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

Research analysts at 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 Price Performance

Shares of MMLP stock opened at $3.99 on Wednesday. The stock has a 50-day simple moving average of $3.71 and a 200 day simple moving average of $3.37. The stock has a market capitalization of $155.61 million, a P/E ratio of 44.33 and a beta of 2.12. Martin Midstream Partners has a fifty-two week low of $2.04 and a fifty-two week high of $4.13.

Martin Midstream Partners (NASDAQ:MMLP) last posted its quarterly earnings data on Wednesday, October 16th. The pipeline company reported ($0.08) earnings per share for the quarter, missing the consensus estimate of ($0.03) by ($0.05). Martin Midstream Partners had a net margin of 0.90% and a negative return on equity of 10.46%. The business had revenue of $170.93 million for the quarter, compared to the consensus estimate of $176.43 million. During the same quarter last year, the business posted ($0.03) EPS. On average, sell-side analysts anticipate that Martin Midstream Partners will post 0.13 earnings per share for the current year.

Institutional Investors Weigh In On Martin Midstream Partners

An institutional investor recently bought a new position in Martin Midstream Partners stock. Acadian Asset Management LLC purchased a new position in Martin Midstream Partners L.P. (NASDAQ:MMLP) during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The firm 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 at the end of the most recent quarter. 34.90% of the stock is currently 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.