Martin Midstream Partners L.P. (MMLP) Earning Somewhat Positive Press Coverage, Study Shows
Headlines about Martin Midstream Partners L.P. (NASDAQ:MMLP) have been trending somewhat positive recently, according to Accern Sentiment Analysis. Accern identifies negative and positive press coverage by monitoring more than 20 million blog and news sources in real time. Accern ranks coverage of companies on a scale of negative one to one, with scores nearest to one being the most favorable. Martin Midstream Partners L.P. earned a daily sentiment score of 0.13 on Accern’s scale. Accern also gave media headlines about the pipeline company an impact score of 45.3158966696821 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the immediate future.
Here are some of the media headlines that may have impacted Accern’s analysis:
- Martin Midstream Partners L.P. (MMLP) Expected to Post Earnings of -$0.08 Per Share (americanbankingnews.com)
- These Five Midstream MLPs Offer Highest Yield (finance.yahoo.com)
- BidaskClub Upgrades Summit Midstream Partners, LP (SMLP) to Hold – Newburgh Gazette (newburghgazette.com)
- $185.42 Million in Sales Expected for Martin Midstream Partners L.P. (MMLP) This Quarter (americanbankingnews.com)
Martin Midstream Partners L.P. (NASDAQ:MMLP) last issued its quarterly earnings data on Wednesday, July 26th. The pipeline company reported $0.03 EPS for the quarter, topping analysts’ consensus estimates of ($0.04) by $0.07. Martin Midstream Partners L.P. had a net margin of 3.67% and a return on equity of 9.62%. The firm had revenue of $193.90 million for the quarter, compared to analyst estimates of $201.17 million. During the same quarter in the previous year, the business posted ($0.14) EPS. The firm’s revenue was up 1.9% compared to the same quarter last year.
Several equities analysts recently commented on MMLP shares. Zacks Investment Research raised Martin Midstream Partners L.P. from a “hold” rating to a “buy” rating and set a $20.00 target price on the stock in a report on Tuesday, May 30th. BidaskClub raised Martin Midstream Partners L.P. from a “sell” rating to a “hold” rating in a report on Tuesday, July 18th. Robert W. Baird reaffirmed a “hold” rating and set a $20.00 price objective on shares of Martin Midstream Partners L.P. in a report on Thursday, August 24th. Finally, Stifel Nicolaus reaffirmed a “hold” rating and set a $20.00 price objective on shares of Martin Midstream Partners L.P. in a report on Friday, August 11th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and one has assigned a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average target price of $21.20.
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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