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

Shares of Marine Petroleum Trust (NASDAQ:MARPS) passed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $4.47 and traded as low as $4.41. Marine Petroleum Trust shares last traded at $4.44, with a volume of 2,313 shares.

Analysts Set New Price Targets

Separately, Weiss Ratings restated a “hold (c-)” rating on shares of Marine Petroleum Trust in a research note on Tuesday, October 14th. One investment analyst has rated the stock with a Hold rating, According to MarketBeat.com, the company currently has an average rating of “Hold”.

Marine Petroleum Trust Price Performance

The stock has a market capitalization of $8.88 million, a price-to-earnings ratio of 12.33 and a beta of 0.21. The firm’s fifty day moving average is $4.67 and its 200-day moving average is $4.47.

Marine Petroleum Trust (NASDAQ:MARPS) last posted its quarterly earnings results on Monday, September 29th. The energy company reported $0.08 EPS for the quarter. The business had revenue of $0.24 million during the quarter. Marine Petroleum Trust had a return on equity of 76.87% and a net margin of 69.73%.

Marine Petroleum Trust Cuts Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, September 29th. Shareholders of record on Friday, August 29th were issued a $0.0681 dividend. This represents a $0.27 dividend on an annualized basis and a yield of 6.1%. The ex-dividend date of this dividend was Friday, August 29th. Marine Petroleum Trust’s payout ratio is currently 75.00%.

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.