StockNews.com assumed coverage on shares of Martin Midstream Partners (NASDAQ:MMLP – Free Report) in a research report released on Wednesday morning. The firm issued a strong-buy rating on the pipeline company’s stock.
Martin Midstream Partners Stock Performance
Shares of MMLP stock opened at $2.71 on Wednesday. The stock’s fifty day moving average price is $2.52 and its two-hundred day moving average price is $2.46. The company has a market cap of $105.69 million, a PE ratio of 30.11 and a beta of 2.12. Martin Midstream Partners has a fifty-two week low of $1.95 and a fifty-two week high of $3.30.
Martin Midstream Partners (NASDAQ:MMLP – Get Free Report) last issued its earnings results on Wednesday, February 14th. The pipeline company reported $0.01 earnings per share for the quarter, beating analysts’ consensus estimates of ($0.04) by $0.05. The firm had revenue of $181.10 million for the quarter, compared to the consensus estimate of $177.85 million. Martin Midstream Partners had a negative return on equity of 5.91% and a net margin of 0.52%. On average, equities analysts predict that Martin Midstream Partners will post 0.1 EPS for the current fiscal year.
Martin Midstream Partners Announces Dividend
Institutional Investors Weigh In On Martin Midstream Partners
A number of large investors have recently modified their holdings of MMLP. American National Bank acquired a new stake in shares of Martin Midstream Partners in the 1st quarter valued at $35,000. Citadel Advisors LLC acquired a new stake in shares of Martin Midstream Partners during the 3rd quarter valued at $39,000. Jane Street Group LLC acquired a new stake in shares of Martin Midstream Partners during the 4th quarter valued at $43,000. HighTower Advisors LLC boosted its holdings in shares of Martin Midstream Partners by 59.8% during the 4th quarter. HighTower Advisors LLC now owns 16,072 shares of the pipeline company’s stock valued at $48,000 after acquiring an additional 6,016 shares in the last quarter. Finally, Victory Capital Management Inc. acquired a new stake in shares of Martin Midstream Partners during the 4th quarter valued at $67,000. 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.
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