Martin Midstream Partners (MMLP) Receiving Somewhat Positive News Coverage, Study Finds

Media stories about Martin Midstream Partners (NASDAQ:MMLP) have trended somewhat positive this week, according to Accern. The research firm ranks the sentiment of press coverage by analyzing more than 20 million blog and news sources in real time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Martin Midstream Partners earned a news sentiment score of 0.21 on Accern’s scale. Accern also gave press coverage about the pipeline company an impact score of 44.9121918927029 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the next few days.

These are some of the news stories that may have impacted Accern Sentiment’s analysis:

Several equities research analysts recently issued reports on the stock. BidaskClub lowered shares of Martin Midstream Partners from a “sell” rating to a “strong sell” rating in a report on Saturday, December 30th. B. Riley set a $18.00 price target on shares of Martin Midstream Partners and gave the company a “buy” rating in a report on Wednesday, January 3rd. Zacks Investment Research raised shares of Martin Midstream Partners from a “sell” rating to a “hold” rating in a report on Wednesday, January 3rd. Stifel Nicolaus reduced their target price on shares of Martin Midstream Partners from $19.00 to $17.00 and set a “hold” rating on the stock in a report on Thursday, October 26th. Finally, Royal Bank of Canada reissued a “hold” rating and set a $18.00 target price on shares of Martin Midstream Partners in a report on Friday, October 27th. One analyst has rated the stock with a sell rating, four have given a hold rating and two have given a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus price target of $19.33.

Martin Midstream Partners (NASDAQ:MMLP) traded up $0.60 on Friday, reaching $15.50. 213,000 shares of the company’s stock were exchanged, compared to its average volume of 141,875. Martin Midstream Partners has a 52-week low of $12.70 and a 52-week high of $20.90. The company has a quick ratio of 0.86, a current ratio of 2.04 and a debt-to-equity ratio of 2.78. The company has a market cap of $595.92, a price-to-earnings ratio of 33.70 and a beta of 1.49.

In other news, insider Ruben S. Martin acquired 5,000 shares of Martin Midstream Partners stock in a transaction dated Tuesday, November 14th. The shares were bought at an average cost of $13.61 per share, with a total value of $68,050.00. Following the purchase, the insider now owns 140,598 shares in the company, valued at approximately $1,913,538.78. The purchase was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CFO Robert D. Bondurant acquired 2,000 shares of Martin Midstream Partners stock in a transaction dated Tuesday, November 14th. The stock was purchased at an average cost of $13.58 per share, for a total transaction of $27,160.00. Following the completion of the purchase, the chief financial officer now owns 39,314 shares in the company, valued at approximately $533,884.12. The disclosure for this purchase can be found here. Insiders have acquired a total of 8,079 shares of company stock worth $110,178 over the last three months. Insiders own 17.00% of the company’s stock.

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Martin Midstream Partners Company Profile

Martin Midstream Partners L.P. is a limited partnership with a set of operations focused in the United States Gulf Coast region. The Company’s four business lines include terminalling and storage services for petroleum products and by-products, including the refining of naphthenic crude oil and the blending and packaging of finished lubricants; natural gas services, including liquids transportation and distribution services, and natural gas storage; sulfur and sulfur-based products processing, manufacturing, marketing and distribution, and marine transportation services for petroleum products and by-products.

Insider Buying and Selling by Quarter for Martin Midstream Partners (NASDAQ:MMLP)

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