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

Marine Petroleum Trust (NASDAQ:MARPS)’s share price crossed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $4.55 and traded as low as $4.20. Marine Petroleum Trust shares last traded at $4.2150, with a volume of 3,047 shares trading hands.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reiterated a “sell (d+)” rating on shares of Marine Petroleum Trust in a report on Monday. One research analyst has rated the stock with a Sell rating, According to MarketBeat, Marine Petroleum Trust currently has a consensus rating of “Sell”.

Marine Petroleum Trust Trading Down 0.4%

The firm’s 50-day moving average price is $4.50 and its two-hundred day moving average price is $4.55. The stock has a market cap of $8.43 million, a PE ratio of 13.60 and a beta of 0.27.

Marine Petroleum Trust (NASDAQ:MARPS) last issued its quarterly earnings data on Thursday, November 13th. The energy company reported $0.07 EPS for the quarter. The company had revenue of $0.22 million during 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 business also recently disclosed a quarterly dividend, which will be paid on Monday, December 29th. Investors of record on Friday, November 28th will be paid a dividend of $0.0491 per share. This represents a $0.20 dividend on an annualized basis and a dividend yield of 4.7%. The ex-dividend date is Friday, November 28th. Marine Petroleum Trust’s dividend payout ratio is 64.52%.

Marine Petroleum Trust Company Profile

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.