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

Marine Petroleum Trust (NASDAQ:MARPS)’s share price crossed 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 changing hands.

Wall Street Analyst Weigh In

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

Marine Petroleum Trust Stock Up 1.0 %

The firm has a market cap of $7.70 million, a price-to-earnings ratio of 12.42 and a beta of 0.18. The stock has a fifty day moving average price of $4.07 and a 200-day moving average price of $4.02.

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

Marine Petroleum Trust Cuts Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, March 28th. Investors of record on Friday, February 28th will be paid a $0.0771 dividend. The ex-dividend date is Friday, February 28th. This represents a $0.31 annualized dividend and a yield of 8.01%. Marine Petroleum Trust’s payout ratio is currently 96.77%.

About Marine Petroleum Trust

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.