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

Marine Petroleum Trust (NASDAQ:MARPS) shares crossed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $4.57 and traded as low as $4.30. Marine Petroleum Trust shares last traded at $4.30, with a volume of 52,692 shares trading hands.

Analyst Ratings Changes

Separately, Weiss Ratings restated a “sell (d+)” rating on shares of Marine Petroleum Trust in a report on Monday, December 15th. One research analyst has rated the stock with a Sell rating, According to data from MarketBeat, the stock has an average rating of “Sell”.

Marine Petroleum Trust Trading Up 0.5%

The firm has a market capitalization of $8.64 million, a PE ratio of 13.94 and a beta of 0.27. The firm has a 50-day moving average of $4.48 and a two-hundred day moving average of $4.57.

Marine Petroleum Trust (NASDAQ:MARPS) last released its quarterly earnings data on Thursday, November 13th. The energy company reported $0.07 earnings per share for the quarter. The business had revenue of $0.22 million for the quarter. Marine Petroleum Trust had a return on equity of 67.66% and a net margin of 64.77%.

Marine Petroleum Trust Cuts Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, December 29th. Stockholders of record on Friday, November 28th will be given a $0.0491 dividend. The ex-dividend date of this dividend is Friday, November 28th. This represents a $0.20 annualized dividend and a dividend yield of 4.5%. Marine Petroleum Trust’s dividend payout ratio is presently 64.52%.

About Marine Petroleum Trust

Marine Petroleum Trust is a royalty trust that holds overriding royalty interests in petroleum and natural gas production assets on Alaska’s North Slope. Established in 1998, the trust’s primary asset is its net profits interest in the Nikaitchuq Unit, a large oil field operated under state and federal leases. Rather than engaging in exploration or production itself, Marine Petroleum Trust receives income in the form of royalties and net profits from production activities carried out by the unit operator.

The trust’s revenues are generated solely by hydrocarbons extracted from the Nikaitchuq field, with crude oil transported via the Trans-Alaska Pipeline System.