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

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

Martin Midstream Partners Trading Down 2.7 %

MMLP opened at $3.56 on Friday. The stock has a market capitalization of $138.84 million, a P/E ratio of 35.60 and a beta of 2.12. The stock has a 50-day moving average price of $3.82 and a 200-day moving average price of $3.75. Martin Midstream Partners has a 12-month low of $2.04 and a 12-month high of $4.13.

Martin Midstream Partners (NASDAQ:MMLP) last released its quarterly earnings data 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 company had revenue of $170.93 million during the quarter, compared to analysts’ expectations 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 quarter in the prior year, the firm posted ($0.03) EPS. On average, equities research analysts predict that Martin Midstream Partners will post 0.12 EPS 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 lifted its stake in Martin Midstream Partners L.P. (NASDAQ:MMLP) by 13.0% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm 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 & Exchange Commission. 34.90% of the stock is currently owned by institutional investors and hedge funds.

About Martin Midstream Partners

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.