of Marine Petroleum Trust in a report on Monday. One analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the stock currently has a consensus rating of “Sell”.
Get Our Latest Report on MARPS
Marine Petroleum Trust Trading Down 13.8%
Marine Petroleum Trust (NASDAQ:MARPS – Get Free Report) last announced its quarterly earnings data on Thursday, November 13th. The energy company reported $0.07 EPS for the quarter. The firm had revenue of $0.22 million for the quarter. Marine Petroleum Trust had a return on equity of 67.66% and a net margin of 64.77%.
Marine Petroleum Trust Cuts Dividend
The business also recently declared a quarterly dividend, which will be paid on Monday, December 29th. Stockholders of record on Friday, November 28th will be issued a dividend of $0.0491 per share. This represents a $0.20 annualized dividend and a dividend yield of 4.6%. The ex-dividend date is Friday, November 28th. Marine Petroleum Trust’s payout ratio is currently 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.
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