Could Martin Midstream Partners L.P. (MMLP) Lose Strenght? The Stock Increases A Lot Today

February 15, 2018 - By Clifton Ray

Investors sentiment decreased to 0.71 in 2017 Q3. Its down 0.04, from 0.75 in 2017Q2. It is negative, 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.
Albert D Mason Inc invested in 0.19% or 15,223 shares. The New Jersey-based Advsr Capital Mgmt Limited Liability has invested 0.23% in Martin Midstream Partners L.P. (NASDAQ:MMLP). Arrow Investment Limited Liability Com has invested 0.19% of its portfolio in Martin Midstream Partners L.P. (NASDAQ:MMLP). 2,334 were accumulated by Glob X Com Limited Liability Company. Wells Fargo And Mn reported 33,815 shares. Morgan Stanley accumulated 0% or 114,274 shares. 100 are held by Tower Rech Cap Lc (Trc). Peak6 Limited Partnership invested in 0% or 3,650 shares. Envestnet Asset Incorporated invested in 0% or 41 shares. 294,961 are held by Adams Asset Advsr Limited Com. Rafferty Asset Mgmt Ltd Liability Com accumulated 143,528 shares. Atlantic Grp Incorporated Limited Liability Company stated it has 0.02% in Martin Midstream Partners L.P. (NASDAQ:MMLP). The Florida-based Raymond James Fincl Svcs Advsrs has invested 0.01% in Martin Midstream Partners L.P. (NASDAQ:MMLP). 56,100 were reported by Bollard Ltd Company. Winslow Evans Crocker Incorporated stated it has 0.03% in Martin Midstream Partners L.P. (NASDAQ:MMLP).

Since January 11, 2018, it had 2 insider purchases, and 0 sales for $22,877 activity. MARTIN RUBEN S had bought 1,090 shares worth $16,362 on Thursday, January 11.

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. The stock of Martin Midstream Partners L.P. (NASDAQ:MMLP) has “Buy” rating given on Monday, December 18 by FBR Capital. The stock of Martin Midstream Partners L.P. (NASDAQ:MMLP) earned “Hold” rating by Stifel Nicolaus on Thursday, July 6. Janney Capital initiated Martin Midstream Partners L.P. (NASDAQ:MMLP) on Friday, September 16 with “Neutral” rating. On Thursday, August 10 the stock rating was maintained by Stifel Nicolaus with “Hold”. The firm earned “Buy” rating on Tuesday, December 19 by B. Riley & Co. Stifel Nicolaus maintained Martin Midstream Partners L.P. (NASDAQ:MMLP) rating on Thursday, October 26. Stifel Nicolaus has “Hold” rating and $17.0 target. RBC Capital Markets maintained the shares of MMLP in report on Friday, October 27 with “Hold” rating. 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. The firm earned “Buy” rating on Tuesday, December 6 by Stifel Nicolaus. Robert W. Baird maintained it with “Hold” rating and $19.0 target in Thursday, October 26 report.

More notable recent Martin Midstream Partners L.P. (NASDAQ:MMLP) news were published by: Globenewswire.com which released: “Martin Midstream Partners LP Announces Analyst & Investor Day Thursday, March …” on February 23, 2017, also Seekingalpha.com with their article: “Martin Midstream Partners’ (MMLP) CEO Ruben Martin on Q3 2017 Results …” published on October 26, 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: “Martin Midstream Partners LP: Harvey Scores A Bullseye” published on October 30, 2017 as well as Globenewswire.com‘s news article titled: “Martin Midstream Partners LP Announces 2016 K-1 Tax Packages Now Available” with publication date: February 27, 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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