Marine Petroleum Trust (NASDAQ:MARPS) Shares Pass Below 200 Day Moving Average – What’s Next?

Marine Petroleum Trust (NASDAQ:MARPS)’s stock price crossed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $3.94 and traded as low as $3.81. Marine Petroleum Trust shares last traded at $3.92, with a volume of 24,523 shares traded.

Analyst Ratings Changes

Separately, Wall Street Zen assumed coverage on Marine Petroleum Trust in a research note on Friday, May 16th. They issued a “hold” rating on the stock.

Marine Petroleum Trust Stock Performance

The stock has a market capitalization of $7.84 million, a P/E ratio of 12.65 and a beta of -0.08. The firm has a 50-day moving average price of $3.86 and a 200 day moving average price of $3.94.

Marine Petroleum Trust (NASDAQ:MARPS) last issued its earnings results on Wednesday, May 14th. The energy company reported $0.12 earnings per share (EPS) for the quarter. Marine Petroleum Trust had a return on equity of 63.85% and a net margin of 63.53%. The business had revenue of $0.34 million during the quarter.

Marine Petroleum Trust Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, June 30th. Stockholders of record on Friday, May 30th will be issued a $0.111 dividend. This represents a $0.44 dividend on an annualized basis and a dividend yield of 11.32%. This is a positive change from Marine Petroleum Trust’s previous quarterly dividend of $0.08. The ex-dividend date is Friday, May 30th. Marine Petroleum Trust’s payout ratio is presently 118.92%.

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.