Martin Midstream Partners (NASDAQ:MMLP) Downgraded by ValuEngine
A number of other equities research analysts have also issued reports on MMLP. Stifel Nicolaus reduced their price target on Martin Midstream Partners from $4.00 to $2.00 and set a “hold” rating on the stock in a research report on Friday, April 24th. Zacks Investment Research raised shares of Martin Midstream Partners from a “hold” rating to a “buy” rating and set a $1.50 target price on the stock in a report on Wednesday, April 22nd. Two analysts have rated the stock with a sell rating, two have issued a hold rating and one has given a buy rating to the company’s stock. Martin Midstream Partners currently has a consensus rating of “Hold” and an average price target of $2.50.
Martin Midstream Partners stock traded down $0.30 during mid-day trading on Monday, reaching $1.34. 814,105 shares of the company’s stock were exchanged, compared to its average volume of 334,154. Martin Midstream Partners has a twelve month low of $0.91 and a twelve month high of $7.26. The company has a market cap of $54.55 million, a P/E ratio of -0.33 and a beta of 3.22. The company has a fifty day moving average of $2.47 and a 200-day moving average of $2.64.
A number of hedge funds and other institutional investors have recently made changes to their positions in the business. GSA Capital Partners LLP acquired a new position in shares of Martin Midstream Partners during the 1st quarter worth about $210,000. Morgan Stanley lifted its stake in Martin Midstream Partners by 136.7% during the first quarter. Morgan Stanley now owns 279,997 shares of the pipeline company’s stock worth $308,000 after purchasing an additional 161,683 shares during the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS acquired a new position in Martin Midstream Partners in the first quarter valued at approximately $75,000. CNH Partners LLC increased its stake in Martin Midstream Partners by 160.0% in the first quarter. CNH Partners LLC now owns 106,076 shares of the pipeline company’s stock valued at $117,000 after purchasing an additional 65,282 shares during the last quarter. Finally, California Public Employees Retirement System raised its holdings in Martin Midstream Partners by 35.1% during the fourth quarter. California Public Employees Retirement System now owns 50,826 shares of the pipeline company’s stock worth $205,000 after purchasing an additional 13,200 shares in the last quarter. 27.43% of the stock is owned by institutional investors.
Martin Midstream Partners Company Profile
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 19 marine shore-based terminal facilities and 14 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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