Marine Petroleum Trust (NASDAQ:MARPS) Shares Cross Below Two Hundred Day Moving Average – Should You Sell?

Shares of Marine Petroleum Trust (NASDAQ:MARPS) passed below its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of $4.54 and traded as low as $4.29. Marine Petroleum Trust shares last traded at $4.3250, with a volume of 861 shares.

Analysts Set New Price Targets

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

Marine Petroleum Trust Stock Up 0.1%

The stock has a 50-day simple moving average of $4.55 and a 200 day simple moving average of $4.54. The company has a market cap of $8.65 million, a PE ratio of 13.95 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 earnings per share (EPS) for the quarter. The firm had revenue of $0.22 million during 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. Shareholders of record on Friday, November 28th will be given a dividend of $0.0491 per share. The ex-dividend date is Friday, November 28th. This represents a $0.20 dividend on an annualized basis and a dividend yield of 4.5%. Marine Petroleum Trust’s dividend payout ratio (DPR) is currently 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.