Martin Midstream Partners (NASDAQ:MMLP) Now Covered by StockNews.com

Investment analysts at StockNews.com began coverage on shares of Martin Midstream Partners (NASDAQ:MMLP) 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) 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

A hedge fund recently bought a new stake in Martin Midstream Partners stock. Acadian Asset Management LLC acquired a new stake in shares of Martin Midstream Partners L.P. (NASDAQ:MMLP) during the first quarter, according to its most recent filing with the SEC. The fund acquired 19,959 shares of the pipeline company’s stock, valued at approximately $50,000. Acadian Asset Management LLC owned 0.05% of Martin Midstream Partners as of its most recent filing with the SEC. Hedge funds and other institutional investors 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.