Martin Midstream Partners L.P. CEO Ruben S. Martin Buys 2,000 Shares (MMLP)
Martin Midstream Partners L.P. (NASDAQ:MMLP) CEO Ruben S. Martin bought 2,000 shares of the company’s stock in a transaction that occurred on Friday, August 22nd. The stock was purchased at an average price of $39.00 per share, with a total value of $78,000.00. Following the completion of the acquisition, the chief executive officer now directly owns 71,484 shares of the company’s stock, valued at approximately $2,787,876. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.
A number of analysts have recently weighed in on MMLP shares. Analysts at Raymond James cut their price target on shares of Martin Midstream Partners L.P. from $45.00 to $43.00 in a research note on Friday, August 1st. They now have an “outperform” rating on the stock. Separately, 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, August 1st. Finally, 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, August 1st. They now have a $45.20 price target on the stock. Two equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. Martin Midstream Partners L.P. currently has a consensus rating of “Buy” and an average price target of $50.70.
Shares of Martin Midstream Partners L.P. (NASDAQ:MMLP) traded down 0.83% during mid-day trading on Friday, hitting $39.23. 112,384 shares of the company’s stock traded hands. Martin Midstream Partners L.P. has a 52-week low of $35.75 and a 52-week high of $48.90. The stock has a 50-day moving average of $40.02 and a 200-day moving average of $41.42. The company’s market cap is $1.202 billion.
Martin Midstream Partners L.P. (NASDAQ:MMLP) last released its earnings data on Friday, August 1st. The company reported $0.37 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.34 by $0.03. Analysts expect that Martin Midstream Partners L.P. will post $1.52 EPS for the current fiscal year.
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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