Martin Midstream Partners L.P. (MMLP) Just Recorded A Sigfniciant Increase

February 15, 2018 - By Dolores Ford

Investors sentiment decreased to 0.71 in Q3 2017. Its down 0.04, from 0.75 in 2017Q2. It dropped, 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.
Goldman Sachs Inc owns 272,919 shares or 0% of their US portfolio. Susquehanna Intll Gp Llp owns 0% invested in Martin Midstream Partners L.P. (NASDAQ:MMLP) for 109,775 shares. Winslow Evans & Crocker invested in 0.03% or 5,878 shares. Advisory owns 544,995 shares or 0.13% of their US portfolio. Bessemer Gru Incorporated holds 0% or 2,000 shares. Toronto Dominion Natl Bank has invested 0% in Martin Midstream Partners L.P. (NASDAQ:MMLP). Credit Suisse Ag holds 11,015 shares or 0% of its portfolio. Salient Cap Advsr Ltd Limited Liability Company reported 0.06% of its portfolio in Martin Midstream Partners L.P. (NASDAQ:MMLP). Commonwealth Equity reported 24,262 shares. Bnp Paribas Arbitrage invested 0% of its portfolio in Martin Midstream Partners L.P. (NASDAQ:MMLP). Huntington Savings Bank reported 18,128 shares. Harvest Fund Advisors accumulated 0% or 20,261 shares. Yorkville Cap Management Limited Liability, a New York-based fund reported 10,160 shares. Center Coast Capital Advsrs Ltd Partnership owns 1.96M shares or 0.76% of their US portfolio. Raymond James Advsr invested in 81,122 shares.

Since January 11, 2018, it had 2 insider buys, and 0 sales for $22,877 activity. Another trade for 1,090 shares valued at $16,362 was bought by MARTIN RUBEN S.

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 earnings per share, 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 earnings per share 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. On Thursday, August 10 the stock rating was maintained by Stifel Nicolaus with “Hold”. RBC Capital Markets maintained Martin Midstream Partners L.P. (NASDAQ:MMLP) rating on Friday, July 28. RBC Capital Markets has “Hold” rating and $2200 target. FBR Capital initiated Martin Midstream Partners L.P. (NASDAQ:MMLP) on Monday, December 18 with “Buy” rating. B. Riley & Co maintained the stock with “Buy” rating in Tuesday, December 19 report. The rating was maintained by Stifel Nicolaus with “Hold” on Thursday, September 14. Stifel Nicolaus maintained it with “Hold” rating and $17.0 target in Thursday, October 26 report. Stifel Nicolaus upgraded Martin Midstream Partners L.P. (NASDAQ:MMLP) on Tuesday, December 6 to “Buy” rating. The company was maintained on Thursday, October 26 by Robert W. Baird. As per Tuesday, October 27, the company rating was maintained by FBR Capital. FBR Capital initiated Martin Midstream Partners L.P. (NASDAQ:MMLP) on Friday, September 9 with “Outperform” rating.

More notable recent Martin Midstream Partners L.P. (NASDAQ:MMLP) news were published by: Seekingalpha.com which released: “Martin Midstream Partners Should Cut The Distribution” on December 19, 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: “Martin Midstream: Delivering As Advertised” on August 27, 2017. More interesting news about Martin Midstream Partners L.P. (NASDAQ:MMLP) were released by: Seekingalpha.com and their article: “An MLP To Avoid In 2018” published on December 21, 2017 as well as Seekingalpha.com‘s news article titled: “Martin Midstream Partners’ (MMLP) CEO Ruben Martin on Q3 2017 Results …” with publication date: October 26, 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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