Can Martin Midstream Partners L.P. (MMLP)’s Tomorrow Be Different? The Stock Increases Again

February 15, 2018 - By Dolores Ford

Investors sentiment decreased to 0.71 in 2017 Q3. Its down 0.04, from 0.75 in 2017Q2. It fall, as 7 investors sold Martin Midstream Partners L.P. shares while 24 reduced holdings. 8 funds opened positions while 14 raised stakes. 11.75 million shares or 1.97% less from 11.99 million shares in 2017Q2 were reported.
Us State Bank De has invested 0% of its portfolio in Martin Midstream Partners L.P. (NASDAQ:MMLP). Albert D Mason owns 15,223 shares or 0.19% of their US portfolio. Group One Trading Lp accumulated 0% or 2,941 shares. Envestnet Asset stated it has 0% of its portfolio in Martin Midstream Partners L.P. (NASDAQ:MMLP). Advisory Incorporated invested 0.13% in Martin Midstream Partners L.P. (NASDAQ:MMLP). Advisors Cap Mgmt Ltd Company holds 0.23% or 182,231 shares in its portfolio. Cwm Ltd Limited Liability Company holds 1,500 shares. Guggenheim Cap Limited Liability Co owns 47,383 shares or 0% of their US portfolio. Manufacturers Life Insurance Commerce The has 2,902 shares for 0% of their portfolio. Geode Cap Mgmt Ltd Liability Corp accumulated 18,746 shares or 0% of the stock. Raymond James Fincl Ser Advsrs invested 0.01% in Martin Midstream Partners L.P. (NASDAQ:MMLP). Bessemer Grp Inc holds 0% or 2,000 shares. Endurance Wealth Mngmt invested in 3,600 shares or 0.01% of the stock. Bancorporation Of America De stated it has 28,836 shares or 0% of all its holdings. Huntington Natl Bank holds 18,128 shares or 0% of its portfolio.

Since January 11, 2018, it had 2 insider buys, and 0 selling transactions for $22,877 activity. $6,515 worth of Martin Midstream Partners L.P. (NASDAQ:MMLP) was bought by BONDURANT ROBERT D.

The stock of Martin Midstream Partners L.P. (NASDAQ:MMLP) is a huge mover today! The stock increased 4.50% or $0.7 during the last trading session, reaching $16.25. About 232,454 shares traded or 22.97% up from the average. Martin Midstream Partners L.P. (NASDAQ:MMLP) has declined 14.95% since February 15, 2017 and is downtrending. It has underperformed by 31.65% the S&P500.
The move comes after 8 months positive chart setup for the $624.76M company. It was reported on Feb, 15 by Barchart.com. We have $17.23 PT which if reached, will make NASDAQ:MMLP worth $37.49 million more.

Analysts await Martin Midstream Partners L.P. (NASDAQ:MMLP) to report earnings on February, 21. They expect $0.36 EPS, down 26.53 % or $0.13 from last year’s $0.49 per share. MMLP’s profit will be $13.84M for 11.28 P/E if the $0.36 EPS becomes a reality. After $-0.18 actual EPS reported by Martin Midstream Partners L.P. for the previous quarter, Wall Street now forecasts -300.00 % EPS growth.

Martin Midstream Partners L.P. (NASDAQ:MMLP) Ratings Coverage

Among 6 analysts covering Martin Midstream Partners LP (NASDAQ:MMLP), 2 have Buy rating, 0 Sell and 4 Hold. Therefore 33% are positive. Martin Midstream Partners LP had 17 analyst reports since September 21, 2015 according to SRatingsIntel. The stock has “Hold” rating by RBC Capital Markets on Friday, July 28. The company was maintained on Tuesday, September 26 by Robert W. Baird. Robert W. Baird maintained Martin Midstream Partners L.P. (NASDAQ:MMLP) on Tuesday, August 22 with “Hold” rating. B. Riley & Co maintained the shares of MMLP in report on Tuesday, December 19 with “Buy” rating. FBR Capital initiated Martin Midstream Partners L.P. (NASDAQ:MMLP) on Friday, September 9 with “Outperform” rating. The stock has “Hold” rating by Robert W. Baird on Thursday, October 26. The company was initiated on Monday, December 18 by FBR Capital. Stifel Nicolaus maintained Martin Midstream Partners L.P. (NASDAQ:MMLP) rating on Thursday, September 14. Stifel Nicolaus has “Hold” rating and $20.0 target. Stifel Nicolaus maintained it with “Hold” rating and $17.0 target in Thursday, October 26 report. The rating was maintained by FBR Capital with “Outperform” on Friday, October 28.

More notable recent Martin Midstream Partners L.P. (NASDAQ:MMLP) news were published by: Seekingalpha.com which released: “Martin Midstream Partners LP: Harvey Scores A Bullseye” on October 30, 2017, also Globenewswire.com with their article: “Martin Midstream Partners LP Announces 2016 K-1 Tax Packages Now Available” published on February 27, 2017, Seekingalpha.com published: “An MLP To Avoid In 2018” on December 21, 2017. More interesting news about Martin Midstream Partners L.P. (NASDAQ:MMLP) were released by: Seekingalpha.com and their article: “Martin Midstream Beats Guidance And Yields 11%” published on June 10, 2017 as well as Globenewswire.com‘s news article titled: “Martin Midstream Partners LP Announces Analyst & Investor Day Thursday, March …” with publication date: February 23, 2017.

Martin Midstream Partners L.P. collects, transports, stores, and markets petroleum products and by-products in the United States Gulf Coast region. The company has market cap of $624.76 million. The company's Terminalling and Storage segment owns or operates 26 marine shore 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. It has a 38.42 P/E ratio. This segment also offers land rental services to gas and oil companies, as well as storage and handling services for lubricants and fuels.

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