Martin Midstream Partners (NASDAQ:MMLP) Now Covered by Analysts at StockNews.com

Equities research analysts at StockNews.com assumed coverage on shares of Martin Midstream Partners (NASDAQ:MMLP) in a report issued on Monday. The firm set a “buy” rating on the pipeline company’s stock.

Martin Midstream Partners Stock Performance

Shares of MMLP stock opened at $3.99 on Monday. Martin Midstream Partners has a 1 year low of $2.04 and a 1 year high of $4.13. The business’s fifty day moving average is $3.94 and its 200-day moving average is $3.63. The stock has a market cap of $155.61 million, a PE ratio of 39.90 and a beta of 2.10.

Martin Midstream Partners (NASDAQ:MMLP) last released its earnings results on Wednesday, October 16th. The pipeline company reported ($0.08) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.03) by ($0.05). The firm had revenue of $170.93 million for 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 in the previous year, the firm earned ($0.03) earnings per share. Equities research analysts predict that Martin Midstream Partners will post 0.16 earnings per share for the current year.

Institutional Investors Weigh In On Martin Midstream Partners

A hedge fund recently raised its stake in Martin Midstream Partners stock. De Lisle Partners LLP boosted its holdings in shares of Martin Midstream Partners L.P. (NASDAQ:MMLP) by 13.0% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund 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 about 0.67% of Martin Midstream Partners worth $953,000 at the end of the most recent quarter. 34.90% of the stock is owned by hedge funds and other institutional investors.

Martin Midstream Partners Company Profile

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.