About Martin Midstream Partners L.P. (NASDAQ:MMLP)
Martin Midstream Partners L.P. is a limited partnership with a set of operations focused in the United States Gulf Coast region. The Company's four business lines include terminalling and storage services for petroleum products and by-products, including the refining of naphthenic crude oil and the blending and packaging of finished lubricants; natural gas services, including liquids transportation and distribution services, and natural gas storage; sulfur and sulfur-based products processing, manufacturing, marketing and distribution, and marine transportation services for petroleum products and by-products. The petroleum products and by-products it collects, transports, stores and markets are produced by oil and gas companies. As of December 31, 2016, it operated 26 marine shore-based terminal facilities and 14 specialty terminal facilities located in the United States Gulf Coast region. Its customers include oil and gas companies, chemical companies and fertilizer manufacturers.
Industry, Sector and Symbol:
- Sector: Transportation
- Industry: Inland Water Freight
- Sub-Industry: N/A
- Symbol: NASDAQ:MMLP
- CUSIP: N/A
- Web: www.martinmidstream.com
- Market Cap: $636.38 million
- Outstanding Shares: 38,452,000
- 50 Day Moving Avg: $16.65
- 200 Day Moving Avg: $18.02
- 52 Week Range: $15.45 - $21.14
Sales & Book Value:
- Trailing P/E Ratio: 19.77
- Foreward P/E Ratio: 18.60
- P/E Growth: 12.17
- Annual Revenue: $858.69 million
- Price / Sales: 0.74
- Book Value: $8.49 per share
- Price / Book: 1.95
- Annual Dividend: $2.00
- Dividend Yield: 12.1%
- EBITDA: $158.41 million
- Net Margins: 3.67%
- Return on Equity: 9.62%
- Return on Assets: 2.51%
- Debt-to-Equity Ratio: 2.33%
- Current Ratio: 1.83%
- Quick Ratio: 0.87%
- Average Volume: 120,702 shs.
- Beta: 1.51
- Short Ratio: 5.43
Frequently Asked Questions for Martin Midstream Partners L.P. (NASDAQ:MMLP)
What is Martin Midstream Partners L.P.'s stock symbol?
Martin Midstream Partners L.P. trades on the NASDAQ under the ticker symbol "MMLP."
How often does Martin Midstream Partners L.P. pay dividends? What is the dividend yield for Martin Midstream Partners L.P.?
Martin Midstream Partners L.P. announced a quarterly dividend on Friday, October 20th. Stockholders of record on Tuesday, November 7th will be paid a dividend of $0.50 per share on Tuesday, November 14th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 12.08%. The ex-dividend date of this dividend is Monday, November 6th. View Martin Midstream Partners L.P.'s Dividend History.
How were Martin Midstream Partners L.P.'s earnings last quarter?
Martin Midstream Partners L.P. (NASDAQ:MMLP) released its earnings results on Wednesday, July, 26th. The company reported $0.03 earnings per share for the quarter, topping the Zacks' consensus estimate of ($0.04) by $0.07. The company had revenue of $193.90 million for the quarter, compared to the consensus estimate of $201.17 million. Martin Midstream Partners L.P. had a net margin of 3.67% and a return on equity of 9.62%. The business's revenue for the quarter was up 1.9% compared to the same quarter last year. During the same period last year, the company earned ($0.14) earnings per share. View Martin Midstream Partners L.P.'s Earnings History.
When will Martin Midstream Partners L.P. make its next earnings announcement?
Where is Martin Midstream Partners L.P.'s stock going? Where will Martin Midstream Partners L.P.'s stock price be in 2017?
4 analysts have issued 1-year price targets for Martin Midstream Partners L.P.'s shares. Their predictions range from $20.00 to $24.00. On average, they expect Martin Midstream Partners L.P.'s share price to reach $21.50 in the next twelve months. View Analyst Ratings for Martin Midstream Partners L.P..
What are analysts saying about Martin Midstream Partners L.P. stock?
