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

Posted by ABMN Staff on Jan 3rd, 2025

Analysts at StockNews.com initiated coverage on shares of Martin Midstream Partners (NASDAQ:MMLP – Get Free Report) in a research note issued to investors on Friday. The firm set a “buy” rating on the pipeline company’s stock.

Martin Midstream Partners Price Performance

Martin Midstream Partners stock opened at $3.42 on Friday. Martin Midstream Partners has a fifty-two week low of $2.04 and a fifty-two week high of $4.13. The firm has a market cap of $133.38 million, a price-to-earnings ratio of 34.20 and a beta of 2.10. The firm has a fifty day moving average price of $3.95 and a two-hundred day moving average price of $3.74.

Martin Midstream Partners (NASDAQ:MMLP – Get Free Report) last released its quarterly earnings data on Wednesday, October 16th. The pipeline company reported ($0.08) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.03) by ($0.05). The company 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 in the previous year, the firm posted ($0.03) earnings per share. As a group, sell-side analysts expect that Martin Midstream Partners will post 0.16 earnings per share for the current year.

Institutional Trading of Martin Midstream Partners

A hedge fund recently raised its stake in Martin Midstream Partners stock. De Lisle Partners LLP boosted its holdings in shares of Martin Midstream Partners L.P. (NASDAQ:MMLP – Free Report) by 13.0% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 260,833 shares of the pipeline company’s stock after buying an additional 30,000 shares during the quarter. De Lisle Partners LLP owned approximately 0.67% of Martin Midstream Partners worth $953,000 at the end of the most recent reporting period. 34.90% of the stock is currently owned by institutional investors and hedge funds.

Martin Midstream Partners Company Profile

(Get Free Report)

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.