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

Analysts at StockNews.com started coverage on shares of Martin Midstream Partners (NASDAQ:MMLP) in a research report issued to clients and investors on Thursday. The firm set a “buy” rating on the pipeline company’s stock.

Martin Midstream Partners Stock Performance

Shares of Martin Midstream Partners stock opened at $3.75 on Thursday. The stock’s fifty day moving average is $3.99 and its 200 day moving average is $3.73. Martin Midstream Partners has a one year low of $2.04 and a one year high of $4.13. The stock has a market cap of $146.25 million, a P/E ratio of 37.50 and a beta of 2.10.

Martin Midstream Partners (NASDAQ:MMLP) last posted its quarterly earnings data on Wednesday, October 16th. The pipeline company reported ($0.08) EPS for the quarter, missing the consensus estimate of ($0.03) by ($0.05). The company had revenue of $170.93 million during the quarter, compared to the consensus estimate of $176.43 million. Martin Midstream Partners had a negative return on equity of 6.93% and a net margin of 0.59%. During the same period last year, the business earned ($0.03) EPS. Analysts predict that Martin Midstream Partners will post 0.16 EPS for the current year.

Institutional Investors Weigh In On Martin Midstream Partners

A hedge fund recently raised its stake in Martin Midstream Partners stock. De Lisle Partners LLP increased its holdings in shares of Martin Midstream Partners L.P. (NASDAQ:MMLP) by 13.0% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 260,833 shares of the pipeline company’s stock after purchasing an additional 30,000 shares during the quarter. De Lisle Partners LLP owned approximately 0.67% of Martin Midstream Partners worth $953,000 at the end of the most recent reporting period. 34.90% of the stock is owned by institutional investors.

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.