Martin Midstream Partners L.P. (MMLP) was Initiated by FBR Capital to “Outperform” and the brokerage firm has set the Price Target at $27. FBR Capital advised their investors in a research report released on Sep 9, 2016.
On the company’s financial health, Martin Midstream Partners L.P. reported $-0.14 EPS for the quarter, missing the analyst consensus estimate by $ -0.38 based on the information available during the earnings call on Jul 27, 2016. Analyst had a consensus of $0.24. The company had revenue of $190.35 million for the quarter, compared to analysts expectations of $243.65 million. The company’s revenue was down -24.2 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.19 EPS.
Martin Midstream Partners L.P. opened for trading at $19.98 and hit $20.12 on the upside on Wednesday, eventually ending the session at $19.87, with a gain of 0.15% or 0.03 points. The heightened volatility saw the trading volume jump to 160,395 shares. Company has a market cap of $704 M.
In a different news, on Aug 18, 2016, Randall Tauscher (COO) purchased 277 shares at $21.24 per share price. According to the SEC, on Aug 18, 2016, Ruben S Martin (CEO) purchased 925 shares at $21.24 per share price. On Aug 18, 2016, Chris H Booth (VP/General Counsel/Secretary) purchased 6 shares at $21.24 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.