Martin Midstream Partners (NASDAQ:MMLP) Research Coverage Started at StockNews.com

StockNews.com started coverage on shares of Martin Midstream Partners (NASDAQ:MMLP) in a research note published on Tuesday morning. The firm issued a buy rating on the pipeline company’s stock.

Martin Midstream Partners Price Performance

Shares of MMLP opened at $4.02 on Tuesday. The stock has a market capitalization of $156.78 million, a P/E ratio of 40.20 and a beta of 2.10. Martin Midstream Partners has a 12-month low of $2.04 and a 12-month high of $4.13. The firm’s 50 day moving average is $3.98 and its 200-day moving average is $3.67.

Martin Midstream Partners (NASDAQ:MMLP) last announced its earnings results on Wednesday, October 16th. The pipeline company reported ($0.08) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.03) by ($0.05). The firm had revenue of $170.93 million for the quarter, compared to analyst estimates 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 period last year, the firm earned ($0.03) earnings per share. As a group, equities research analysts forecast that Martin Midstream Partners will post 0.16 EPS for the current fiscal year.

Martin Midstream Partners Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, November 14th. Investors of record on Thursday, November 7th were paid a dividend of $0.005 per share. This represents a $0.02 annualized dividend and a yield of 0.50%. The ex-dividend date of this dividend was Thursday, November 7th. Martin Midstream Partners’s payout ratio is currently 20.00%.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in Martin Midstream Partners stock. De Lisle Partners LLP boosted its position in shares of Martin Midstream Partners L.P. (NASDAQ:MMLP) by 13.0% in the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 260,833 shares of the pipeline company’s stock after purchasing an additional 30,000 shares during the quarter. De Lisle Partners LLP owned 0.67% of Martin Midstream Partners worth $953,000 as of its most recent SEC filing. 34.90% of the stock is currently owned by institutional investors and hedge funds.

About Martin Midstream Partners

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.