Equities research analysts at StockNews.com started coverage on shares of Martin Midstream Partners (NASDAQ:MMLP - Get Free Report) in a research report issued on Friday. The brokerage set a "buy" rating on the pipeline company's stock.
Martin Midstream Partners Stock Performance
NASDAQ MMLP remained flat at $3.97 on Friday. 56,392 shares of the company's stock traded hands, compared to its average volume of 98,530. The stock's fifty day simple moving average is $3.79 and its 200-day simple moving average is $3.49. The company has a market capitalization of $154.83 million, a price-to-earnings ratio of 39.70 and a beta of 2.10. Martin Midstream Partners has a 1 year low of $2.04 and a 1 year high of $4.13.
Martin Midstream Partners (NASDAQ:MMLP - Get Free Report) last posted its quarterly earnings data on Wednesday, October 16th. The pipeline company reported ($0.08) earnings per share for the quarter, missing analysts' consensus estimates of ($0.03) by ($0.05). Martin Midstream Partners had a net margin of 0.59% and a negative return on equity of 6.93%. The company had revenue of $170.93 million during the quarter, compared to analyst estimates of $176.43 million. During the same quarter in the previous year, the company earned ($0.03) earnings per share. As a group, research analysts expect that Martin Midstream Partners will post 0.16 earnings per share for the current fiscal year.
Institutional Investors Weigh In On Martin Midstream Partners
An institutional investor recently bought a new position in Martin Midstream Partners stock. Virtu Financial LLC bought a new position in Martin Midstream Partners L.P. (NASDAQ:MMLP - Free Report) in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 21,342 shares of the pipeline company's stock, valued at approximately $55,000. Virtu Financial LLC owned approximately 0.05% of Martin Midstream Partners as of its most recent filing with the Securities and Exchange Commission (SEC). Hedge funds and other institutional investors own 34.90% of the company's stock.
Martin Midstream Partners Company Profile
(
Get Free Report)
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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