Investment analysts at StockNews.com started coverage on shares of Martin Midstream Partners (NASDAQ:MMLP - Get Free Report) in a note issued to investors on Saturday. The brokerage set a "buy" rating on the pipeline company's stock.
Martin Midstream Partners Price Performance
Shares of Martin Midstream Partners stock traded up $0.02 during trading hours on Friday, reaching $3.25. The company had a trading volume of 106,825 shares, compared to its average volume of 149,954. Martin Midstream Partners has a one year low of $2.04 and a one year high of $4.13. The firm has a market cap of $126.75 million, a PE ratio of 32.50 and a beta of 2.12. The business has a fifty day simple moving average of $3.86 and a 200 day simple moving average of $3.74.
Martin Midstream Partners (NASDAQ:MMLP - Get Free Report) last posted its earnings results 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 negative return on equity of 6.93% and a net margin of 0.59%. The firm had revenue of $170.93 million for the quarter, compared to the consensus estimate of $176.43 million. During the same period last year, the company posted ($0.03) EPS. On average, research analysts forecast that Martin Midstream Partners will post 0.16 EPS for the current year.
Institutional Inflows and Outflows
A hedge fund recently raised its stake in Martin Midstream Partners stock. De Lisle Partners LLP boosted its holdings in Martin Midstream Partners L.P. (NASDAQ:MMLP - Free Report) by 13.0% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 260,833 shares of the pipeline company's stock after purchasing an additional 30,000 shares during the period. De Lisle Partners LLP owned approximately 0.67% of Martin Midstream Partners worth $953,000 at the end of the most recent reporting period. Hedge funds and other institutional investors own 34.90% of the company's stock.
About Martin Midstream Partners
(
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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