Martin Midstream Partners (NASDAQ:MMLP) Now Covered by StockNews.com

Research analysts at StockNews.com assumed coverage on shares of Martin Midstream Partners (NASDAQ:MMLP) in a report released on Sunday. The brokerage set a “buy” rating on the pipeline company’s stock.

Martin Midstream Partners Trading Up 0.8 %

Shares of NASDAQ:MMLP opened at $4.00 on Friday. Martin Midstream Partners has a 12-month low of $2.04 and a 12-month high of $4.13. The company has a market cap of $156.00 million, a PE ratio of 40.00 and a beta of 2.10. The stock has a 50 day moving average of $3.88 and a 200 day moving average of $3.58.

Martin Midstream Partners (NASDAQ:MMLP) last announced its quarterly earnings data on Wednesday, October 16th. The pipeline company reported ($0.08) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.03) by ($0.05). The company had revenue of $170.93 million for the quarter, compared to analysts’ expectations 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 period last year, the business earned ($0.03) earnings per share. Equities research analysts predict that Martin Midstream Partners will post 0.16 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Martin Midstream Partners

Several large investors have recently modified their holdings of MMLP. De Lisle Partners LLP lifted its stake in Martin Midstream Partners by 13.0% in the third quarter. De Lisle Partners LLP now owns 260,833 shares of the pipeline company’s stock worth $953,000 after purchasing an additional 30,000 shares during the last quarter. Virtu Financial LLC purchased a new position in Martin Midstream Partners during the 1st quarter worth $55,000. Finally, Acadian Asset Management LLC purchased a new position in shares of Martin Midstream Partners during the first quarter valued at $50,000. Institutional investors own 34.90% of the company’s stock.

About Martin Midstream Partners

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.