Marine Petroleum Trust (NASDAQ:MARPS) Stock Price Breaks Above 50-Day Moving Average – What’s Next?

Marine Petroleum Trust (NASDAQ:MARPS) shares crossed above its fifty day moving average during trading on Friday. The stock has a fifty 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.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings raised shares of Marine Petroleum Trust from a “hold (c-)” rating to a “hold (c)” rating in a report on Monday, September 28th. One analyst has rated the stock with a Hold rating. According to data from MarketBeat, the stock presently has a consensus rating of “Hold”.

Marine Petroleum Trust Stock Up 3.5%

The stock has a market cap of $8.90 million, a price-to-earnings ratio of 13.09 and a beta of 0.37. The company’s 50-day moving average is $4.42 and its 200-day moving average is $4.75.

Marine Petroleum Trust (NASDAQ:MARPS) last released its quarterly earnings data on Friday, September 25th. The energy company reported $0.10 earnings per share for the quarter. Marine Petroleum Trust had a return on equity of 69.15% and a net margin of 67.00%. The company had revenue of $0.26 million for the quarter.

Marine Petroleum Trust Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, September 28th. Shareholders of record on Monday, August 31st were issued a dividend of $0.0954 per share. The ex-dividend date of this dividend was Monday, August 31st. This is a drop from Marine Petroleum Trust’s previous quarterly dividend of $0.0965. This represents a $0.38 dividend on an annualized basis and a dividend yield of 8.6%. Marine Petroleum Trust’s dividend payout ratio (DPR) is 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.