Shares of Martin Midstream Partners L.P. (NASDAQ:MMLP) have been given a consensus rating of “Hold” by the eight ratings firms that are covering the firm. Two investment analysts have rated the stock with a sell recommendation, two have assigned a hold recommendation and three have issued a buy recommendation on the company. The average 12 month price objective among brokerages that have issued ratings on the stock in the last year is $21.00.

A number of equities research analysts have weighed in on MMLP shares. Zacks Investment Research downgraded Martin Midstream Partners L.P. from a “hold” rating to a “sell” rating in a report on Tuesday, August 2nd. Janney Montgomery Scott started coverage on Martin Midstream Partners L.P. in a report on Friday, September 16th. They issued a “neutral” rating and a $22.00 target price on the stock. Finally, FBR & Co started coverage on Martin Midstream Partners L.P. in a report on Friday, September 9th. They issued an “outperform” rating and a $27.00 target price on the stock.

Martin Midstream Partners L.P. (NASDAQ:MMLP) opened at 20.99 on Monday. Martin Midstream Partners L.P. has a 1-year low of $13.27 and a 1-year high of $29.90. The firm has a 50-day moving average price of $20.33 and a 200-day moving average price of $21.47. The firm has a market capitalization of $744.18 million, a PE ratio of 84.98 and a beta of 1.31.

Martin Midstream Partners L.P. (NASDAQ:MMLP) last issued its earnings results on Wednesday, July 27th. The company reported ($0.14) earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.24 by $0.38. The business earned $190.35 million during the quarter, compared to analysts’ expectations of $225.13 million. The business’s quarterly revenue was down 24.2% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.19 earnings per share. Equities analysts expect that Martin Midstream Partners L.P. will post $0.56 earnings per share for the current fiscal year.

Several large investors have recently added to or reduced their stakes in MMLP. Babson Capital Management LLC bought a new position in shares of Martin Midstream Partners L.P. during the first quarter valued at about $2,165,000. Pinnacle Holdings LLC raised its position in shares of Martin Midstream Partners L.P. by 3.4% in the first quarter. Pinnacle Holdings LLC now owns 66,141 shares of the company’s stock valued at $1,328,000 after buying an additional 2,145 shares in the last quarter. Rafferty Asset Management LLC raised its position in shares of Martin Midstream Partners L.P. by 31.3% in the first quarter. Rafferty Asset Management LLC now owns 106,790 shares of the company’s stock valued at $2,144,000 after buying an additional 25,442 shares in the last quarter. GSA Capital Partners LLP raised its position in shares of Martin Midstream Partners L.P. by 87.0% in the second quarter. GSA Capital Partners LLP now owns 148,239 shares of the company’s stock valued at $3,424,000 after buying an additional 68,959 shares in the last quarter. Finally, State Street Corp raised its position in shares of Martin Midstream Partners L.P. by 3.9% in the first quarter. State Street Corp now owns 24,665 shares of the company’s stock valued at $496,000 after buying an additional 924 shares in the last quarter.

About Martin Midstream Partners L.P.

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.

5 Day Chart for NASDAQ:MMLP

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