Here are some recent quotes from research analysts about Martin Midstream Partners L.P. stock:
- 1. According to Zacks Investment Research, "Martin Midstream is a limited partnership which stores and transports hydrocarbon products and specialty chemicals, primarily in the Gulf Coast. It runs a marine transportation business, mostly barges and tugs, and operates storage tanks. " (10/18/2017)
- 2. FBR & Co analysts commented, "Strength from early fertilizer demand and interruptible gas storage services offset weather-related weakness during the quarter. We expect the remainder of the year to fall in line with seasonal norms and expect results to remain near guidance. An early planting drove up fertilizer demand for the quarter but is expected to drop in 2Q as demand decreases. The propane business has been affected by warm weather and is not likely to achieve its guidance levels, but the segment generates a small portion of overall cash flows and should not be material to full-year results." (5/1/2017)
- 3. Stifel Nicolaus analysts commented, " (12/6/2016)
Who are some of Martin Midstream Partners L.P.'s key competitors?
Some companies that are related to Martin Midstream Partners L.P. include Matson (MATX), Golden Ocean Group Limited (GOGL), Textainer Group Holdings Limited (TGH), Marten Transport (MRTN), Frontline (FRO), Avianca Holdings S.A. (AVH), GasLog Partners LP (GLOP), Controladora Vuela Compania de Aviacion, S.A.B. de C.V. (VLRS), Seaspan Corporation (SSW), ArcBest Corporation (ARCB), Teekay Corporation (TK), American Railcar Industries (ARII), CAI International (CAI), KNOT Offshore Partners LP (KNOP), Star Bulk Carriers Corp. (SBLK), Costamare (CMRE), Navigator Holdings (NVGS) and Hennessy Capital Acquisition Corp. II (DSKE).
Who are Martin Midstream Partners L.P.'s key executives?
Martin Midstream Partners L.P.'s management team includes the folowing people:
- Ruben S. Martin III, President, Chief Executive Officer and Director of Martin Midstream GP LLC
- Robert D. Bondurant, Chief Financial Officer, Executive Vice President, Director of Martin Midstream GP LLC
- Randall L. Tauscher, Chief Operating Officer, Executive Vice President of Martin Midstream GP LLC
- Chris H. Booth, Executive Vice President, Chief Legal Officer, General Counsel, Secretary of Martin Midstream GP LLC
- Stephen Martin, Vice President - Corporate Development Martin Midstream GP LLC
- Sean P. Dolan, Director of Martin Midstream GP LLC
- Zachary S. Stanton, Director of Martin Midstream GP LLC
- James M. Collingsworth, Independent Director of Martin Midstream GP LLC
- Byron R. Kelley, Independent Director of Martin Midstream GP LLC
- C. Scott Massey, Independent Director of Martin Midstream GP LLC
Who owns Martin Midstream Partners L.P. stock?
Martin Midstream Partners L.P.'s stock is owned by a variety of of institutional and retail investors. Top institutional investors include Adams Asset Advisors LLC (0.77%). Company insiders that own Martin Midstream Partners L.P. stock include Chris H Booth, James M Collingsworth, Randall Tauscher, Robert D Bondurant and Ruben S Martin. View Institutional Ownership Trends for Martin Midstream Partners L.P..
Who bought Martin Midstream Partners L.P. stock? Who is buying Martin Midstream Partners L.P. stock?
Martin Midstream Partners L.P.'s stock was acquired by a variety of institutional investors in the last quarter, including Adams Asset Advisors LLC. Company insiders that have bought Martin Midstream Partners L.P. stock in the last two years include Chris H Booth, James M Collingsworth, Randall Tauscher, Robert D Bondurant and Ruben S Martin. View Insider Buying and Selling for Martin Midstream Partners L.P..
How do I buy Martin Midstream Partners L.P. stock?
Shares of Martin Midstream Partners L.P. can be purchased through any online brokerage account. Popular online brokerages include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.
What is Martin Midstream Partners L.P.'s stock price today?
MarketBeat Community Rating for Martin Midstream Partners L.P. (NASDAQ MMLP)MarketBeat's community ratings are surveys of what our community members think about Martin Midstream Partners L.P. and other stocks. Vote "Outperform" if you believe the stock will outperform the S&P 500 over the long term. Vote "Underperform" if you believe the stock will underperform the S&P 500 over the long term. You may vote once every thirty days.
