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

Analysts at StockNews.com assumed coverage on shares of Martin Midstream Partners (NASDAQ:MMLP) in a research note issued to investors on Thursday. The brokerage set a “buy” rating on the pipeline company’s stock.

Martin Midstream Partners Price Performance

MMLP opened at $4.01 on Thursday. Martin Midstream Partners has a 12 month low of $2.04 and a 12 month high of $4.13. The stock’s 50 day moving average price is $3.99 and its 200 day moving average price is $3.72. The stock has a market cap of $156.39 million, a P/E ratio of 40.10 and a beta of 2.10.

Martin Midstream Partners (NASDAQ:MMLP) last issued its quarterly earnings results on Wednesday, October 16th. The pipeline company reported ($0.08) EPS for the quarter, missing analysts’ consensus estimates of ($0.03) by ($0.05). The business had revenue of $170.93 million for the quarter, compared to analyst estimates of $176.43 million. Martin Midstream Partners had a net margin of 0.59% and a negative return on equity of 6.93%. During the same period last year, the business posted ($0.03) earnings per share. Equities analysts anticipate that Martin Midstream Partners will post 0.16 EPS for the current year.

Institutional Investors Weigh In On Martin Midstream Partners

An institutional investor recently raised its position in Martin Midstream Partners stock. De Lisle Partners LLP raised its holdings in Martin Midstream Partners L.P. (NASDAQ:MMLP) by 13.0% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 260,833 shares of the pipeline company’s stock after acquiring an additional 30,000 shares during the quarter. De Lisle Partners LLP owned 0.67% of Martin Midstream Partners worth $953,000 as of its most recent filing with the Securities and Exchange Commission. Institutional investors and hedge funds own 34.90% of the company’s stock.

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.