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

Posted by Alanna Baker on Jan 13th, 2025

Analysts at StockNews.com started coverage on shares of Martin Midstream Partners (NASDAQ:MMLP – Get Free Report) in a research report issued to clients and investors on Saturday. The brokerage set a “buy” rating on the pipeline company’s stock.

Martin Midstream Partners Stock Up 0.6 %

Martin Midstream Partners stock opened at $3.25 on Friday. The stock has a 50-day moving average price of $3.86 and a 200 day moving average price of $3.74. The company has a market capitalization of $126.75 million, a price-to-earnings ratio of 32.50 and a beta of 2.12. Martin Midstream Partners has a 52 week low of $2.04 and a 52 week high of $4.13.

Martin Midstream Partners (NASDAQ:MMLP – Get Free Report) last released 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). The business had revenue of $170.93 million during the quarter, compared to analysts’ expectations 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 last year, the company earned ($0.03) earnings per share. Research analysts anticipate that Martin Midstream Partners will post 0.16 EPS for the current fiscal year.

Institutional Trading of Martin Midstream Partners

A hedge fund recently raised its stake in Martin Midstream Partners stock. De Lisle Partners LLP grew its stake in Martin Midstream Partners L.P. (NASDAQ:MMLP – Free Report) by 13.0% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 260,833 shares of the pipeline company’s stock after purchasing an additional 30,000 shares during the period. De Lisle Partners LLP owned about 0.67% of Martin Midstream Partners worth $953,000 at the end of the most recent quarter. 34.90% of the stock is currently owned by institutional investors.

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.