Martin Midstream Partners L.P. (NASDAQ:MMLP) was up 3.7% during mid-day trading on Friday . The stock traded as high as $20.91 and last traded at $20.78, with a volume of 134,665 shares traded. The stock had previously closed at $20.04.

Separately, Zacks Investment Research downgraded Martin Midstream Partners L.P. from a “hold” rating to a “sell” rating in a report on Wednesday, June 29th. Two analysts have rated the stock with a sell rating, two have given a hold rating and three have assigned a buy rating to the company. Martin Midstream Partners L.P. currently has an average rating of “Hold” and an average price target of $22.20.

The stock’s 50-day moving average price is $22.84 and its 200 day moving average price is $20.55. The firm has a market capitalization of $742.05 million and a PE ratio of 84.74.

Martin Midstream Partners L.P. (NASDAQ:MMLP) last issued its quarterly earnings data 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 firm earned $190.35 million during the quarter, compared to analysts’ expectations of $225.13 million. The business’s revenue was down 24.2% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.19 EPS. Analysts expect that Martin Midstream Partners L.P. will post $0.54 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which was paid on Friday, August 12th. Stockholders of record on Friday, August 5th were given a $0.8125 dividend. The ex-dividend date of this dividend was Wednesday, August 3rd. This represents a $3.25 dividend on an annualized basis and a dividend yield of 15.53%.

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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