Stock analysts at StockNews.com assumed coverage on shares of Martin Midstream Partners (NASDAQ:MMLP - Get Free Report) in a research report issued to clients and investors on Wednesday. The firm set a "buy" rating on the pipeline company's stock.
Martin Midstream Partners Stock Performance
Shares of NASDAQ MMLP remained flat at $4.00 during midday trading on Wednesday. 95,151 shares of the stock traded hands, compared to its average volume of 80,115. Martin Midstream Partners has a 1-year low of $2.04 and a 1-year high of $4.13. The business has a fifty day simple moving average of $3.99 and a two-hundred day simple moving average of $3.70. The firm has a market cap of $156.00 million, a price-to-earnings ratio of 40.00 and a beta of 2.10.
Martin Midstream Partners (NASDAQ:MMLP - Get Free Report) last posted its quarterly earnings results on Wednesday, October 16th. The pipeline company reported ($0.08) EPS for the quarter, missing the consensus estimate 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 business had revenue of $170.93 million during the quarter, compared to analyst estimates of $176.43 million. During the same period last year, the firm posted ($0.03) earnings per share. On average, equities 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 lifted its position in Martin Midstream Partners L.P. (NASDAQ:MMLP - Free Report) by 13.0% in the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 260,833 shares of the pipeline company's stock after acquiring an additional 30,000 shares during the quarter. De Lisle Partners LLP owned approximately 0.67% of Martin Midstream Partners worth $953,000 as of its most recent filing with the SEC. 34.90% of the stock is owned by institutional investors.
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.
Featured Articles
Before you consider Martin Midstream Partners, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Martin Midstream Partners wasn't on the list.
While Martin Midstream Partners currently has a "Hold" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Growth stocks offer a lot of bang for your buck, and we've got the next upcoming superstars to strongly consider for your portfolio.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
