Martin Midstream Partners (MMLP) Given a $15.00 Price Target by Stifel Nicolaus Analysts
Stifel Nicolaus set a $15.00 price objective on Martin Midstream Partners (NASDAQ:MMLP) in a research report sent to investors on Tuesday morning. The brokerage currently has a hold rating on the pipeline company’s stock.
Other analysts also recently issued research reports about the stock. BidaskClub raised shares of Martin Midstream Partners from a strong sell rating to a sell rating in a research report on Thursday, January 11th. B. Riley set a $18.00 target price on shares of Martin Midstream Partners and gave the company a buy rating in a research report on Thursday, February 15th. Finally, Zacks Investment Research upgraded Martin Midstream Partners from a sell rating to a hold rating in a report on Wednesday, January 3rd. One investment analyst has rated the stock with a sell rating, five have given a hold rating and two have given a buy rating to the company’s stock. The stock has a consensus rating of Hold and a consensus price target of $19.00.
Shares of Martin Midstream Partners (MMLP) opened at $13.75 on Tuesday. The firm has a market cap of $534.12, a P/E ratio of 19.86 and a beta of 1.57. The company has a current ratio of 1.81, a quick ratio of 1.08 and a debt-to-equity ratio of 2.72. Martin Midstream Partners has a 52-week low of $12.70 and a 52-week high of $20.55.
Several institutional investors have recently bought and sold shares of the business. Brookfield Asset Management Inc. bought a new position in shares of Martin Midstream Partners during the 4th quarter worth approximately $27,550,000. Two Sigma Securities LLC bought a new position in shares of Martin Midstream Partners during the 4th quarter worth approximately $167,000. Goldman Sachs Group Inc. boosted its holdings in shares of Martin Midstream Partners by 107.5% during the 4th quarter. Goldman Sachs Group Inc. now owns 566,172 shares of the pipeline company’s stock worth $7,926,000 after buying an additional 293,253 shares in the last quarter. Deutsche Bank AG boosted its holdings in shares of Martin Midstream Partners by 519.6% during the 4th quarter. Deutsche Bank AG now owns 76,010 shares of the pipeline company’s stock worth $1,064,000 after buying an additional 63,742 shares in the last quarter. Finally, Geode Capital Management LLC boosted its holdings in shares of Martin Midstream Partners by 28.1% during the 4th quarter. Geode Capital Management LLC now owns 24,013 shares of the pipeline company’s stock worth $336,000 after buying an additional 5,267 shares in the last quarter. Hedge funds and other institutional investors own 31.21% of the company’s stock.
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About Martin Midstream Partners
Martin Midstream Partners L.P. is a limited partnership with a set of operations focused in the United States Gulf Coast region. The Company’s four business lines include terminalling and storage services for petroleum products and by-products, including the refining of naphthenic crude oil and the blending and packaging of finished lubricants; natural gas services, including liquids transportation and distribution services, and natural gas storage; sulfur and sulfur-based products processing, manufacturing, marketing and distribution, and marine transportation services for petroleum products and by-products.
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