Marine Petroleum Trust (NASDAQ:MARPS) Stock Crosses Below 200 Day Moving Average – Should You Sell?

Shares of Marine Petroleum Trust (NASDAQ:MARPS) passed below its 200-day moving average during trading on Thursday . The stock has a 200-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.

Analysts Set New Price Targets

Separately, StockNews.com started coverage on shares of Marine Petroleum Trust in a research report on Friday. They set a “hold” rating for the company.

Marine Petroleum Trust Stock Down 0.2 %

The business’s fifty day moving average is $4.03 and its 200-day moving average is $4.01. The stock 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 announced its earnings results on Thursday, February 13th. The energy company reported $0.04 earnings per share for the quarter. The business had revenue of $170 billion during 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 company also recently announced a quarterly dividend, which will be paid on Friday, March 28th. Stockholders of record on Friday, February 28th will be paid a $0.0771 dividend. The ex-dividend date of this dividend is Friday, February 28th. This represents a $0.31 annualized dividend and a dividend yield of 7.87%. 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.