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

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

Martin Midstream Partners Price Performance Martin Midstream Partners stock opened at $3.42 on Friday. Martin Midstream Partners has a fifty-two week low of $2.



04 and a fifty-two week high of $4.13. The firm has a market cap of $133.

38 million, a price-to-earnings ratio of 34.20 and a beta of 2.10.

The firm has a fifty day moving average price of $3.95 and a two-hundred day moving average price of $3.74.

Martin Midstream Partners ( NASDAQ:MMLP – Get Free Report ) last released its quarterly earnings data on Wednesday, October 16th. The pipeline company reported ($0.08) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.

03) by ($0.05). The company had revenue of $170.

93 million for the quarter, compared to analyst estimates 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 in the previous year, the firm posted ($0.

03) earnings per share. As a group, sell-side analysts expect that Martin Midstream Partners will post 0.16 earnings per share for the current year.

Institutional Trading of Martin Midstream Partners 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. See Also Receive News & Ratings for Martin Midstream Partners Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Martin Midstream Partners and related companies with MarketBeat.com's FREE daily email newsletter .

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