Martin Midstream Partners (NASDAQ:MMLP) Coverage Initiated by Analysts at StockNews.com

Equities researchers at StockNews.com assumed coverage on shares of Martin Midstream Partners (NASDAQ:MMLP) in a note issued to investors on Monday. The firm set a “buy” rating on the pipeline company’s stock.

Martin Midstream Partners Stock Up 0.5 %

NASDAQ MMLP opened at $3.70 on Monday. The stock has a market capitalization of $144.50 million, a PE ratio of -28.46 and a beta of 2.08. The company has a 50 day moving average price of $3.62 and a two-hundred day moving average price of $3.76. Martin Midstream Partners has a 12-month low of $2.36 and a 12-month high of $4.13.

Martin Midstream Partners (NASDAQ:MMLP) last posted its earnings results on Wednesday, February 12th. The pipeline company reported ($0.22) earnings per share (EPS) 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%. As a group, equities analysts anticipate that Martin Midstream Partners will post 0.15 EPS for the current year.

Institutional Trading of Martin Midstream Partners

Several large investors have recently modified their holdings of the company. Geode Capital Management LLC boosted its holdings in shares of Martin Midstream Partners by 24.9% during the 4th quarter. Geode Capital Management LLC now owns 29,894 shares of the pipeline company’s stock worth $107,000 after buying an additional 5,966 shares during the period. US Bancorp DE bought a new stake in shares of Martin Midstream Partners during the 4th quarter worth $32,000. Squarepoint Ops LLC bought a new stake in shares of Martin Midstream Partners during the 4th quarter worth $36,000. CSS LLC IL bought a new stake in shares of Martin Midstream Partners during the 4th quarter worth $100,000. Finally, De Lisle Partners LLP boosted its holdings in shares of Martin Midstream Partners by 13.0% during the 3rd quarter. De Lisle Partners LLP now owns 260,833 shares of the pipeline company’s stock worth $953,000 after buying an additional 30,000 shares during the period. 34.90% of the stock is owned by 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.