Marine Petroleum Trust (NASDAQ:MARPS – Get Free Report)’s share price crossed above its 50-day moving average during trading on Friday. The stock has a 50-day moving average of $4.42 and traded as high as $4.45. Marine Petroleum Trust shares last traded at $4.45, with a volume of 7,314 shares.
Analyst Upgrades and Downgrades
Separately, Weiss Ratings raised Marine Petroleum Trust from a “hold (c-)” rating to a “hold (c)” rating in a research report on Monday, September 28th. One research analyst has rated the stock with a Hold rating. Based on data from MarketBeat.com, Marine Petroleum Trust presently has a consensus rating of “Hold”.
Read Our Latest Stock Report on MARPS
Marine Petroleum Trust Stock Performance
The firm has a market capitalization of $8.90 million, a P/E ratio of 13.09 and a beta of 0.37. The business’s fifty day moving average price is $4.42 and its two-hundred day moving average price is $4.75.
Marine Petroleum Trust (NASDAQ:MARPS – Get Free Report) last posted its quarterly earnings data on Friday, September 25th. The energy company reported $0.10 EPS for the quarter. Marine Petroleum Trust had a net margin of 67.00% and a return on equity of 69.15%. The firm had revenue of $0.26 million during the quarter.
Marine Petroleum Trust Cuts Dividend
The company also recently declared a quarterly dividend, which was paid on Monday, September 28th. Shareholders of record on Monday, August 31st were issued a $0.0954 dividend. This is a decrease from Marine Petroleum Trust’s previous quarterly dividend of $0.0965. This represents a $0.38 annualized dividend and a yield of 8.6%. The ex-dividend date of this dividend was Monday, August 31st. Marine Petroleum Trust’s dividend payout ratio is presently 111.76%.
Marine Petroleum Trust Company Profile
Marine Petroleum Trust is a publicly traded royalty trust organized to receive income from oil and natural gas properties. The trust does not operate drilling rigs or provide energy services directly; instead, it holds royalty interests in producing and prospective oil and gas assets and distributes the resulting proceeds to its unit holders after expenses and other obligations.
The trust’s interests are primarily associated with offshore properties in the Gulf of Mexico, including areas off the coasts of Louisiana and Texas.
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