Research analysts at StockNews.com assumed coverage on shares of Martin Midstream Partners (NASDAQ:MMLP - Get Free Report) in a research note issued to investors on Friday. The firm set a "buy" rating on the pipeline company's stock.
Martin Midstream Partners Trading Down 0.4 %
Shares of Martin Midstream Partners stock traded down $0.02 during trading on Friday, reaching $3.74. The company's stock had a trading volume of 57,393 shares, compared to its average volume of 97,985. The firm has a market cap of $145.87 million, a PE ratio of -28.77 and a beta of 2.10. The company has a 50-day moving average price of $3.58 and a two-hundred day moving average price of $3.75. Martin Midstream Partners has a fifty-two week low of $2.36 and a fifty-two week high of $4.13.
Martin Midstream Partners (NASDAQ:MMLP - Get Free Report) last announced its earnings results on Wednesday, February 12th. The pipeline company reported ($0.22) EPS for the quarter, missing analysts' consensus estimates of $0.03 by ($0.25). Martin Midstream Partners had a negative net margin of 0.73% and a negative return on equity of 6.93%. On average, analysts predict that Martin Midstream Partners will post 0.15 earnings per share for the current fiscal year.
Institutional Inflows and Outflows
Several large investors have recently added to or reduced their stakes in the company. US Bancorp DE acquired a new stake in shares of Martin Midstream Partners in the 4th quarter valued at approximately $32,000. Squarepoint Ops LLC acquired a new position in shares of Martin Midstream Partners during the 4th quarter worth $36,000. CSS LLC IL acquired a new stake in shares of Martin Midstream Partners in the fourth quarter valued at about $100,000. Geode Capital Management LLC grew its position in Martin Midstream Partners by 24.9% during the fourth quarter. Geode Capital Management LLC now owns 29,894 shares of the pipeline company's stock worth $107,000 after buying an additional 5,966 shares during the period. Finally, AGP Franklin LLC purchased a new position in Martin Midstream Partners in the fourth quarter valued at about $111,000. 34.90% of the stock is owned by hedge funds and other 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.
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