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 - Free Report) in a research note published on Saturday morning. The firm issued a buy rating on the pipeline company's stock.

Martin Midstream Partners Stock Up 1.3 %

MMLP traded up $0.04 during trading on Friday, hitting $3.07. The company's stock had a trading volume of 6,821 shares, compared to its average volume of 95,393. Martin Midstream Partners has a one year low of $2.56 and a one year high of $4.13. The business's 50 day simple moving average is $3.24 and its 200-day simple moving average is $3.59. The firm has a market cap of $119.90 million, a PE ratio of -23.61 and a beta of 0.70.

Martin Midstream Partners (NASDAQ:MMLP - Get Free Report) last released its earnings results on Wednesday, April 16th. The pipeline company reported ($0.01) earnings per share for the quarter, missing the consensus estimate of $0.02 by ($0.03). Martin Midstream Partners had a negative net margin of 0.73% and a negative return on equity of 6.93%. The company had revenue of $192.54 million for the quarter, compared to analysts' expectations of $187.13 million. During the same quarter last year, the firm posted $0.08 earnings per share. Equities research analysts expect that Martin Midstream Partners will post 0.15 EPS for the current fiscal year.

Martin Midstream Partners Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, May 15th. Stockholders of record on Thursday, May 8th will be paid a $0.005 dividend. The ex-dividend date of this dividend is Thursday, May 8th. This represents a $0.02 dividend on an annualized basis and a dividend yield of 0.65%. Martin Midstream Partners's dividend payout ratio (DPR) is presently -8.33%.

Institutional Investors Weigh In On Martin Midstream Partners

A number of institutional investors have recently bought and sold shares of the business. Pettinga Financial Advisors LLC purchased a new stake in shares of Martin Midstream Partners during the first quarter worth about $43,000. Tiptree Advisors LLC bought a new position in shares of Martin Midstream Partners during the fourth quarter worth $524,000. Toronto Dominion Bank purchased a new position in Martin Midstream Partners during the fourth quarter valued at $233,000. CSS LLC IL bought a new stake in Martin Midstream Partners in the 4th quarter valued at $100,000. Finally, Squarepoint Ops LLC purchased a new stake in Martin Midstream Partners in the 4th quarter worth $36,000. Hedge funds and other 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.