Marine Petroleum Trust (NASDAQ:MARPS) Share Price Passes Below 200 Day Moving Average – What’s Next?

Marine Petroleum Trust (NASDAQ:MARPS)’s stock price passed below its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $4.01 and traded as low as $3.87. Marine Petroleum Trust shares last traded at $3.92, with a volume of 1,450 shares.

Analyst Upgrades and Downgrades

Separately, StockNews.com assumed coverage on shares of Marine Petroleum Trust in a report on Friday. They set a “hold” rating on the stock.

Marine Petroleum Trust Stock Performance

The stock’s fifty day moving average is $4.03 and its two-hundred day moving average is $4.01. The firm has a market cap of $7.84 million, a price-to-earnings ratio of 12.65 and a beta of 0.18.

Marine Petroleum Trust (NASDAQ:MARPS) last released its quarterly earnings data on Thursday, February 13th. The energy company reported $0.04 earnings per share for the quarter. Marine Petroleum Trust had a net margin of 63.53% and a return on equity of 63.85%. The business had revenue of $170 billion for the quarter.

Marine Petroleum Trust Cuts Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, March 28th. Investors of record on Friday, February 28th will be given a $0.0771 dividend. The ex-dividend date of this dividend is Friday, February 28th. This represents a $0.31 dividend on an annualized basis and a yield of 7.87%. Marine Petroleum Trust’s dividend payout ratio is presently 96.77%.

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.