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

Equities research analysts at StockNews.com initiated coverage on shares of Martin Midstream Partners (NASDAQ:MMLP) in a research note issued to investors on Tuesday. The brokerage set a “buy” rating on the pipeline company’s stock.

Martin Midstream Partners Price Performance

NASDAQ MMLP opened at $4.00 on Tuesday. Martin Midstream Partners has a 1-year low of $2.04 and a 1-year high of $4.13. The company has a market capitalization of $156.00 million, a P/E ratio of 44.44 and a beta of 2.12. The business has a 50 day moving average price of $3.67 and a 200 day moving average price of $3.32.

Martin Midstream Partners (NASDAQ:MMLP) last released its quarterly earnings data on Wednesday, July 17th. The pipeline company reported $0.09 earnings per share for the quarter, beating the consensus estimate of $0.08 by $0.01. Martin Midstream Partners had a negative return on equity of 10.46% and a net margin of 0.90%. The firm had revenue of $184.53 million during the quarter, compared to the consensus estimate of $193.91 million. During the same period last year, the business posted $0.03 EPS. On average, research analysts expect that Martin Midstream Partners will post 0.13 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in the company. Virtu Financial LLC acquired a new stake in Martin Midstream Partners during the first quarter worth approximately $55,000. Acadian Asset Management LLC purchased a new position in Martin Midstream Partners during the first quarter worth about $50,000. Finally, American National Bank acquired a new stake in Martin Midstream Partners in the 1st quarter worth about $35,000. Institutional investors and hedge funds own 34.90% of the company’s stock.

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.