Martin Midstream Partners (NASDAQ:MMLP) Coverage Initiated by Analysts at StockNews.com

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

Martin Midstream Partners Price Performance

NASDAQ MMLP opened at $3.97 on Friday. Martin Midstream Partners has a twelve month low of $2.04 and a twelve month high of $4.13. The stock has a market cap of $154.83 million, a P/E ratio of 39.70 and a beta of 2.10. The company’s 50-day simple moving average is $3.79 and its 200 day simple moving average is $3.49.

Martin Midstream Partners (NASDAQ:MMLP) last released its quarterly earnings data on Wednesday, October 16th. The pipeline company reported ($0.08) earnings per share 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 net margin of 0.59% and a negative return on equity of 6.93%. During the same quarter in the prior year, the company posted ($0.03) earnings per share. Research analysts anticipate that Martin Midstream Partners will post 0.16 earnings per share for the current year.

Institutional Investors Weigh In On Martin Midstream Partners

An institutional investor recently bought a new position in Martin Midstream Partners stock. Virtu Financial LLC acquired a new stake in Martin Midstream Partners L.P. (NASDAQ:MMLP) in the 1st quarter, according to the company in its most recent filing with the SEC. The fund acquired 21,342 shares of the pipeline company’s stock, valued at approximately $55,000. Virtu Financial LLC owned about 0.05% of Martin Midstream Partners as of its most recent filing with the SEC. 34.90% of the stock is currently owned by hedge funds and other 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.