Equities researchers at StockNews.com assumed coverage on shares of Martin Midstream Partners (NASDAQ:MMLP – Get Free Report) in a note issued to investors on Sunday. The firm set a “buy” rating on the pipeline company’s stock.
Martin Midstream Partners Trading Up 0.5 %
Shares of NASDAQ:MMLP opened at $3.76 on Friday. The stock has a market cap of $146.85 million, a PE ratio of -28.92 and a beta of 2.08. The stock’s fifty day simple moving average is $3.58 and its two-hundred day simple moving average is $3.75. Martin Midstream Partners has a 1-year low of $2.36 and a 1-year high of $4.13.
Martin Midstream Partners (NASDAQ:MMLP – Get Free Report) last released its quarterly earnings results on Wednesday, February 12th. The pipeline company reported ($0.22) earnings per share for the quarter, missing analysts’ consensus estimates of $0.03 by ($0.25). Martin Midstream Partners had a negative net margin of 0.73% and a negative return on equity of 6.93%. On average, sell-side analysts forecast that Martin Midstream Partners will post 0.15 earnings per share for the current fiscal year.
Institutional Inflows and Outflows
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.
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