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NASDAQ:MMLP

Martin Midstream Partners Stock Forecast, Price & News

$1.74
-0.04 (-2.25 %)
(As of 11/27/2020 12:00 AM ET)
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Today's Range
$1.73
Now: $1.74
$1.74
50-Day Range
$1.36
MA: $1.57
$1.85
52-Week Range
$0.91
Now: $1.74
$4.85
Volume99 shs
Average Volume332,614 shs
Market Capitalization$67.60 million
P/E Ratio29.00
Dividend Yield1.15%
Beta3.17
Martin Midstream Partners L.P. engages in the terminalling, processing, storage, and packaging of petroleum products and by-products in the United States Gulf Coast region. The company's Terminalling and Storage segment owns or operates 19 marine shore-based terminal facilities and 12 specialty terminal facilities that provide storage, refining, blending, packaging, and handling services for producers and suppliers of petroleum products and by-products. This segment also offers land rental services to oil and gas companies, as well as storage and handling services for lubricants and fuels. Its Transportation segment operates a fleet of 540 tank trucks and 1,275 trailers; and 33 inland marine tank barges, 19 inland push boats, and 1 articulated offshore tug and barge unit to transport petroleum products and by-products, petrochemicals, and chemicals. The company's Sulfur Services segment processes molten sulfur into prilled or pelletized sulfur, which is used in the production of fertilizers and industrial chemicals. This segment also owns 23 railcars and leases 41 railcars to transport molten sulfur; and leases 132 railcars to transport fertilizer products. Its Natural Gas Liquids segment stores, distributes, and transports natural gas liquids for wholesale deliveries to refineries, industrial NGL users, and propane retailers, as well as owns approximately 2.1 million barrels of underground storage capacity for NGLs. Martin Midstream GP LLC serves as a general partner of the company. Martin Midstream Partners L.P. was founded in 2002 and is based in Kilgore, Texas.
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Beat the Market (BTM) Rank

Analyst Opinion: 2.8Community Rank: 2.1Dividend Strength: 1.7Insider Behavior: 0.8Valuation: 0.6 5 -4 -3 -2 -1 -

Overall Beat the Market Rank

1.60 out of 5 stars


Industry, Sector and Symbol

Industry Petroleum bulk stations & terminals
Sub-IndustryN/A
Current SymbolNASDAQ:MMLP
CUSIPN/A
Phone903-983-6252
Employees1,292

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$847.12 million
Cash Flow$2.10 per share
Book Value($1.14) per share

Profitability

Net Income$-174,950,000.00

Miscellaneous

Market Cap$67.60 million
Next Earnings Date2/12/2021 (Estimated)
OptionableOptionable
$1.74
-0.04 (-2.25 %)
(As of 11/27/2020 12:00 AM ET)
30 days | 90 days | 365 days | Advanced Chart

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Martin Midstream Partners (NASDAQ:MMLP) Frequently Asked Questions

How has Martin Midstream Partners' stock been impacted by Coronavirus?

Martin Midstream Partners' stock was trading at $1.52 on March 11th, 2020 when Coronavirus reached pandemic status according to the World Health Organization (WHO). Since then, MMLP stock has increased by 14.5% and is now trading at $1.74.
View which stocks have been most impacted by COVID-19
.

Do Wall Street analysts recommend investors buy shares of Martin Midstream Partners?

2 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Martin Midstream Partners in the last year. There are currently 1 sell rating and 1 hold rating for the stock, resulting in a consensus recommendation of "Hold."
View analyst ratings for Martin Midstream Partners
or view MarketBeat's top 5 stock picks.

What stocks does MarketBeat like better than Martin Midstream Partners?

Wall Street analysts have given Martin Midstream Partners a "Hold" rating, but there may be better short-term opportunities in the market. Some of MarketBeat's winning trading ideas this year have resulted in 5-15% weekly gains. MarketBeat just released five new trading ideas, but Martin Midstream Partners wasn't one of them. MarketBeat thinks these five stocks may be even better buys.
View MarketBeat's top stock picks here.

When is Martin Midstream Partners' next earnings date?

Martin Midstream Partners is scheduled to release its next quarterly earnings announcement on Friday, February 12th 2021.
View our earnings forecast for Martin Midstream Partners
.

How were Martin Midstream Partners' earnings last quarter?

Martin Midstream Partners L.P. (NASDAQ:MMLP) released its earnings results on Wednesday, October, 21st. The pipeline company reported ($0.27) earnings per share (EPS) for the quarter, beating analysts' consensus estimates of ($0.30) by $0.03. The pipeline company earned $152.53 million during the quarter. Martin Midstream Partners had a negative return on equity of 6.77% and a net margin of 0.33%.
View Martin Midstream Partners' earnings history
.

How often does Martin Midstream Partners pay dividends? What is the dividend yield for Martin Midstream Partners?

