StockNews.com Initiates Coverage on Martin Midstream Partners (NASDAQ:MMLP)

Posted by Mickey Rousseau on Jan 13th, 2025

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

Martin Midstream Partners Stock Up 0.6 %

Shares of Martin Midstream Partners stock opened at $3.25 on Friday. The firm has a market cap of $126.75 million, a PE ratio of 32.50 and a beta of 2.12. Martin Midstream Partners has a twelve month low of $2.04 and a twelve month high of $4.13. The business has a 50-day moving average price of $3.86 and a 200 day moving average price of $3.74.

Martin Midstream Partners (NASDAQ:MMLP – Get Free Report) last posted its quarterly earnings data on Wednesday, October 16th. The pipeline company reported ($0.08) EPS for the quarter, missing analysts’ consensus estimates of ($0.03) by ($0.05). Martin Midstream Partners had a net margin of 0.59% and a negative return on equity of 6.93%. The business had revenue of $170.93 million during the quarter, compared to analysts’ expectations of $176.43 million. During the same quarter last year, the firm earned ($0.03) earnings per share. On average, sell-side analysts expect that Martin Midstream Partners will post 0.16 EPS for the current year.

Institutional Inflows and Outflows

An institutional investor recently raised its position in Martin Midstream Partners stock. De Lisle Partners LLP boosted its position in shares of Martin Midstream Partners L.P. (NASDAQ:MMLP – Free Report) by 13.0% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 260,833 shares of the pipeline company’s stock after buying an additional 30,000 shares during the period. De Lisle Partners LLP owned 0.67% of Martin Midstream Partners worth $953,000 at the end of the most recent quarter. Hedge funds and other institutional investors own 34.90% of the company’s stock.

About Martin Midstream Partners

(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.