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

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

Martin Midstream Partners Stock Performance

Shares of MMLP stock opened at $3.99 on Monday. The stock has a fifty day moving average price of $3.94 and a 200 day moving average price of $3.63. The stock has a market cap of $155.61 million, a PE ratio of 39.90 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 posted its quarterly earnings data on Wednesday, October 16th. The pipeline company reported ($0.08) 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 negative return on equity of 6.93% and a net margin of 0.59%. During the same quarter in the prior year, the business posted ($0.03) EPS. As a group, equities research analysts predict 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 bought a new position in Martin Midstream Partners stock. Virtu Financial LLC bought a new position in shares of Martin Midstream Partners L.P. (NASDAQ:MMLP) during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 21,342 shares of the pipeline company’s stock, valued at approximately $55,000. Virtu Financial LLC owned approximately 0.05% of Martin Midstream Partners at the end of the most recent quarter. 34.90% of the stock is 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.