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

Marine Petroleum Trust (NASDAQ:MARPS)’s stock price crossed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $3.95 and traded as low as $3.84. Marine Petroleum Trust shares last traded at $3.83, with a volume of 4,731 shares traded.

Analysts Set New Price Targets

Separately, Wall Street Zen assumed coverage on Marine Petroleum Trust in a report on Friday, May 16th. They set a “hold” rating for the company.

Marine Petroleum Trust Stock Performance

The company has a market capitalization of $7.66 million, a price-to-earnings ratio of 12.36 and a beta of 0.06. The company has a 50-day moving average price of $3.87 and a 200-day moving average price of $3.95.

Marine Petroleum Trust (NASDAQ:MARPS) last posted its earnings results on Wednesday, May 14th. The energy company reported $0.12 earnings per share (EPS) for the quarter. The company had revenue of $0.34 million during the quarter. Marine Petroleum Trust had a return on equity of 63.85% and a net margin of 63.53%.

Marine Petroleum Trust Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, June 30th. Stockholders of record on Friday, May 30th will be given a dividend of $0.111 per share. This is a positive change from Marine Petroleum Trust’s previous quarterly dividend of $0.08. This represents a $0.44 annualized dividend and a dividend yield of 11.59%. The ex-dividend date of this dividend is Friday, May 30th. Marine Petroleum Trust’s payout ratio is presently 118.92%.

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.