Martin Midstream Partners L.P. (NASDAQ:MMLP) was down 1.3% on Friday . The company traded as low as $23.66 and last traded at $23.96, with a volume of 181,600 shares traded. The stock had previously closed at $24.28.

A number of equities research analysts recently weighed in on MMLP shares. Raymond James Financial Inc. upped their target price on shares of Martin Midstream Partners L.P. from $19.00 to $22.00 and gave the stock an “outperform” rating in a report on Friday, March 25th. Robert W. Baird restated a “hold” rating on shares of Martin Midstream Partners L.P. in a report on Saturday, April 9th. Finally, Zacks Investment Research lowered shares of Martin Midstream Partners L.P. from a “hold” rating to a “sell” rating in a report on Wednesday, June 29th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and three have assigned a buy rating to the company. Martin Midstream Partners L.P. has a consensus rating of “Hold” and an average target price of $22.20.

The stock has a market capitalization of $850.54 million and a PE ratio of 41.65. The company’s 50 day moving average is $22.78 and its 200-day moving average is $20.04.

Martin Midstream Partners L.P. (NASDAQ:MMLP) last announced its quarterly earnings results on Wednesday, April 27th. The company reported $0.33 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.36 by $0.03. During the same quarter in the previous year, the business posted $0.37 earnings per share. The business had revenue of $205.60 million for the quarter, compared to analyst estimates of $253.33 million. The firm’s revenue was down 32.7% on a year-over-year basis. Equities research analysts forecast that Martin Midstream Partners L.P. will post $0.94 earnings per share for the current year.

Several large investors recently made changes to their positions in MMLP. Penserra Capital Management LLC bought a new stake in shares of Martin Midstream Partners L.P. during the fourth quarter worth $1,146,000. Commonwealth of Pennsylvania Public School Empls Retrmt SYS raised its stake in shares of Martin Midstream Partners L.P. by 430.4% in the fourth quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 56,273 shares of the company’s stock worth $1,221,000 after buying an additional 45,664 shares during the last quarter. Finally, First Trust Advisors LP bought a new stake in shares of Martin Midstream Partners L.P. during the fourth quarter worth $7,675,000.

Martin Midstream Partners L.P. is a limited partnership company with operations focused in the United States Gulf Coast region. The Company’s segments include Terminalling and Storage, Natural Gas Services, Sulfur Services and Marine Transportation. The Company owns or operates approximately 30 marine shore-based terminal facilities and over 20 specialty terminal facilities located in the United States.

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