StockNews.com assumed coverage on shares of Martin Midstream Partners (NASDAQ:MMLP - Free Report) in a report published on Thursday morning. The firm issued a buy rating on the pipeline company's stock.
Martin Midstream Partners Price Performance
MMLP remained flat at $4.01 during trading on Thursday. The company's stock had a trading volume of 599,312 shares, compared to its average volume of 82,464. Martin Midstream Partners has a one year low of $2.04 and a one year high of $4.13. The firm has a market capitalization of $156.39 million, a P/E ratio of 40.10 and a beta of 2.10. The stock's 50-day moving average price is $3.99 and its 200 day moving average price is $3.73.
Martin Midstream Partners (NASDAQ:MMLP - Get Free Report) last released its quarterly 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). The company had revenue of $170.93 million during the quarter, compared to analyst estimates 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 period last year, the firm earned ($0.03) earnings per share. Equities research analysts anticipate that Martin Midstream Partners will post 0.16 EPS for the current fiscal year.
Martin Midstream Partners Dividend Announcement
The firm also recently declared a quarterly dividend, which was paid on Thursday, November 14th. Shareholders of record on Thursday, November 7th were given a dividend of $0.005 per share. The ex-dividend date was Thursday, November 7th. This represents a $0.02 dividend on an annualized basis and a yield of 0.50%. Martin Midstream Partners's dividend payout ratio (DPR) is 20.00%.
Hedge Funds Weigh In On Martin Midstream Partners
A hedge fund recently raised its stake in Martin Midstream Partners stock. De Lisle Partners LLP boosted its stake 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 13F filing with the Securities and Exchange Commission. The institutional investor 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. 34.90% of the stock is currently 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.
Recommended Stories
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
As the AI market heats up, investors who have a vision for artificial intelligence have the potential to see real returns. Learn about the industry as a whole as well as seven companies that are getting work done with the power of AI.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
