Marine Petroleum Trust (NASDAQ:MARPS) Share Price Crosses Below 200 Day Moving Average – Here’s Why

Marine Petroleum Trust (NASDAQ:MARPS) 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 changing hands.

Wall Street Analyst Weigh In

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

Marine Petroleum Trust Stock Performance

The stock’s 50-day simple moving average is $4.04 and its 200 day simple moving average is $4.01. The company has a market capitalization of $7.84 million, a PE ratio of 12.65 and a beta of 0.18.

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

Marine Petroleum Trust Cuts Dividend

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