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

Stock analysts at StockNews.com assumed coverage on shares of Martin Midstream Partners (NASDAQ:MMLP) in a research report issued to clients and investors on Friday. The firm set a “buy” rating on the pipeline company’s stock.

Martin Midstream Partners Price Performance

NASDAQ:MMLP opened at $3.97 on Friday. The company’s 50 day moving average is $3.79 and its 200-day moving average is $3.49. Martin Midstream Partners has a 12 month low of $2.04 and a 12 month high of $4.13. The firm has a market cap of $154.83 million, a price-to-earnings ratio of 39.70 and a beta of 2.10.

Martin Midstream Partners (NASDAQ:MMLP) last announced its earnings results 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 negative return on equity of 6.93% and a net margin of 0.59%. The firm had revenue of $170.93 million during the quarter, compared to the consensus estimate of $176.43 million. During the same quarter last year, the business earned ($0.03) EPS. Research analysts predict that Martin Midstream Partners will post 0.16 EPS for the current fiscal year.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in Martin Midstream Partners stock. Acadian Asset Management LLC acquired a new position in shares of Martin Midstream Partners L.P. (NASDAQ:MMLP) during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. 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 Securities and Exchange Commission. 34.90% of the stock is currently owned by institutional investors and hedge funds.

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.