Martin Midstream Partners L.P. (MMLP) reported quarterly earnings results on Wednesday, Apr-27-2016. The company said it had a profit of $0.33 Earnings per Share for the quarter. The results exceeded Wall Street expectations beating the analyst consensus estimate by $0.05. Analysts had a consensus of $0.28. The company posted revenue of $205.60 million in the period, compared to analysts expectations of $268.58 million. The company’s revenue was down -32.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.37 EPS.
Many Wall Street Analysts have commented on Martin Midstream Partners L.P.. Martin Midstream Partners L.P. was Downgraded by BofA/Merrill to ” Underperform” on Feb 17, 2016.
Martin Midstream Partners L.P. opened for trading at $22.15 and hit $23.5199 on the upside on Friday, eventually ending the session at $23.41, with a gain of 5.69% or 1.26 points. The heightened volatility saw the trading volume jump to 2,71,751 shares. Company has a market cap of $830 M.
In a different news, on Apr 7, 2016, Randall Tauscher (COO) purchased 110 shares at $20.24 per share price. According to the SEC, on Apr 7, 2016, Ruben S Martin (CEO) purchased 693 shares at $20.24 per share price. On Apr 7, 2016, Robert D Bondurant (CFO) purchased 276 shares at $20.24 per share price, according to the Form-4 filing with the securities and exchange commission.
Martin Midstream Partners L.P. is a limited partnership company with a set of operations focused primarily in the United States Gulf Coast region. The Company operates through four business segments: Terminalling and Storage Natural Gas Services Sulfur Services and Marine Transportation. The Terminalling and Storage segment offers services for petroleum products and by-products including the refining of naphthenic crude oil blending and packaging of finished lubricants. The Natural Gas Services segment offers natural gas liquids transportation and distribution services and natural gas storage services. The Sulfur Services segment offers Sulfur and sulfur-based products gathering processing marketing manufacturing and distribution services. Marine Transportation segment services for petroleum products and by-products.