Analysts at StockNews.com assumed coverage on shares of Martin Midstream Partners (NASDAQ:MMLP - Get Free Report) in a report issued on Monday. The firm set a "buy" rating on the pipeline company's stock.
Martin Midstream Partners Price Performance
Shares of NASDAQ:MMLP opened at $3.01 on Monday. Martin Midstream Partners has a 1 year low of $2.56 and a 1 year high of $4.13. The stock has a market capitalization of $97.83 million, a price-to-earnings ratio of -23.15 and a beta of 0.70. The company's 50 day simple moving average is $3.15 and its 200 day simple moving average is $3.54.
Martin Midstream Partners (NASDAQ:MMLP - Get Free Report) last announced its quarterly earnings data on Wednesday, April 16th. The pipeline company reported ($0.01) earnings per share (EPS) for the quarter, missing analysts' consensus estimates 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 business had revenue of $192.54 million during the quarter, compared to analyst estimates of $187.13 million. During the same period in the prior year, the firm earned $0.08 earnings per share. As a group, analysts anticipate that Martin Midstream Partners will post 0.15 EPS for the current fiscal year.
Hedge Funds Weigh In On Martin Midstream Partners
A number of large investors have recently modified their holdings of MMLP. Nomura Holdings Inc. raised its stake in Martin Midstream Partners by 265.2% in the first quarter. Nomura Holdings Inc. now owns 3,417,328 shares of the pipeline company's stock valued at $12,302,000 after purchasing an additional 2,481,497 shares in the last quarter. US Bancorp DE raised its stake in Martin Midstream Partners by 55.6% in the first quarter. US Bancorp DE now owns 14,000 shares of the pipeline company's stock valued at $50,000 after purchasing an additional 5,000 shares in the last quarter. Pettinga Financial Advisors LLC purchased a new stake in Martin Midstream Partners in the first quarter valued at approximately $43,000. Tiptree Advisors LLC purchased a new stake in Martin Midstream Partners in the fourth quarter valued at approximately $524,000. Finally, Toronto Dominion Bank purchased a new stake in Martin Midstream Partners in the fourth quarter valued at approximately $233,000. 34.90% of the stock is currently owned by institutional investors.
Martin Midstream Partners Company Profile
(
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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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