Investment analysts at StockNews.com began coverage on shares of Martin Midstream Partners (NASDAQ:MMLP – Get Free Report) in a report issued on Wednesday. The firm set a “buy” rating on the pipeline company’s stock.
Martin Midstream Partners Stock Up 0.3 %
Martin Midstream Partners stock opened at $3.99 on Wednesday. The firm has a 50 day moving average price of $3.72 and a 200-day moving average price of $3.38. Martin Midstream Partners has a twelve month low of $2.04 and a twelve month high of $4.13. The company has a market capitalization of $155.61 million, a P/E ratio of 44.33 and a beta of 2.12.
Martin Midstream Partners (NASDAQ:MMLP – Get Free Report) last posted its quarterly earnings data on Wednesday, October 16th. The pipeline company reported ($0.08) EPS for the quarter, missing the consensus estimate of ($0.03) by ($0.05). Martin Midstream Partners had a net margin of 0.90% and a negative return on equity of 10.46%. The firm had revenue of $170.93 million during the quarter, compared to analysts’ expectations of $176.43 million. During the same quarter in the previous year, the company posted ($0.03) EPS. Equities analysts expect that Martin Midstream Partners will post 0.13 EPS for the current fiscal year.
Institutional Trading of Martin Midstream Partners
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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