Martin Midstream Partners (NASDAQ:MMLP) Earns Buy Rating from Analysts at StockNews.com

Analysts at StockNews.com started coverage on shares of Martin Midstream Partners (NASDAQ:MMLP) in a research note issued on Tuesday. The firm set a “buy” rating on the pipeline company’s stock.

Martin Midstream Partners Stock Up 0.8 %

Shares of NASDAQ:MMLP opened at $3.58 on Tuesday. Martin Midstream Partners has a fifty-two week low of $2.36 and a fifty-two week high of $4.13. The stock has a market cap of $139.82 million, a price-to-earnings ratio of -27.54 and a beta of 2.08. The firm’s 50 day moving average price is $3.63 and its 200 day moving average price is $3.76.

Martin Midstream Partners (NASDAQ:MMLP) last released its quarterly earnings data on Wednesday, February 12th. The pipeline company reported ($0.22) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.03 by ($0.25). Martin Midstream Partners had a negative return on equity of 6.93% and a negative net margin of 0.73%. On average, equities analysts anticipate that Martin Midstream Partners will post 0.15 EPS for the current year.

Hedge Funds Weigh In On Martin Midstream Partners

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. US Bancorp DE acquired a new position in Martin Midstream Partners in the fourth quarter valued at $32,000. Gardner Lewis Asset Management L P acquired a new stake in shares of Martin Midstream Partners in the 4th quarter valued at about $824,000. Toronto Dominion Bank purchased a new position in Martin Midstream Partners during the 4th quarter worth approximately $233,000. Tiptree Advisors LLC acquired a new position in Martin Midstream Partners during the fourth quarter worth approximately $524,000. Finally, CSS LLC IL purchased a new stake in Martin Midstream Partners in the fourth quarter valued at approximately $100,000. 34.90% of the stock is 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.