Martin Midstream Partners (NASDAQ:MMLP - Get Free Report) was upgraded by equities researchers at Wall Street Zen to a "hold" rating in a report issued on Friday.
Martin Midstream Partners Trading Down 1.0%
NASDAQ:MMLP traded down $0.03 during midday trading on Friday, hitting $3.11. 126,098 shares of the company traded hands, compared to its average volume of 98,795. The firm's fifty day moving average is $2.96 and its 200-day moving average is $3.44. Martin Midstream Partners has a 12-month low of $2.56 and a 12-month high of $4.13. The firm has a market capitalization of $101.08 million, a P/E ratio of -23.92 and a beta of 0.71.
Martin Midstream Partners (NASDAQ:MMLP - Get Free Report) last released its quarterly 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 in the previous year, the company posted $0.08 EPS. On average, research analysts expect that Martin Midstream Partners will post 0.15 EPS for the current fiscal year.
Institutional Trading of Martin Midstream Partners
Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Nomura Holdings Inc. raised its holdings in Martin Midstream Partners by 265.2% during the 1st quarter. Nomura Holdings Inc. now owns 3,417,328 shares of the pipeline company's stock valued at $12,302,000 after buying an additional 2,481,497 shares during the period. US Bancorp DE grew its position in Martin Midstream Partners by 55.6% in the 1st quarter. US Bancorp DE now owns 14,000 shares of the pipeline company's stock valued at $50,000 after acquiring an additional 5,000 shares during the last quarter. Pettinga Financial Advisors LLC bought a new position in Martin Midstream Partners in the 1st quarter valued at $43,000. Tiptree Advisors LLC bought a new position in Martin Midstream Partners in the 4th quarter valued at $524,000. Finally, Toronto Dominion Bank bought a new position in Martin Midstream Partners in the 4th quarter valued at $233,000. Hedge funds and other institutional investors own 34.90% of the company's stock.
Martin Midstream Partners Company Profile
(
Get Free Report)
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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