Marine Petroleum Trust (NASDAQ:MARPS) Share Price Passes Below 200 Day Moving Average of $4.51

Marine Petroleum Trust (NASDAQ:MARPS)’s share price passed below its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $4.51 and traded as low as $4.17. Marine Petroleum Trust shares last traded at $4.20, with a volume of 3,343 shares changing hands.

Analysts Set New Price Targets

MARPS has been the topic of a number of recent research reports. StockNews.com initiated coverage on shares of Marine Petroleum Trust in a research note on Saturday. They issued a “hold” rating on the stock. TheStreet lowered shares of Marine Petroleum Trust from a “b-” rating to a “c+” rating in a research note on Wednesday, February 14th.

Marine Petroleum Trust Stock Up 0.7 %

The business’s 50-day moving average is $4.30 and its two-hundred day moving average is $4.51. The company has a market capitalization of $8.40 million, a P/E ratio of 9.33 and a beta of 0.15.

Marine Petroleum Trust (NASDAQ:MARPS) last released its quarterly earnings results on Wednesday, February 14th. The energy company reported $0.10 earnings per share for the quarter. Marine Petroleum Trust had a net margin of 76.23% and a return on equity of 93.01%. The company had revenue of $0.26 million for the quarter.

Marine Petroleum Trust Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, March 28th. Investors of record on Thursday, February 29th were given a dividend of $0.102 per share. This is a positive change from Marine Petroleum Trust’s previous quarterly dividend of $0.08. This represents a $0.41 dividend on an annualized basis and a dividend yield of 9.71%. The ex-dividend date of this dividend was Wednesday, February 28th. Marine Petroleum Trust’s dividend payout ratio (DPR) is presently 91.11%.

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.