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Equities research analysts at Raymond James cut their price target on shares of Martin Midstream Partners L.P. (NASDAQ:MMLP) from $45.00 to $43.00 in a research note issued to investors on Friday. The firm currently has an “outperform” rating on the stock. Raymond James’ target price indicates a potential upside of 9.30% from the stock’s previous close.

Several other analysts have also recently commented on the stock. Analysts at RBC Capital cut their price target on shares of Martin Midstream Partners L.P. from $48.00 to $44.00 in a research note on Friday. Separately, analysts at Zacks upgraded shares of Martin Midstream Partners L.P. from a “neutral” rating to an “outperform” rating in a research note on Friday. They now have a $45.20 price target on the stock. Finally, 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. Two analysts have rated the stock with a hold rating and five have issued a buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus price target of $50.70.

Martin Midstream Partners L.P. (NASDAQ:MMLP) traded up 0.25% on Friday, hitting $39.34. The stock had a trading volume of 128,859 shares. Martin Midstream Partners L.P. has a 52-week low of $38.77 and a 52-week high of $48.90. The stock’s 50-day moving average is $40.85 and its 200-day moving average is $41.85. The company’s market cap is $1.138 billion.

Martin Midstream Partners L.P. (NASDAQ:MMLP) last issued its quarterly earnings data on Friday, August 1st. The company reported $0.37 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.34 by $0.03. On average, analysts predict that Martin Midstream Partners L.P. will post $1.59 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which is scheduled for Thursday, August 14th. Investors of record on Thursday, August 7th will be paid a dividend of $0.7925 per share. This represents a $3.17 annualized dividend and a dividend yield of 8.06%. The ex-dividend date is Tuesday, August 5th. This is an increase from Martin Midstream Partners L.P.’s previous quarterly dividend of $0.79.

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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