Martin Midstream Partners (NASDAQ:MMLP) was upgraded by research analysts at BidaskClub from a “hold” rating to a “buy” rating in a report released on Friday.

Other equities analysts have also issued research reports about the stock. ValuEngine raised shares of Martin Midstream Partners from a “hold” rating to a “buy” rating in a research note on Friday, March 1st. Zacks Investment Research lowered shares of Martin Midstream Partners from a “hold” rating to a “sell” rating in a research note on Saturday, February 16th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and three have assigned a buy rating to the company’s stock. Martin Midstream Partners has a consensus rating of “Hold” and an average target price of $15.50.

Martin Midstream Partners stock opened at $12.68 on Friday. Martin Midstream Partners has a 52 week low of $9.13 and a 52 week high of $16.20. The company has a debt-to-equity ratio of 2.48, a current ratio of 1.91 and a quick ratio of 1.07. The company has a market capitalization of $495.15 million, a P/E ratio of -66.74 and a beta of 1.29.

Large investors have recently modified their holdings of the business. Gradient Investments LLC acquired a new stake in shares of Martin Midstream Partners during the 4th quarter valued at $51,000. Trust Asset Management LLC boosted its stake in shares of Martin Midstream Partners by 6.2% during the 3rd quarter. Trust Asset Management LLC now owns 64,590 shares of the pipeline company’s stock valued at $749,000 after buying an additional 3,799 shares during the period. Bell & Brown Wealth Advisors LLC boosted its stake in shares of Martin Midstream Partners by 111.3% during the 4th quarter. Bell & Brown Wealth Advisors LLC now owns 33,800 shares of the pipeline company’s stock valued at $347,000 after buying an additional 17,800 shares during the period. Bollard Group LLC boosted its stake in shares of Martin Midstream Partners by 5.0% during the 4th quarter. Bollard Group LLC now owns 44,000 shares of the pipeline company’s stock valued at $452,000 after buying an additional 2,100 shares during the period. Finally, Endurance Wealth Management Inc. boosted its stake in shares of Martin Midstream Partners by 19.6% during the 4th quarter. Endurance Wealth Management Inc. now owns 17,100 shares of the pipeline company’s stock valued at $175,000 after buying an additional 2,800 shares during the period. 25.74% of the stock is owned by institutional investors.

About Martin Midstream Partners

Martin Midstream Partners L.P. collects, transports, stores, and markets petroleum products and by-products in the United States Gulf Coast region. The company's Terminalling and Storage segment owns or operates 22 marine shore-based terminal facilities and 16 specialty terminal facilities that provide storage, refining, blending, packaging, and handling services for producers and suppliers of petroleum products and by-products.

Further Reading: What are gap-up stocks?

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.