Media stories about Martin Midstream Partners L.P. (NASDAQ:MMLP) have trended somewhat positive recently, Accern reports. The research firm ranks the sentiment of news coverage by reviewing more than twenty million blog and news sources. 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 L.P. earned a daily sentiment score of 0.11 on Accern’s scale. Accern also gave media coverage about the pipeline company an impact score of 47.5345705536719 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the next few days.
These are some of the headlines that may have effected Accern Sentiment’s scoring:
- Martin Midstream Partners L.P.’s (MMLP) “Hold” Rating Reaffirmed at Stifel Nicolaus (americanbankingnews.com)
- Martin Midstream Partners L.P. (NASDAQ:MMLP) Receives Consensus Recommendation of “Hold” from Analysts (americanbankingnews.com)
- Martin Midstream Partners LP breached its 50 day moving average in a Bearish Manner : MMLP-US : August 7, 2017 (finance.yahoo.com)
- Martin Midstream Partners LP (NASDAQ:MMLP) Sees Unusual Trading Volume in Its Shares – Modern Readers (modernreaders.com)
Several analysts recently issued reports on MMLP shares. FBR & Co restated a “buy” rating and set a $24.00 target price on shares of Martin Midstream Partners L.P. in a research report on Monday, May 1st. Zacks Investment Research upgraded shares of Martin Midstream Partners L.P. from a “hold” rating to a “buy” rating and set a $20.00 target price for the company in a research report on Tuesday, May 30th. Stifel Nicolaus lowered shares of Martin Midstream Partners L.P. from a “buy” rating to a “hold” rating and set a $20.00 target price for the company. in a research report on Friday, April 28th. They noted that the move was a valuation call. Royal Bank Of Canada restated a “hold” rating and set a $22.00 target price on shares of Martin Midstream Partners L.P. in a research report on Tuesday, May 23rd. Finally, BidaskClub lowered shares of Martin Midstream Partners L.P. from a “hold” rating to a “sell” rating in a research report on Wednesday, July 12th. Two investment analysts have rated the stock with a sell rating, three have assigned a hold rating and one has assigned a buy rating to the company. Martin Midstream Partners L.P. presently has a consensus rating of “Hold” and an average price target of $21.60.
Martin Midstream Partners L.P. (NASDAQ:MMLP) traded up 0.55% during trading on Friday, hitting $18.15. 69,629 shares of the company’s stock were exchanged. The company’s 50-day moving average price is $18.46 and its 200 day moving average price is $18.84. Martin Midstream Partners L.P. has a 12-month low of $15.58 and a 12-month high of $22.88.
Martin Midstream Partners L.P. (NASDAQ:MMLP) last announced its earnings results on Wednesday, July 26th. The pipeline company reported $0.03 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.04) by $0.07. Martin Midstream Partners L.P. had a net margin of 3.67% and a return on equity of 9.62%. The company had revenue of $193.90 million for the quarter, compared to analysts’ expectations of $201.17 million. During the same quarter in the previous year, the company posted ($0.14) EPS. The firm’s quarterly revenue was up 1.9% on a year-over-year basis. On average, equities research analysts forecast that Martin Midstream Partners L.P. will post $0.66 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Monday, August 14th. Shareholders of record on Monday, August 7th will be paid a dividend of $0.50 per share. The ex-dividend date is Thursday, August 3rd. This represents a $2.00 annualized dividend and a yield of 11.02%. Martin Midstream Partners L.P.’s dividend payout ratio (DPR) is presently 235.29%.
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About Martin Midstream Partners L.P.
Martin Midstream Partners L.P. is a limited partnership with a set of operations focused in the United States Gulf Coast region. The Company’s four business lines include terminalling and storage services for petroleum products and by-products, including the refining of naphthenic crude oil and the blending and packaging of finished lubricants; natural gas services, including liquids transportation and distribution services, and natural gas storage; sulfur and sulfur-based products processing, manufacturing, marketing and distribution, and marine transportation services for petroleum products and by-products.
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