News headlines about Martin Midstream Partners (NASDAQ:MMLP) have been trending somewhat positive recently, according to Accern Sentiment. Accern identifies negative and positive press coverage by reviewing 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 one, with scores closest to one being the most favorable. Martin Midstream Partners earned a media sentiment score of 0.01 on Accern’s scale. Accern also gave media coverage about the pipeline company an impact score of 46.912649762702 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.

NASDAQ:MMLP traded down $0.05 on Tuesday, hitting $11.35. 148,546 shares of the company’s stock traded hands, compared to its average volume of 168,499. The company has a debt-to-equity ratio of 3.14, a current ratio of 1.88 and a quick ratio of 0.86. Martin Midstream Partners has a 1 year low of $10.99 and a 1 year high of $17.46. The stock has a market cap of $443.24 million, a PE ratio of 25.80, a price-to-earnings-growth ratio of 17.02 and a beta of 1.52.

Martin Midstream Partners (NASDAQ:MMLP) last released its earnings results on Wednesday, July 25th. The pipeline company reported ($0.08) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.04 by ($0.12). Martin Midstream Partners had a net margin of 0.77% and a return on equity of 5.89%. The business had revenue of $216.57 million for the quarter, compared to analysts’ expectations of $222.53 million. equities research analysts anticipate that Martin Midstream Partners will post 0.33 earnings per share for the current year.

The company also recently declared a quarterly dividend, which was paid on Tuesday, August 14th. Investors of record on Tuesday, August 7th were paid a $0.50 dividend. The ex-dividend date was Monday, August 6th. This represents a $2.00 annualized dividend and a dividend yield of 17.62%. Martin Midstream Partners’s payout ratio is 454.55%.

Several research firms have weighed in on MMLP. BidaskClub cut Martin Midstream Partners from a “buy” rating to a “hold” rating in a research note on Thursday, June 7th. Zacks Investment Research raised Martin Midstream Partners from a “hold” rating to a “buy” rating and set a $15.00 target price on the stock in a research note on Tuesday, July 3rd. Finally, Royal Bank of Canada reaffirmed a “hold” rating and set a $17.00 target price on shares of Martin Midstream Partners in a research note on Monday, July 16th. Two equities research analysts have rated the stock with a sell rating, four have given a hold rating and one has assigned a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average price target of $16.20.

In other news, insider Ruben S. Martin purchased 150,000 shares of the stock in a transaction that occurred on Thursday, June 7th. The stock was acquired at an average price of $14.90 per share, with a total value of $2,235,000.00. Following the purchase, the insider now owns 1,021,265 shares in the company, valued at approximately $15,216,848.50. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In the last three months, insiders purchased 152,888 shares of company stock valued at $2,272,794. 17.00% of the stock is currently owned by company insiders.

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.

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