BidaskClub lowered shares of Martin Midstream Partners (NASDAQ:MMLP) from a hold rating to a sell rating in a report released on Wednesday.

MMLP has been the topic of a number of other reports. B. Riley reissued a buy rating and set a $18.00 price objective on shares of Martin Midstream Partners in a report on Monday, December 18th. Zacks Investment Research raised Martin Midstream Partners from a sell rating to a hold rating in a report on Tuesday, February 27th. ValuEngine cut Martin Midstream Partners from a hold rating to a sell rating in a report on Thursday, March 1st. Stifel Nicolaus set a $15.00 price objective on Martin Midstream Partners and gave the company a hold rating in a report on Tuesday, February 27th. Finally, Robert W. Baird reissued a hold rating and set a $15.00 price objective (down from $19.00) on shares of Martin Midstream Partners in a report on Thursday, March 8th. Two investment analysts have rated the stock with a sell rating, four have given a hold rating and two have given a buy rating to the stock. The company currently has an average rating of Hold and a consensus price target of $18.17.

How to Become a New Pot Stock Millionaire

MMLP stock opened at $13.35 on Wednesday. The firm has a market capitalization of $499.54, a PE ratio of 18.84, a P/E/G ratio of 6.33 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 1-year low of $12.70 and a 1-year high of $20.55.

Martin Midstream Partners (NASDAQ:MMLP) last announced its quarterly earnings data on Wednesday, February 14th. The pipeline company reported $0.48 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.34 by $0.14. The company had revenue of $305.74 million for the quarter, compared to analysts’ expectations of $237.22 million. Martin Midstream Partners had a return on equity of 8.09% and a net margin of 1.77%. research analysts anticipate that Martin Midstream Partners will post 0.69 earnings per share for the current year.

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Brookfield Asset Management Inc. bought a new position in Martin Midstream Partners during the 4th quarter worth approximately $27,550,000. Two Sigma Securities LLC bought a new position in Martin Midstream Partners during the 4th quarter worth approximately $167,000. Goldman Sachs Group Inc. grew its position in 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 acquiring an additional 293,253 shares during the last quarter. Deutsche Bank AG grew its position in 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 acquiring an additional 63,742 shares during the last quarter. Finally, Geode Capital Management LLC grew its position in 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 acquiring an additional 5,267 shares during the last quarter. Institutional investors and hedge funds own 36.56% of the company’s stock.

ILLEGAL ACTIVITY NOTICE: This article was first published by Watch List News and is owned by of Watch List News. If you are reading this article on another domain, it was copied illegally and reposted in violation of United States and international copyright & trademark laws. The correct version of this article can be read at https://www.watchlistnews.com/martin-midstream-partners-mmlp-downgraded-to-sell-at-bidaskclub/1956134.html.

Martin Midstream Partners 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.

Analyst Recommendations for Martin Midstream Partners (NASDAQ:MMLP)

Receive News & Ratings for Martin Midstream Partners Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Martin Midstream Partners and related companies with MarketBeat.com's FREE daily email newsletter.