Martin Midstream Partners L.P. (NASDAQ:MMLP - Get Free Report)'s stock price passed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $3.48 and traded as high as $3.98. Martin Midstream Partners shares last traded at $3.97, with a volume of 32,990 shares trading hands.
Analysts Set New Price Targets
Separately, StockNews.com assumed coverage on Martin Midstream Partners in a report on Friday. They set a "buy" rating on the stock.
Check Out Our Latest Research Report on Martin Midstream Partners
Martin Midstream Partners Stock Performance
The stock has a market cap of $154.83 million, a price-to-earnings ratio of 39.50 and a beta of 2.10. The business's 50 day moving average is $3.79 and its 200 day moving average is $3.48.
Martin Midstream Partners (NASDAQ:MMLP - Get Free Report) last issued 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 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 business earned ($0.03) EPS. Research analysts expect that Martin Midstream Partners L.P. will post 0.16 earnings per share for the current year.
Martin Midstream Partners Announces Dividend
The firm also recently announced a quarterly dividend, which will be paid on Thursday, November 14th. Stockholders of record on Thursday, November 7th will be issued a $0.005 dividend. The ex-dividend date of this dividend is Thursday, November 7th. This represents a $0.02 dividend on an annualized basis and a dividend yield of 0.50%. Martin Midstream Partners's dividend payout ratio is 20.00%.
Institutional Trading of Martin Midstream Partners
A hedge fund recently bought a new stake in Martin Midstream Partners stock. Acadian Asset Management LLC purchased a new stake in shares of Martin Midstream Partners L.P. (NASDAQ:MMLP - Free Report) during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 19,959 shares of the pipeline company's stock, valued at approximately $50,000. Acadian Asset Management LLC owned approximately 0.05% of Martin Midstream Partners as of its most recent SEC filing. Institutional investors and hedge funds own 34.90% of the company's stock.
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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