StockNews.com started coverage on shares of Martin Midstream Partners (NASDAQ:MMLP - Free Report) in a report published on Sunday morning. The brokerage issued a buy rating on the pipeline company's stock.
Martin Midstream Partners Stock Performance
NASDAQ MMLP traded down $0.10 on Friday, hitting $3.56. The stock had a trading volume of 78,038 shares, compared to its average volume of 161,968. The firm has a 50-day moving average of $3.82 and a 200-day moving average of $3.75. Martin Midstream Partners has a 52-week low of $2.04 and a 52-week high of $4.13. The company has a market capitalization of $138.84 million, a price-to-earnings ratio of 35.60 and a beta of 2.12.
Martin Midstream Partners (NASDAQ:MMLP - Get Free Report) last posted its 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). The business had revenue of $170.93 million for the quarter, compared to analysts' expectations 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 quarter in the previous year, the firm earned ($0.03) earnings per share. As a group, research analysts anticipate that Martin Midstream Partners will post 0.12 earnings per share for the current fiscal year.
Institutional Trading of Martin Midstream Partners
A hedge fund recently raised its stake in Martin Midstream Partners stock. De Lisle Partners LLP boosted 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 Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 260,833 shares of the pipeline company's stock after buying 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 Securities and Exchange Commission (SEC). Hedge funds and other institutional investors own 34.90% of the company's stock.
About Martin Midstream Partners
(
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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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