Martin Midstream Partners L.P. (MMLP) Announces Quarterly Results
Martin Midstream Partners L.P. (NASDAQ:MMLP) released its earnings data on Friday. The company reported $0.37 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.34 by $0.03, Analyst Ratings Network.com reports.
Shares of Martin Midstream Partners L.P. (NASDAQ:MMLP) opened at 39.24 on Friday. Martin Midstream Partners L.P. has a one year low of $38.77 and a one year high of $48.90. The stock’s 50-day moving average is $40.88 and its 200-day moving average is $41.88. The company’s market cap is $1.061 billion.
The company also recently declared a quarterly dividend, which is scheduled for Thursday, August 14th. Investors of record on Thursday, August 7th will be given a dividend of $0.7925 per share. This represents a $3.17 dividend on an annualized basis and a yield of 8.08%. The ex-dividend date of this dividend is Tuesday, August 5th. This is an increase from Martin Midstream Partners L.P.’s previous quarterly dividend of $0.79.
MMLP has been the subject of a number of recent research reports. Analysts at Robert W. Baird reiterated a “neutral” rating on shares of Martin Midstream Partners L.P. in a research note on Monday, May 19th. They now have a $43.00 price target on the stock, down previously from $45.00. Analysts at Wunderlich raised their price target on shares of Martin Midstream Partners L.P. from $76.00 to $85.00 in a research note on Wednesday, May 7th. They now have a “buy” rating on the stock. Four research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. The company presently has an average rating of “Buy” and an average price target of $52.20.
Martin Midstream Partners L.P. is a limited partnership with a diverse set of operations focused in the United States Gulf Coast region.
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