Martin Midstream Partners - MMLP Stock Forecast, Price & News

Martin Midstream Partners' stock was trading at $3.00 at the beginning of 2023. Since then, MMLP shares have increased by 5.7% and is now trading at $3.17.
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Martin Midstream Partners saw a drop in short interest in the month of January. As of January 15th, there was short interest totaling 89,600 shares, a drop of 28.0% from the December 31st total of 124,500 shares. Based on an average daily trading volume, of 76,400 shares, the short-interest ratio is presently 1.2 days. Approximately 0.3% of the company's stock are short sold.
View Martin Midstream Partners' Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Wednesday, February 15th 2023.
View our MMLP earnings forecast.

Martin Midstream Partners L.P. (NASDAQ:MMLP) released its quarterly earnings results on Wednesday, November, 2nd. The pipeline company reported ($0.24) earnings per share for the quarter, missing the consensus estimate of ($0.13) by $0.11. The pipeline company earned $229.31 million during the quarter. Martin Midstream Partners had a negative trailing twelve-month return on equity of 42.43% and a net margin of 0.06%.

Martin Midstream Partners announced a quarterly dividend on Monday, January 23rd. Stockholders of record on Tuesday, February 7th will be paid a dividend of $0.005 per share on Tuesday, February 14th. This represents a $0.02 annualized dividend and a yield of 0.63%. The ex-dividend date is Monday, February 6th.
Read our dividend analysis for MMLP.

Martin Midstream Partners (NASDAQ:MMLP) pays an annual dividend of $0.02 per share and currently has a dividend yield of 0.61%. The dividend payout ratio is 100.00%. Payout ratios above 75% are not desirable because they may not be sustainable. Based on earnings estimates, MMLP will have a dividend payout ratio of 40.00% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for MMLP.

7 employees have rated Martin Midstream Partners Chief Executive Officer Ruben S. Martin III on Glassdoor.com. Ruben S. Martin III has an approval rating of 69% among the company's employees.

Based on aggregate information from My MarketBeat watchlists, some companies that other Martin Midstream Partners investors own include Energy Transfer (ET), SunCoke Energy Partners (SXCP), NGL Energy Partners (NGL), AGNC Investment (AGNC), Annaly Capital Management (NLY), Cornerstone Total Return Fund (CRF), AT&T (T), CBL & Associates Properties (CBL), Alliance Resource Partners (ARLP) and Cornerstone Strategic Value Fund (CLM).

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

Shares of MMLP stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of MMLP stock can currently be purchased for approximately $3.17.

Martin Midstream Partners (NASDAQ:MMLP) has a market capitalization of $123.16 million and generates $882.43 million in revenue each year. The pipeline company earns $-210,000.00 in net income (profit) each year or $0.02 on an earnings per share basis.

The company employs 1,450 workers across the globe.

Martin Midstream Partners' mailing address is 4200 STONE ROAD, KILGORE TX, 75662. The official website for the company is www.martinmidstream.com. The pipeline company can be reached via phone at (903) 983-6200, via email at ir@mmlp.com, or via fax at 903-983-6271.