Marine Petroleum Trust (NASDAQ:MARPS) Share Price Passes Above 50-Day Moving Average – Time to Sell?

Marine Petroleum Trust (NASDAQ:MARPS) shares passed above its 50-day moving average during trading on Monday . The stock has a 50-day moving average of $4.37 and traded as high as $4.42. Marine Petroleum Trust shares last traded at $4.35, with a volume of 46,490 shares changing hands.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reissued a “sell (d+)” rating on shares of Marine Petroleum Trust in a research note on Monday, December 29th. One analyst has rated the stock with a Sell rating, According to MarketBeat, the company has an average rating of “Sell”.

Marine Petroleum Trust Trading Up 4.8%

The business has a fifty day moving average of $4.37 and a 200 day moving average of $4.55. The company has a market capitalization of $8.70 million, a PE ratio of 14.03 and a beta of 0.28.

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

Marine Petroleum Trust Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, December 29th. Shareholders of record on Friday, November 28th were given a $0.0491 dividend. This represents a $0.20 annualized dividend and a yield of 4.5%. The ex-dividend date of this dividend was Friday, November 28th. Marine Petroleum Trust’s dividend payout ratio (DPR) is currently 64.52%.

About Marine Petroleum Trust

Marine Petroleum Trust is a royalty trust that holds overriding royalty interests in petroleum and natural gas production assets on Alaska’s North Slope. Established in 1998, the trust’s primary asset is its net profits interest in the Nikaitchuq Unit, a large oil field operated under state and federal leases. Rather than engaging in exploration or production itself, Marine Petroleum Trust receives income in the form of royalties and net profits from production activities carried out by the unit operator.

The trust’s revenues are generated solely by hydrocarbons extracted from the Nikaitchuq field, with crude oil transported via the Trans-Alaska Pipeline System.