Martin Midstream Partners L.P. (MMLP) Receiving Somewhat Positive News Coverage, Analysis Finds

News coverage about Martin Midstream Partners L.P. (NASDAQ:MMLP) has trended somewhat positive this week, according to Accern. Accern scores the sentiment of media coverage by monitoring more than 20 million blog and news sources in real-time. Accern ranks coverage of companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Martin Midstream Partners L.P. earned a coverage optimism score of 0.01 on Accern’s scale. Accern also gave headlines about the pipeline company an impact score of 46.4507265846268 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the stock’s share price in the near future.

These are some of the headlines that may have effected Accern Sentiment’s analysis:

A number of analysts recently commented on MMLP shares. Zacks Investment Research upgraded shares of Martin Midstream Partners L.P. from a “hold” rating to a “buy” rating and set a $19.00 price target on the stock in a research note on Wednesday, September 27th. Robert W. Baird restated a “hold” rating and set a $20.00 price target on shares of Martin Midstream Partners L.P. in a research note on Thursday, August 24th. Stifel Nicolaus decreased their target price on shares of Martin Midstream Partners L.P. from $19.00 to $17.00 and set a “hold” rating on the stock in a report on Thursday, October 26th. Royal Bank Of Canada reaffirmed a “hold” rating and set a $18.00 target price on shares of Martin Midstream Partners L.P. in a report on Friday, October 27th. Finally, BidaskClub raised shares of Martin Midstream Partners L.P. from a “sell” rating to a “hold” rating in a report on Thursday, August 17th. Five analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. Martin Midstream Partners L.P. has a consensus rating of “Hold” and a consensus price target of $19.60.

Shares of Martin Midstream Partners L.P. (NASDAQ:MMLP) traded up $0.33 during trading hours on Friday, hitting $13.73. 143,035 shares of the stock were exchanged, compared to its average volume of 156,568. The company has a market cap of $515.18, a price-to-earnings ratio of 19.29 and a beta of 1.57. Martin Midstream Partners L.P. has a 1 year low of $13.20 and a 1 year high of $20.90. The company has a quick ratio of 0.86, a current ratio of 2.04 and a debt-to-equity ratio of 2.78.

The business also recently declared a quarterly dividend, which was paid on Tuesday, November 14th. Stockholders of record on Tuesday, November 7th were issued a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a dividend yield of 14.57%. The ex-dividend date of this dividend was Monday, November 6th. Martin Midstream Partners L.P.’s payout ratio is 434.78%.

In other Martin Midstream Partners L.P. news, insider Ruben S. Martin bought 5,000 shares of Martin Midstream Partners L.P. stock in a transaction that occurred on Tuesday, November 14th. The shares were bought at an average price of $13.61 per share, with a total value of $68,050.00. Following the acquisition, the insider now owns 140,598 shares in the company, valued at $1,913,538.78. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Robert D. Bondurant bought 2,000 shares of Martin Midstream Partners L.P. stock in a transaction that occurred on Tuesday, November 14th. The shares were acquired at an average cost of $13.58 per share, for a total transaction of $27,160.00. Following the acquisition, the chief financial officer now owns 39,314 shares in the company, valued at approximately $533,884.12. The disclosure for this purchase can be found here. Insiders bought a total of 9,268 shares of company stock worth $129,797 in the last three months. Insiders own 17.00% of the company’s stock.

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Martin Midstream Partners L.P. Company Profile

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.

Insider Buying and Selling by Quarter for Martin Midstream Partners L.P. (NASDAQ:MMLP)

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