One share of Martin Midstream Partners L.P. stock can currently be purchased for approximately $16.55.
Consensus Ratings for Martin Midstream Partners L.P. (NASDAQ:MMLP) (How are Consensus Ratings Calculated?)
MarketBeat calculates consensus ratings using the most recent rating from each brokerage that has rated a stock within the last twelve months. Since brokers often use different ratings systems, each rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings. Each stock's consensus rating is derived from its calculated consensus ratings score (0-1.5 = Sell, 1.5-2.5 = Hold, 2.5-3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months.
MarketBeat will no longer include ratings and price target data in its consensus calculation if a broker drops coverage and MarketBeat has received a report that coverage was dropped. Ratings from certain research firms that issue ratings using purely quantitative methods (such as Zacks, Vetr and ValuEngine) are not included in consensus calculations. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.
|Ratings Breakdown: ||3 Hold Ratings, 1 Buy Rating|
|Consensus Rating:||Hold (Score: 2.25)|
|Consensus Price Target: ||$21.50 (29.91% upside)|Consensus Price Target History for Martin Midstream Partners L.P. (NASDAQ:MMLP)
Analysts' Ratings History for Martin Midstream Partners L.P. (NASDAQ:MMLP)
(Data available from 10/22/2015 forward)
|Date||Firm||Action||Rating||Price Target||Impact on Share Price||Details|
|8/24/2017||Robert W. Baird||Reiterated Rating||Hold||$20.00||High|
|8/11/2017||Stifel Nicolaus||Reiterated Rating||Hold||$20.00||Low|
|5/23/2017||Royal Bank Of Canada||Reiterated Rating||Hold||$22.00||Low|
|5/1/2017||FBR & Co||Reiterated Rating||Buy||$24.00||Medium|
|9/16/2016||Janney Montgomery Scott||Initiated Coverage||Neutral||$22.00||N/A|
|3/25/2016||Raymond James Financial, Inc.||Boost Price Target||Outperform||$19.00 -> $22.00||N/A|
|3/3/2016||Stephens||Upgrade||Equal Weight -> Overweight||$25.00||N/A|
|2/17/2016||Bank of America Corporation||Downgrade||Buy -> Underperform||$38.00 -> $14.00||N/A|
Earnings History for Martin Midstream Partners L.P. (NASDAQ:MMLP)Earnings History by Quarter for Martin Midstream Partners L.P. (NASDAQ MMLP)
(Data available from 1/1/2011 forward)
|Date||Quarter||Consensus Estimate||Actual EPS||Revenue Estimate||Actual Revenue||Release Link||Conference Call||Details|
|7/26/2017||Q2 2017||($0.04)||$0.03||$201.17 million||$193.90 million||View||N/A|
|4/26/2017||Q1 2017||$0.26||$0.36||$229.84 million||$253.33 million||View||N/A|
|2/15/2017||Q4 2016||$0.34||$0.49||$218.95 million||$236.90 million||View||N/A|
|10/26/2016||Q3||$0.03||($0.03)||$207.11 million||$174.54 million||View||N/A|
|7/27/2016||Q2||$0.24||($0.14)||$225.13 million||$190.35 million||View||N/A|
|4/27/2016||Q116||$0.36||$0.33||$253.33 million||$205.60 million||View||N/A|
|10/28/2015||Q315||$0.21||($0.02)||$324.82 million||$226.02 million||View||Listen|