Martin Midstream Partners declared a quarterly dividend on Friday, October 23rd. Stockholders of record on Friday, November 6th will be paid a dividend of $0.005 per share on Friday, November 13th. This represents a $0.02 annualized dividend and a dividend yield of 1.15%. The ex-dividend date of this dividend is Thursday, November 5th.
View Martin Midstream Partners' dividend history
.

What price target have analysts set for MMLP?

2 Wall Street analysts have issued 12-month target prices for Martin Midstream Partners' stock. Their forecasts range from $2.00 to $3.00. On average, they anticipate Martin Midstream Partners' share price to reach $2.50 in the next year. This suggests a possible upside of 43.7% from the stock's current price.
View analysts' price targets for Martin Midstream Partners
.

Are investors shorting Martin Midstream Partners?

Martin Midstream Partners saw a decline in short interest in October. As of October 30th, there was short interest totaling 120,700 shares, a decline of 17.2% from the October 15th total of 145,800 shares. Based on an average daily volume of 246,200 shares, the days-to-cover ratio is presently 0.5 days. Approximately 0.4% of the shares of the stock are sold short.
View Martin Midstream Partners' Short Interest
.

Who are some of Martin Midstream Partners' key competitors?

What other stocks do shareholders of Martin Midstream Partners own?

Who are Martin Midstream Partners' key executives?

Martin Midstream Partners' management team includes the following people:
  • Mr. Ruben S. Martin III, Pres, CEO & Chairman of Martin Midstream GP LLC (Age 68, Pay $262.5k)
  • Mr. Robert D. Bondurant, CFO, Principal Accounting Officer, EVP, Treasurer & Director of Martin Midstream GP LLC (Age 61, Pay $240k)
  • Mr. Randall L. Tauscher, Exec. VP & COO of Martin Midstream GP LLC (Age 54, Pay $288k)
  • Mr. Chris H. Booth, Chief Legal Officer, Exec. VP, Gen. Counsel & Sec. of Martin Midstream GP LLC (Age 50, Pay $192.5k)
  • Mr. Scot A. Shoup, Sr. VP of Operations - Martin Midstream GP LLC (Age 59, Pay $279k)
  • Ms. Melanie Mathews, VP of HR
  • Mr. Matt A. Yost, Sr. VP of Terminalling and Engineering for Martin Midstream GP LLC (Age 37)
  • Mr. T. Damon King, Sr. VP of Shore Bases for Martin Midstream GP LLC

What is Martin Midstream Partners' stock symbol?

Martin Midstream Partners trades on the NASDAQ under the ticker symbol "MMLP."

Who are Martin Midstream Partners' major shareholders?

Martin Midstream Partners' stock is owned by a number of retail and institutional investors. Top institutional shareholders include Morgan Stanley (0.67%), GSA Capital Partners LLP (0.58%), JPMorgan Chase & Co. (0.26%), Raymond James Financial Services Advisors Inc. (0.24%) and Acadian Asset Management LLC (0.11%). Company insiders that own Martin Midstream Partners stock include C Scott Massey, Chris H Booth, Randall Tauscher, Robert D Bondurant, Ruben S Martin and Scot A Shoup.
View institutional ownership trends for Martin Midstream Partners
.

Which institutional investors are selling Martin Midstream Partners stock?

MMLP stock was sold by a variety of institutional investors in the last quarter, including JPMorgan Chase & Co..
View insider buying and selling activity for Martin Midstream Partners
.

Which institutional investors are buying Martin Midstream Partners stock?

MMLP stock was purchased by a variety of institutional investors in the last quarter, including GSA Capital Partners LLP, Morgan Stanley, Raymond James Financial Services Advisors Inc., and Acadian Asset Management LLC. Company insiders that have bought Martin Midstream Partners stock in the last two years include C Scott Massey, Chris H Booth, Randall Tauscher, Robert D Bondurant, Ruben S Martin, and Scot A Shoup.
View insider buying and selling activity for Martin Midstream Partners
.

How do I buy shares of Martin Midstream Partners?

Shares of MMLP can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.

What is Martin Midstream Partners' stock price today?

One share of MMLP stock can currently be purchased for approximately $1.74.

How big of a company is Martin Midstream Partners?

Martin Midstream Partners has a market capitalization of $67.60 million and generates $847.12 million in revenue each year. The pipeline company earns $-174,950,000.00 in net income (profit) each year or $0.11 on an earnings per share basis. Martin Midstream Partners employs 1,292 workers across the globe.

What is Martin Midstream Partners' official website?

The official website for Martin Midstream Partners is www.martinmidstream.com.

How can I contact Martin Midstream Partners?

Martin Midstream Partners' mailing address is 4200 STONE ROAD, KILGORE TX, 75662. The pipeline company can be reached via phone at 903-983-6252 or via email at [email protected]

This page was last updated on 11/30/2020 by MarketBeat.com Staff

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