Marine Petroleum Trust (NASDAQ:MARPS) Share Price Passes Below 200-Day Moving Average – Should You Sell?

Marine Petroleum Trust (NASDAQ:MARPS)’s share price passed below its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of $4.02 and traded as low as $3.79. Marine Petroleum Trust shares last traded at $3.85, with a volume of 301 shares.

Analysts Set New Price Targets

Separately, StockNews.com began coverage on Marine Petroleum Trust in a research note on Thursday. They issued a “hold” rating on the stock.

Marine Petroleum Trust Price Performance

The business has a 50 day simple moving average of $4.07 and a 200 day simple moving average of $4.02. The stock has a market cap of $7.70 million, a PE ratio of 12.42 and a beta of 0.18.

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

Marine Petroleum Trust Cuts Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, March 28th. Investors of record on Friday, February 28th will be given a dividend of $0.0771 per share. 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 8.01%. Marine Petroleum Trust’s dividend payout ratio (DPR) 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.