Martin Midstream Partners L.P. (MMLP) Earning Somewhat Favorable Media Coverage, Report Shows
Press coverage about Martin Midstream Partners L.P. (NASDAQ:MMLP) has been trending somewhat positive recently, Accern reports. The research firm rates the sentiment of media coverage by analyzing more than 20 million blog and news sources. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores closest to one being the most favorable. Martin Midstream Partners L.P. earned a media sentiment score of 0.00 on Accern’s scale. Accern also gave news coverage about the pipeline company an impact score of 46.1918324684825 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the near term.
Here are some of the news articles that may have effected Accern Sentiment Analysis’s rankings:
- $232.91 Million in Sales Expected for Martin Midstream Partners L.P. (MMLP) This Quarter (americanbankingnews.com)
- Executive Vice President/COO of Martin Midstream Partners Lp (NASDAQ:MMLP), Tauscher Randall, buys 315 shares worth $4,378 (empowerednews.net)
- Executive VP and CFO of Martin Midstream Partners Lp (NASDAQ:MMLP), Bondurant Robert D, buys 448 shares worth $6,227 (empowerednews.net)
- Martin Midstream Partners (MMLP) Presents At 2017 RBC Capital Markets’ Midstream Conference – Slideshow (seekingalpha.com)
- Martin Midstream Partners L.P. (MMLP) Given Consensus Recommendation of “Hold” by Analysts (americanbankingnews.com)
Shares of Martin Midstream Partners L.P. (MMLP) traded up $0.25 during mid-day trading on Thursday, hitting $13.40. The stock had a trading volume of 69,200 shares, compared to its average volume of 156,299. The stock has a market cap of $515.18, a P/E ratio of 18.79 and a beta of 1.57. Martin Midstream Partners L.P. has a fifty-two week low of $13.10 and a fifty-two week high of $20.90. The company has a current ratio of 2.04, a quick ratio of 0.86 and a debt-to-equity ratio of 2.78.
The firm also recently announced a quarterly dividend, which was paid on Tuesday, November 14th. Stockholders of record on Tuesday, November 7th were paid a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a dividend yield of 14.93%. The ex-dividend date of this dividend was Monday, November 6th. Martin Midstream Partners L.P.’s dividend payout ratio (DPR) is 434.78%.
MMLP has been the subject of a number of recent research reports. Royal Bank Of Canada reaffirmed a “hold” rating and set a $18.00 price objective on shares of Martin Midstream Partners L.P. in a research report on Friday, October 27th. Zacks Investment Research cut Martin Midstream Partners L.P. from a “strong-buy” rating to a “hold” rating in a research report on Friday, October 27th. Stifel Nicolaus decreased their price objective on Martin Midstream Partners L.P. from $19.00 to $17.00 and set a “hold” rating for the company in a research report on Thursday, October 26th. BidaskClub raised Martin Midstream Partners L.P. from a “sell” rating to a “hold” rating in a research report on Thursday, August 17th. Finally, Robert W. Baird reaffirmed a “hold” rating and set a $20.00 price objective on shares of Martin Midstream Partners L.P. in a research report on Thursday, August 24th. Five equities research analysts have rated the stock with a hold rating and one has given a buy rating to the company. The company presently has a consensus rating of “Hold” and an average target price of $19.60.
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In other Martin Midstream Partners L.P. news, insider Ruben S. Martin bought 5,000 shares of the business’s stock in a transaction dated Tuesday, November 14th. The stock was acquired at an average cost of $13.61 per share, with a total value of $68,050.00. Following the purchase, the insider now owns 140,598 shares in the company, valued at approximately $1,913,538.78. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CFO Robert D. Bondurant bought 2,000 shares of the business’s stock in a transaction dated Tuesday, November 14th. The shares were acquired at an average cost of $13.58 per share, with a total value of $27,160.00. Following the completion of the purchase, the chief financial officer now owns 39,314 shares in the company, valued at approximately $533,884.12. The disclosure for this purchase can be found here. Over the last three months, insiders have bought 9,268 shares of company stock valued at $129,797. Company insiders own 17.00% of the company’s stock.
Martin Midstream Partners L.P. Company Profile
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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