|7/29/2015||Q2||$0.36||$0.19||$423.70 million||$251.10 million||View||Listen|
|4/29/2015||Q1||$0.32||$0.34||$560.27 million||$305.40 million||View||N/A|
|10/29/2014||Q3||$0.25||$0.22||$449.61 million||$389.99 million||View||N/A|
|7/30/2014||Q2 2014||$0.34||$0.37||$423.59 million||$418.95 million||View||N/A|
|4/30/2014||Q1 2014||$0.48||$0.43||$483.86 million||$497.03 million||View||N/A|
|7/31/2013||Q2 2013||$0.50||$0.33||$369.77 million||$358.20 million||View||N/A|
|5/6/2013||Q1 2013||$0.49||$0.61||$423.28 million||$433.70 million||View||N/A|
|2/27/2013||Q4 2012||$0.42||$0.36||$337.84 million||View||N/A|
|11/5/2012||Q312||$0.24||$0.44||$285.71 million||$317.90 million||View||N/A|
Earnings Estimates for Martin Midstream Partners L.P. (NASDAQ:MMLP)
2017 EPS Consensus Estimate: $0.83
2018 EPS Consensus Estimate: $0.87
(Data provided by Zacks Investment Research)
|Quarter||Number of Estimates||Low Estimate||High Estimate||Average Estimate|
Current Dividend Information for Martin Midstream Partners L.P. (NASDAQ:MMLP)
|Payout Ratio:||235.29% (Trailing 12 Months of Earnings) |
289.86% (Based on This Year's Estimates)
224.72% (Based on Next Year's Estimates)
Dividend History by Quarter for Martin Midstream Partners L.P. (NASDAQ MMLP)
(Data available from 1/1/2013 forward)
|Announced||Period||Amount||Yield||Ex-Dividend Date||Record Date||Payable Date|
Insider Trading and Institutional Ownership History for Martin Midstream Partners L.P. (NASDAQ:MMLP)
Insider Ownership Percentage: 17.00%Insider Trades by Quarter for Martin Midstream Partners L.P. (NASDAQ:MMLP)
Institutional Ownership Percentage: 31.80%
(Data available from 1/1/2013 forward)
|Transaction Date||Insider Name||Title||Buy/Sell||Number of Shares||Average Share Price||Total Transaction||Details|
|10/4/2017||Robert D Bondurant||VP||Buy||339||$16.50||$5,593.50|| |
|10/4/2017||Ruben S Martin||Insider||Buy||850||$16.50||$14,025.00|| |
|8/18/2017||Randall Tauscher||Insider||Buy||239||$17.81||$4,256.59|| |
|8/18/2017||Robert D Bondurant||VP||Buy||331||$17.81||$5,895.11|| |
|7/17/2017||Robert D Bondurant||VP||Buy||361||$18.06||$6,519.66|| |
|7/17/2017||Ruben S Martin||Insider||Buy||906||$18.06||$16,362.36|| |
|5/19/2017||Robert D Bondurant||VP||Buy||292||$19.08||$5,571.36|| |
|5/19/2017||Ruben S Martin||Insider||Buy||25||$19.08||$477.00|| |
|4/7/2017||Robert D Bondurant||VP||Buy||278||$20.08||$5,582.24|| |
|4/7/2017||Ruben S Martin||Insider||Buy||699||$20.08||$14,035.92|| |
|1/9/2017||Robert D Bondurant||VP||Buy||345||$18.91||$6,523.95|| |
|1/9/2017||Ruben S Martin||Insider||Buy||866||$18.91||$16,376.06|| |
|11/18/2016||Robert D Bondurant||VP||Buy||280||$17.76||$4,972.80|| |
|11/18/2016||Ruben S Martin||Insider||Buy||730||$17.76||$12,964.80|| |
|10/7/2016||Robert D Bondurant||VP||Buy||327||$19.91||$6,510.57|| |
|10/7/2016||Ruben S Martin||Insider||Buy||822||$19.91||$16,366.02|| |
|8/18/2016||Robert D Bondurant||VP||Buy||355||$21.24||$7,540.20|| |
