Martin Midstream Partners (NASDAQ:MMLP) Earns Buy Rating from Analysts at StockNews.com

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

Martin Midstream Partners Stock Up 1.1 %

Shares of NASDAQ:MMLP opened at $3.62 on Wednesday. Martin Midstream Partners has a fifty-two week low of $2.10 and a fifty-two week high of $4.13. The firm has a 50-day simple moving average of $3.69 and a 200 day simple moving average of $3.76. The company has a market cap of $141.18 million, a PE ratio of 36.20 and a beta of 2.10.

Institutional Investors Weigh In On Martin Midstream Partners

A number of institutional investors have recently modified their holdings of MMLP. US Bancorp DE bought a new position in Martin Midstream Partners in the 4th quarter worth about $32,000. De Lisle Partners LLP grew its position in Martin Midstream Partners by 13.0% in the 3rd quarter. De Lisle Partners LLP now owns 260,833 shares of the pipeline company’s stock worth $953,000 after purchasing an additional 30,000 shares during the last quarter. Finally, Raymond James Financial Inc. bought a new position in Martin Midstream Partners in the 4th quarter worth about $124,000. Institutional investors 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.