Martin Midstream Partners L.P. (NASDAQ:MMLP) – Equities researchers at Capital One Financial reduced their Q1 2018 earnings estimates for shares of Martin Midstream Partners in a research note issued on Thursday. Capital One Financial analyst K. May now expects that the pipeline company will post earnings of $0.40 per share for the quarter, down from their previous estimate of $0.63. Capital One Financial also issued estimates for Martin Midstream Partners’ Q2 2018 earnings at ($0.04) EPS, Q3 2018 earnings at ($0.10) EPS, Q4 2018 earnings at $0.33 EPS, FY2018 earnings at $0.59 EPS, Q1 2019 earnings at $0.44 EPS, Q4 2019 earnings at $0.41 EPS and FY2019 earnings at $0.93 EPS.
Other equities analysts have also recently issued reports about the stock. B. Riley reiterated a “buy” rating and issued a $18.00 target price on shares of Martin Midstream Partners in a research note on Monday, December 18th. BidaskClub upgraded shares of Martin Midstream Partners from a “hold” rating to a “buy” rating in a research note on Friday, January 26th. Zacks Investment Research upgraded shares of Martin Midstream Partners from a “sell” rating to a “hold” rating in a research note on Wednesday, January 3rd. Royal Bank of Canada reiterated a “hold” rating and issued a $18.00 target price on shares of Martin Midstream Partners in a research note on Friday, October 27th. Finally, Stifel Nicolaus decreased their target price on shares of Martin Midstream Partners from $19.00 to $17.00 and set a “hold” rating for the company in a research note on Thursday, October 26th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and three have assigned a buy rating to the company. The stock currently has an average rating of “Hold” and an average target price of $19.33.
The business also recently declared a quarterly dividend, which was paid on Wednesday, February 14th. Investors of record on Wednesday, February 7th were issued a $0.50 dividend. This represents a $2.00 annualized dividend and a yield of 12.31%. The ex-dividend date was Tuesday, February 6th. Martin Midstream Partners’s payout ratio is presently 444.44%.
Hedge funds and other institutional investors have recently modified their holdings of the stock. Two Sigma Securities LLC purchased a new stake in Martin Midstream Partners in the 4th quarter worth $167,000. The Manufacturers Life Insurance Company increased its holdings in Martin Midstream Partners by 192.5% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 9,543 shares of the pipeline company’s stock worth $167,000 after acquiring an additional 6,280 shares in the last quarter. Bell & Brown Wealth Advisors LLC purchased a new stake in Martin Midstream Partners in the 4th quarter worth $235,000. Geode Capital Management LLC increased its holdings in Martin Midstream Partners by 28.1% in the 4th quarter. Geode Capital Management LLC now owns 24,013 shares of the pipeline company’s stock worth $336,000 after acquiring an additional 5,267 shares in the last quarter. Finally, Albert D Mason Inc. grew its holdings in shares of Martin Midstream Partners by 93.8% during the fourth quarter. Albert D Mason Inc. now owns 29,501 shares of the pipeline company’s stock worth $413,000 after buying an additional 14,278 shares in the last quarter. 31.21% of the stock is owned by institutional investors.
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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.
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