Marine Petroleum Trust (NASDAQ:MARPS) Stock Price Crosses Above 50-Day Moving Average – What’s Next?

Marine Petroleum Trust (NASDAQ:MARPS) crossed 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.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reiterated 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 data from MarketBeat, the stock presently has a consensus rating of “Sell”.

Marine Petroleum Trust Price Performance

The stock has a market cap of $8.70 million, a price-to-earnings ratio of 14.03 and a beta of 0.28. The business’s 50 day moving average is $4.37 and its 200 day moving average is $4.55.

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

Marine Petroleum Trust Cuts Dividend

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