Martin Midstream Partners (NASDAQ:MMLP) Share Price Passes Above Two Hundred Day Moving Average - Here's Why

Key Points

• Crossed above its 200‑day moving average: Martin Midstream's shares traded as high as $2.76—just above the 200‑day MA of $2.76—last trading around $2.74 on light volume (~12,029 shares).
• Analysts remain cautious: Stifel cut its target to $3.00 and Weiss reissued a sell, with MarketBeat showing a consensus rating of "Reduce" and an average target price of $3.00; the stock has a market cap of about $107M and a negative P/E (-7.41).
• The company recently missed quarterly estimates (EPS -$0.07 vs. $0.06 expected; revenue $174.2M vs. $194.5M expected) and pays a nominal annualized dividend of $0.02 (yield ~0.7%).

Martin Midstream Partners L.P. (NASDAQ:MMLP - Get Free Report)'s share price crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $2.76 and traded as high as $2.76. Martin Midstream Partners shares last traded at $2.74, with a volume of 12,029 shares.

Analyst Ratings Changes

MMLP has been the subject of a number of research analyst reports. Stifel Nicolaus decreased their target price on Martin Midstream Partners from $4.00 to $3.00 and set a "hold" rating for the company in a research note on Thursday, March 12th. Weiss Ratings reissued a "sell (d)" rating on shares of Martin Midstream Partners in a research note on Thursday, January 22nd. One investment analyst has rated the stock with a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the company presently has a consensus rating of "Reduce" and an average target price of $3.00.

Martin Midstream Partners Price Performance

The stock has a market capitalization of $107.01 million, a price-to-earnings ratio of -7.41 and a beta of 0.57. The business has a 50 day simple moving average of $2.77 and a 200-day simple moving average of $2.76.

Martin Midstream Partners (NASDAQ:MMLP - Get Free Report) last posted its earnings results on Wednesday, February 18th. The pipeline company reported ($0.07) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.06 by ($0.13). The business had revenue of $174.20 million during the quarter, compared to analysts' expectations of $194.47 million. As a group, equities analysts predict that Martin Midstream Partners L.P. will post 0.15 earnings per share for the current year.

Martin Midstream Partners Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, February 13th. Stockholders of record on Friday, February 6th were given a dividend of $0.005 per share. This represents a $0.02 annualized dividend and a dividend yield of 0.7%. The ex-dividend date of this dividend was Friday, February 6th. Martin Midstream Partners's dividend payout ratio is currently -5.41%.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of the company. Nomura Holdings Inc. boosted its position in shares of Martin Midstream Partners by 12.3% during the second quarter. Nomura Holdings Inc. now owns 3,837,328 shares of the pipeline company's stock worth $11,320,000 after buying an additional 420,000 shares during the period. Bank of America Corp DE boosted its position in shares of Martin Midstream Partners by 216.0% during the second quarter. Bank of America Corp DE now owns 581,020 shares of the pipeline company's stock worth $1,714,000 after buying an additional 397,163 shares during the period. Lee Financial Co acquired a new position in shares of Martin Midstream Partners during the third quarter worth about $830,000. Artisan Partners Limited Partnership boosted its position in shares of Martin Midstream Partners by 7.1% during the fourth quarter. Artisan Partners Limited Partnership now owns 114,935 shares of the pipeline company's stock worth $300,000 after buying an additional 7,596 shares during the period. Finally, Susquehanna International Group LLP boosted its position in shares of Martin Midstream Partners by 298.9% during the third quarter. Susquehanna International Group LLP now owns 44,126 shares of the pipeline company's stock worth $135,000 after buying an additional 33,064 shares during the period. 34.90% of the stock is owned by institutional investors and hedge funds.

Martin Midstream Partners Company Profile

Martin Midstream Partners L.P. is a publicly traded midstream energy partnership that provides storage, transportation and distribution services for petroleum and chemical products. The company's operations encompass bulk liquid terminals, marine transportation services and handling facilities designed to support a variety of feedstocks and refined products. Through its network of terminals and pipelines, Martin Midstream serves refineries, petrochemical plants and other industrial customers, offering solutions that help optimize logistics and maintain supply chain reliability.

With core assets located along the U.S.

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