Analysts at StockNews.com initiated coverage on shares of Martin Midstream Partners (NASDAQ:MMLP - Get Free Report) in a research note issued on Tuesday. The firm set a "buy" rating on the pipeline company's stock.
Martin Midstream Partners Trading Down 9.8 %
Shares of MMLP stock traded down $0.34 on Tuesday, reaching $3.12. The company's stock had a trading volume of 108,554 shares, compared to its average volume of 100,489. Martin Midstream Partners has a 1 year low of $2.36 and a 1 year high of $4.13. The stock's fifty day simple moving average is $3.62 and its 200-day simple moving average is $3.75. The company has a market capitalization of $121.85 million, a price-to-earnings ratio of -24.00 and a beta of 2.08.
Martin Midstream Partners (NASDAQ:MMLP - Get Free Report) last announced its earnings results on Wednesday, February 12th. The pipeline company reported ($0.22) earnings per share (EPS) for the quarter, missing the consensus estimate 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%. Equities research analysts forecast that Martin Midstream Partners will post 0.15 earnings per share for the current year.
Institutional Inflows and Outflows
Several institutional investors and hedge funds have recently bought and sold shares of the company. US Bancorp DE purchased a new stake in shares of Martin Midstream Partners in the fourth quarter valued at $32,000. Squarepoint Ops LLC purchased a new stake in Martin Midstream Partners in the 4th quarter worth about $36,000. CSS LLC IL bought a new stake in Martin Midstream Partners in the fourth quarter worth about $100,000. Geode Capital Management LLC boosted its position in shares of 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 valued at $107,000 after buying an additional 5,966 shares during the period. Finally, AGP Franklin LLC bought a new position in shares of Martin Midstream Partners during the fourth quarter valued at approximately $111,000. 34.90% of the stock is owned by hedge funds and other institutional investors.
Martin Midstream Partners Company Profile
(
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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