Martin Midstream Partners L.P. (NASDAQ:MMLP) shares were down 1.2% on Monday . The company traded as low as $20.27 and last traded at $20.28, with a volume of 188,715 shares changing hands. The stock had previously closed at $20.53.

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

The firm has a market cap of $719.01 million and a PE ratio of 82.11. The firm’s 50-day moving average price is $22.12 and its 200-day moving average price is $20.98.

Martin Midstream Partners L.P. (NASDAQ:MMLP) last posted its quarterly earnings results on Wednesday, July 27th. The company reported ($0.14) EPS for the quarter, missing the Zacks’ consensus estimate of $0.24 by $0.38. During the same period in the prior year, the company earned $0.19 EPS. The company had revenue of $190.35 million for the quarter, compared to the consensus estimate of $225.13 million. The firm’s revenue was down 24.2% compared to the same quarter last year. On average, equities research analysts anticipate that Martin Midstream Partners L.P. will post $0.54 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which was paid on Friday, August 12th. Investors of record on Friday, August 5th were issued a dividend of $0.8125 per share. The ex-dividend date was Wednesday, August 3rd. This represents a $3.25 dividend on an annualized basis and a yield of 16.03%.

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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