Martin Midstream Partners (MMLP) – Research Analysts’ Recent Ratings Updates

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Martin Midstream Partners (NASDAQ: MMLP) recently received a number of ratings updates from brokerages and research firms:

  • 11/8/2018 – Martin Midstream Partners was downgraded by analysts at BidaskClub from a “buy” rating to a “hold” rating.
  • 11/2/2018 – Martin Midstream Partners was upgraded by analysts at BidaskClub from a “buy” rating to a “strong-buy” rating.
  • 11/1/2018 – Martin Midstream Partners was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. According to Zacks, “Martin Midstream is a limited partnership which stores and transports hydrocarbon products and specialty chemicals, primarily in the Gulf Coast. It runs a marine transportation business, mostly barges and tugs, and operates storage tanks. “
  • 11/1/2018 – Martin Midstream Partners was upgraded by analysts at ValuEngine from a “sell” rating to a “hold” rating.
  • 10/31/2018 – Martin Midstream Partners was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $14.00 price target on the stock. According to Zacks, “Martin Midstream is a limited partnership which stores and transports hydrocarbon products and specialty chemicals, primarily in the Gulf Coast. It runs a marine transportation business, mostly barges and tugs, and operates storage tanks. “
  • 10/26/2018 – Martin Midstream Partners had its price target lowered by analysts at Raymond James from $17.00 to $15.00. They now have an “outperform” rating on the stock.
  • 10/26/2018 – Martin Midstream Partners was upgraded by analysts at BidaskClub from a “hold” rating to a “buy” rating.
  • 10/22/2018 – Martin Midstream Partners was upgraded by analysts at ValuEngine from a “strong sell” rating to a “sell” rating.
  • 10/12/2018 – Martin Midstream Partners was upgraded by analysts at BidaskClub from a “sell” rating to a “hold” rating.
  • 10/2/2018 – Martin Midstream Partners was upgraded by analysts at BidaskClub from a “strong sell” rating to a “sell” rating.
  • 9/26/2018 – Martin Midstream Partners was downgraded by analysts at Zacks Investment Research from a “hold” rating to a “strong sell” rating. According to Zacks, “Martin Midstream is a limited partnership which stores and transports hydrocarbon products and specialty chemicals, primarily in the Gulf Coast. It runs a marine transportation business, mostly barges and tugs, and operates storage tanks. “

Shares of NASDAQ MMLP traded down $0.05 during trading on Friday, reaching $11.36. 600 shares of the company traded hands, compared to its average volume of 246,878. The company has a quick ratio of 1.03, a current ratio of 2.28 and a debt-to-equity ratio of 2.45. The company has a market cap of $457.51 million, a PE ratio of 25.82, a PEG ratio of 52.09 and a beta of 1.05. Martin Midstream Partners L.P. has a 52-week low of $10.65 and a 52-week high of $16.95.

Martin Midstream Partners (NASDAQ:MMLP) last announced its quarterly earnings results on Wednesday, October 24th. The pipeline company reported ($0.24) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.06) by ($0.18). The company had revenue of $219.05 million for the quarter, compared to analysts’ expectations of $226.83 million. Martin Midstream Partners had a net margin of 6.19% and a return on equity of 5.03%. As a group, equities research analysts anticipate that Martin Midstream Partners L.P. will post 0.11 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which was paid on Wednesday, November 14th. Stockholders of record on Wednesday, November 7th were issued a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a dividend yield of 17.61%. The ex-dividend date of this dividend was Tuesday, November 6th. Martin Midstream Partners’s payout ratio is presently 454.55%.

Several hedge funds and other institutional investors have recently made changes to their positions in the company. California Public Employees Retirement System lifted its stake in shares of Martin Midstream Partners by 10.8% in the 2nd quarter. California Public Employees Retirement System now owns 43,226 shares of the pipeline company’s stock worth $597,000 after purchasing an additional 4,226 shares during the period. Bank of America Corp DE lifted its stake in shares of Martin Midstream Partners by 26.4% in the 2nd quarter. Bank of America Corp DE now owns 31,454 shares of the pipeline company’s stock worth $434,000 after purchasing an additional 6,564 shares during the period. Endurance Wealth Management Inc. lifted its stake in shares of Martin Midstream Partners by 106.1% in the 2nd quarter. Endurance Wealth Management Inc. now owns 13,600 shares of the pipeline company’s stock worth $188,000 after purchasing an additional 7,000 shares during the period. Rational Advisors LLC lifted its stake in shares of Martin Midstream Partners by 35.8% in the 2nd quarter. Rational Advisors LLC now owns 45,900 shares of the pipeline company’s stock worth $633,000 after purchasing an additional 12,100 shares during the period. Finally, PVG Asset Management Corp lifted its stake in shares of Martin Midstream Partners by 35.8% in the 2nd quarter. PVG Asset Management Corp now owns 45,900 shares of the pipeline company’s stock worth $633,000 after purchasing an additional 12,100 shares during the period. 29.00% of the stock is currently owned by hedge funds and other institutional investors.

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 22 marine shore-based terminal facilities and 16 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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