StockNews.com Begins Coverage on Martin Midstream Partners (NASDAQ:MMLP)

Equities research analysts at StockNews.com assumed coverage on shares of Martin Midstream Partners (NASDAQ:MMLP) in a report issued on Wednesday. The firm set a “buy” rating on the pipeline company’s stock.

Martin Midstream Partners Stock Performance

NASDAQ:MMLP opened at $4.00 on Wednesday. The business’s fifty day moving average price is $3.99 and its 200 day moving average price is $3.70. The firm has a market capitalization of $156.00 million, a price-to-earnings ratio of 40.00 and a beta of 2.10. Martin Midstream Partners has a 1-year low of $2.04 and a 1-year high of $4.13.

Martin Midstream Partners (NASDAQ:MMLP) last issued its earnings results on Wednesday, October 16th. The pipeline company reported ($0.08) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.03) by ($0.05). The business had revenue of $170.93 million during the quarter, compared to analyst estimates of $176.43 million. Martin Midstream Partners had a net margin of 0.59% and a negative return on equity of 6.93%. During the same quarter in the prior year, the company earned ($0.03) EPS. Equities analysts forecast that Martin Midstream Partners will post 0.16 earnings per share for the current year.

Institutional Trading of Martin Midstream Partners

An institutional investor recently raised its position in Martin Midstream Partners stock. De Lisle Partners LLP lifted its holdings in Martin Midstream Partners L.P. (NASDAQ:MMLP) by 13.0% during the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 260,833 shares of the pipeline company’s stock after purchasing an additional 30,000 shares during the period. De Lisle Partners LLP owned 0.67% of Martin Midstream Partners worth $953,000 as of its most recent filing with the SEC. Institutional investors own 34.90% of the company’s stock.

Martin Midstream Partners Company Profile

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.