Martin Midstream Partners L.P. (NASDAQ:MMLP) has received a consensus rating of “Hold” from the six analysts that are presently covering the company, Marketbeat reports. One analyst has rated the stock with a sell recommendation, three have assigned a hold recommendation and one has issued a buy recommendation on the company. The average 12 month price objective among brokers that have issued a report on the stock in the last year is $16.00.
Several research firms recently commented on MMLP. TheStreet downgraded shares of Trinity Industries from a “b” rating to a “c” rating in a report on Thursday, April 25th. ValuEngine raised shares of Zynerba Pharmaceuticals from a “sell” rating to a “hold” rating in a report on Monday, April 1st. BidaskClub raised shares of Zynerba Pharmaceuticals from a “hold” rating to a “buy” rating in a report on Thursday, July 4th. Finally, Zacks Investment Research raised shares of DLH from a “sell” rating to a “hold” rating in a report on Tuesday, July 9th.
In other news, CFO Robert D. Bondurant purchased 10,000 shares of the business’s stock in a transaction on Tuesday, June 11th. The stock was purchased at an average cost of $6.67 per share, with a total value of $66,700.00. Following the acquisition, the chief financial officer now directly owns 78,101 shares in the company, valued at $520,933.67. The purchase was disclosed in a filing with the SEC, which is available through the SEC website. Also, VP Chris H. Booth purchased 9,500 shares of the business’s stock in a transaction on Tuesday, June 11th. The stock was purchased at an average cost of $6.75 per share, with a total value of $64,125.00. Following the completion of the acquisition, the vice president now owns 25,803 shares in the company, valued at $174,170.25. The disclosure for this purchase can be found here. Over the last ninety days, insiders purchased 44,285 shares of company stock valued at $306,465. 17.00% of the stock is owned by insiders.
Large investors have recently made changes to their positions in the business. Sippican Capital Advisors bought a new position in Martin Midstream Partners in the 1st quarter valued at $189,000. Geode Capital Management LLC boosted its holdings in Martin Midstream Partners by 97.1% in the 4th quarter. Geode Capital Management LLC now owns 44,483 shares of the pipeline company’s stock valued at $457,000 after purchasing an additional 21,909 shares during the period. Arrow Investment Advisors LLC boosted its holdings in Martin Midstream Partners by 12.9% in the 1st quarter. Arrow Investment Advisors LLC now owns 49,935 shares of the pipeline company’s stock valued at $622,000 after purchasing an additional 5,716 shares during the period. Virtu Financial LLC bought a new position in Martin Midstream Partners in the 1st quarter valued at $418,000. Finally, JPMorgan Chase & Co. boosted its holdings in Martin Midstream Partners by 1.9% in the 1st quarter. JPMorgan Chase & Co. now owns 686,501 shares of the pipeline company’s stock valued at $8,547,000 after purchasing an additional 12,740 shares during the period. 27.24% of the stock is owned by hedge funds and other institutional investors.
Shares of MMLP stock traded up $0.05 during trading hours on Tuesday, hitting $7.07. 78,647 shares of the company were exchanged, compared to its average volume of 134,794. The company’s fifty day moving average price is $6.78. The company has a debt-to-equity ratio of 2.31, a current ratio of 0.36 and a quick ratio of 0.22. Martin Midstream Partners has a 52-week low of $6.03 and a 52-week high of $14.32. The firm has a market cap of $275.02 million, a PE ratio of 18.61, a price-to-earnings-growth ratio of 6.58 and a beta of 1.09.
Martin Midstream Partners (NASDAQ:MMLP) last released its quarterly earnings data on Wednesday, April 24th. The pipeline company reported ($0.09) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.22 by ($0.31). The business had revenue of $250.97 million during the quarter, compared to the consensus estimate of $276.53 million. Martin Midstream Partners had a negative return on equity of 10.10% and a net margin of 2.78%. Research analysts forecast that Martin Midstream Partners will post 0.54 EPS for the current fiscal year.
Martin Midstream Partners Company Profile
Martin Midstream Partners L.P. collects, transports, stores, and markets petroleum products and by-products in the United States Gulf Coast region. The company's Terminalling and Storage segment owns or operates 19 marine shore-based terminal facilities and 14 specialty terminal facilities that provide storage, refining, blending, packaging, and handling services for producers and suppliers of petroleum products and by-products.
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