Martin Midstream Partners L.P. (MMLP) Getting Somewhat Favorable Press Coverage, Analysis Shows
Media stories about Martin Midstream Partners L.P. (NASDAQ:MMLP) have been trending somewhat positive on Sunday, Accern reports. The research group identifies negative and positive press coverage by analyzing more than 20 million news and blog sources in real time. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Martin Midstream Partners L.P. earned a daily sentiment score of 0.08 on Accern’s scale. Accern also assigned media stories about the pipeline company an impact score of 46.9162265705006 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the near future.
Martin Midstream Partners L.P. (NASDAQ MMLP) traded up $0.05 during midday trading on Friday, hitting $15.95. The stock had a trading volume of 121,383 shares, compared to its average volume of 91,170. The firm has a market cap of $613.23, a P/E ratio of 22.79 and a beta of 1.57. The company has a current ratio of 2.04, a quick ratio of 0.86 and a debt-to-equity ratio of 2.78. Martin Midstream Partners L.P. has a 12 month low of $15.45 and a 12 month high of $20.90.
The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, November 14th. Stockholders of record on Tuesday, November 7th will be issued a $0.50 dividend. This represents a $2.00 annualized dividend and a dividend yield of 12.54%. The ex-dividend date is Monday, November 6th. Martin Midstream Partners L.P.’s payout ratio is presently 434.78%.
A number of equities analysts have weighed in on MMLP shares. BidaskClub downgraded Martin Midstream Partners L.P. from a “hold” rating to a “sell” rating in a research report on Wednesday, July 12th. Zacks Investment Research downgraded Martin Midstream Partners L.P. from a “hold” rating to a “sell” rating in a research report on Friday, July 28th. Stifel Nicolaus reaffirmed a “hold” rating and set a $20.00 price target on shares of Martin Midstream Partners L.P. in a research report on Friday, August 11th. Finally, Robert W. Baird reaffirmed a “hold” rating and set a $20.00 price target 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 issued a buy rating to the company’s stock. Martin Midstream Partners L.P. has a consensus rating of “Hold” and a consensus target price of $19.60.
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About Martin Midstream Partners L.P.
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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