StockNews.com assumed coverage on shares of Martin Midstream Partners (NASDAQ:MMLP – Free Report) in a research note released on Wednesday morning. The brokerage issued a buy rating on the pipeline company’s stock.
Martin Midstream Partners Trading Up 0.3 %
Shares of NASDAQ MMLP opened at $4.00 on Wednesday. Martin Midstream Partners has a 12-month low of $2.04 and a 12-month high of $4.13. The stock has a 50 day simple moving average of $3.73 and a 200-day simple moving average of $3.40. The company has a market cap of $156 million, a PE ratio of 40.00 and a beta of 2.12.
Martin Midstream Partners (NASDAQ:MMLP – Get Free Report) last released its earnings results on Wednesday, October 16th. The pipeline company reported ($0.08) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.03) by ($0.05). The firm had revenue of $170.93 million for the quarter, compared to analyst estimates of $176.43 million. Martin Midstream Partners had a negative return on equity of 6.93% and a net margin of 0.59%. During the same period in the previous year, the firm earned ($0.03) earnings per share. Sell-side analysts forecast that Martin Midstream Partners will post 0.16 earnings per share for the current fiscal year.
Martin Midstream Partners Announces Dividend
Institutional Investors Weigh In On Martin Midstream Partners
A hedge fund recently bought a new stake in Martin Midstream Partners stock. Virtu Financial LLC acquired a new position in Martin Midstream Partners L.P. (NASDAQ:MMLP – Free Report) during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund acquired 21,342 shares of the pipeline company’s stock, valued at approximately $55,000. Virtu Financial LLC owned 0.05% of Martin Midstream Partners as of its most recent filing with the Securities and Exchange Commission (SEC). Institutional investors own 34.90% of the company’s stock.
About Martin Midstream Partners
Martin Midstream Partners L.P., together with its subsidiaries, provides terminalling, processing, storage, and packaging services for petroleum products and by-products primarily in the United States. The company operates in four segments: Terminalling and Storage, Transportation, Sulfur Services, and Specialty Products.
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