|8/18/2016||Ruben S Martin||Insider||Buy||925||$21.24||$19,647.00|| |
|7/8/2016||Randall Tauscher||COO||Buy||94||$23.68||$2,225.92|| |
|7/8/2016||Robert D Bondurant||CFO||Buy||236||$23.68||$5,588.48|| |
|7/8/2016||Ruben S Martin||CEO||Buy||593||$23.68||$14,042.24|| |
|5/19/2016||Randall Tauscher||COO||Buy||249||$22.53||$5,609.97|| |
|5/19/2016||Robert D Bondurant||CFO||Buy||314||$22.53||$7,074.42|| |
|5/19/2016||Ruben S Martin||CEO||Buy||821||$22.53||$18,497.13|| |
|4/7/2016||Randall Tauscher||COO||Buy||110||$20.24||$2,226.40|| |
|4/7/2016||Robert D Bondurant||CFO||Buy||276||$20.24||$5,586.24|| |
|4/7/2016||Ruben S Martin||CEO||Buy||693||$20.24||$14,026.32|| |
|3/8/2016||Chris H Booth||VP||Buy||1,500||$16.44||$24,660.00|| |
|3/8/2016||Randall Tauscher||COO||Buy||4,000||$16.71||$66,840.00|| |
|3/4/2016||Robert D Bondurant||CFO||Buy||5,000||$16.43||$82,150.00|| |
|3/3/2016||Ruben S Martin||CEO||Buy||2,000||$17.15||$34,300.00|| |
|3/2/2016||Chris H Booth||VP||Buy||3,500||$15.93||$55,755.00|| |
|3/2/2016||Robert D Bondurant||CFO||Buy||1,160||$15.50||$17,980.00|| |
|3/2/2016||Ruben S Martin||CEO||Buy||13,477||$15.83||$213,340.91|| |
|3/1/2016||Randall Tauscher||COO||Buy||5,000||$15.73||$78,650.00|| |
|2/26/2016||James M Collingsworth||Director||Buy||775||$15.24||$11,811.00|| |
|2/19/2016||Randall Tauscher||COO||Buy||339||$15.46||$5,240.94|| |
|2/19/2016||Robert D Bondurant||CFO||Buy||421||$15.46||$6,508.66|| |
|2/19/2016||Ruben S Martin||CEO||Buy||1,102||$15.46||$17,036.92|| |
|12/4/2015||Ruben S Martin||CEO||Buy||5,000||$21.20||$106,000.00|| |
|8/3/2015||Ruben S Martin||CEO||Buy||1,000||$28.68||$28,680.00|| |
|7/8/2015||Randall Tauscher||COO||Buy||72||$30.96||$2,229.12|| |
|7/8/2015||Robert D Bondurant||CFO||Buy||180||$30.96||$5,572.80|| |
|7/8/2015||Ruben S Martin||CEO||Buy||453||$30.96||$14,024.88|| |
|10/1/2014||Randall Tauscher||COO||Buy||71||$37.29||$2,647.59|| |
|10/1/2014||Robert D Bondurant||CFO||Buy||177||$37.29||$6,600.33|| |
|10/1/2014||Ruben S Martin||CEO||Buy||45||$37.29||$1,678.05|| |
|9/12/2014||Ruben S Martin||CEO||Buy||5,000||$37.10||$185,500.00|| |
|8/22/2014||Ruben S Martin||CEO||Buy||2,000||$39.00||$78,000.00|| |
|8/11/2014||Ruben S Martin||CEO||Buy||3,000||$37.56||$112,680.00|| |
|5/15/2014||C Scott Massey||Director||Buy||1,750||$39.95||$69,912.50|| |
|5/14/2014||Robert Bondurant||CFO||Buy||1,000||$39.65||$39,650.00|| |
|5/14/2014||Ruben Martin||CEO||Buy||2,000||$39.79||$79,580.00|| |
|12/5/2013||Robert Bondurant||CFO||Buy||1,500||$40.61||$60,915.00|| |
|12/3/2013||Ruben Martin||CEO||Buy||3,000||$41.85||$125,550.00|| |
|12/13/2012||Wesley M Skelton||VP||Buy||1,000||$30.22||$30,220.00|| |
|11/7/2012||C Scott Massey||Director||Buy||2,647||$34.16||$90,421.52|| |
Headline Trends for Martin Midstream Partners L.P. (NASDAQ:MMLP)
Latest Headlines for Martin Midstream Partners L.P. (NASDAQ:MMLP)
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Martin Midstream Partners L.P. (MMLP) Chart for Sunday, October, 22, 2017