$-0.08 EPS Expected for Martin Midstream Partners L.P. (MMLP)

October 9, 2017 - By Adrian Erickson


Investors sentiment decreased to 0.75 in 2017 Q2. Its down 0.48, from 1.23 in 2017Q1. It fall, as 13 investors sold Martin Midstream Partners L.P. shares while 19 reduced holdings. 7 funds opened positions while 17 raised stakes. 11.99 million shares or 2.95% less from 12.35 million shares in 2017Q1 were reported.
Manufacturers Life Insurance Co The has 0% invested in Martin Midstream Partners L.P. (NASDAQ:MMLP) for 9,543 shares. The Florida-based Raymond James Assoc has invested 0% in Martin Midstream Partners L.P. (NASDAQ:MMLP). Endurance Wealth Management, a Rhode Island-based fund reported 3,100 shares. Gsa Prtnrs Ltd Liability Partnership has invested 0.06% in Martin Midstream Partners L.P. (NASDAQ:MMLP). Trust Asset Ltd Liability Corporation has invested 0.39% in Martin Midstream Partners L.P. (NASDAQ:MMLP). Pnc Financial Inc holds 0% or 2,900 shares. 2,400 were accumulated by Us Financial Bank De. 30,571 were accumulated by Geode Capital Mngmt Ltd Liability Com. Morgan Stanley holds 0% or 106,075 shares. Jpmorgan Chase & reported 0% of its portfolio in Martin Midstream Partners L.P. (NASDAQ:MMLP). Wells Fargo Mn reported 32,065 shares. Rafferty Asset Mgmt Lc invested in 162,483 shares or 0.08% of the stock. Credit Suisse Ag accumulated 11,345 shares. Winslow Evans And Crocker reported 6,394 shares. Advisory Research owns 321,195 shares or 0.09% of their US portfolio.

Since April 7, 2017, it had 5 insider buys, and 0 sales for $12,058 activity. TAUSCHER RANDALL bought 93 shares worth $1,868. Another trade for 699 shares valued at $14,038 was bought by MARTIN RUBEN S. BONDURANT ROBERT D had bought 278 shares worth $5,583 on Friday, April 7. The insider BOOTH CHRIS H bought 4 shares worth $76. On Friday, May 19 Shoup Scot A bought $1,794 worth of Martin Midstream Partners L.P. (NASDAQ:MMLP) or 94 shares.

Wall Street await Martin Midstream Partners L.P. (NASDAQ:MMLP) to release earnings on October, 25. Analysts forecast earnings per share of $-0.08, down exactly $0.05 or 166.67 % from 2014’s $-0.03 EPS. After posting $0.03 EPS for the previous quarter, Martin Midstream Partners L.P.’s analysts now forecast -366.67 % negative EPS growth. About 67,629 shares traded. Martin Midstream Partners L.P. (NASDAQ:MMLP) has declined 14.95% since October 9, 2016 and is downtrending. It has underperformed by 31.65% the S&P500.

Martin Midstream Partners L.P. (NASDAQ:MMLP) Ratings Coverage

Among 5 analysts covering Martin Midstream Partners LP (NASDAQ:MMLP), 1 have Buy rating, 0 Sell and 4 Hold. Therefore 20% are positive. Martin Midstream Partners LP had 12 analyst reports since September 21, 2015 according to SRatingsIntel. Stifel Nicolaus maintained Martin Midstream Partners L.P. (NASDAQ:MMLP) rating on Thursday, July 6. Stifel Nicolaus has “Hold” rating and $2000 target. The stock of Martin Midstream Partners L.P. (NASDAQ:MMLP) earned “Hold” rating by Robert W. Baird on Tuesday, August 22. The rating was upgraded by Stifel Nicolaus to “Buy” on Tuesday, December 6. Janney Capital initiated it with “Neutral” rating and $22 target in Friday, September 16 report. Robert W. Baird maintained the shares of MMLP in report on Tuesday, September 26 with “Hold” rating. The rating was maintained by FBR Capital with “Outperform” on Tuesday, October 27. The firm has “Outperform” rating given on Friday, September 9 by FBR Capital. On Friday, July 28 the stock rating was maintained by RBC Capital Markets with “Hold”. FBR Capital maintained Martin Midstream Partners L.P. (NASDAQ:MMLP) rating on Friday, October 28. FBR Capital has “Outperform” rating and $24 target. The stock of Martin Midstream Partners L.P. (NASDAQ:MMLP) has “Hold” rating given on Thursday, August 10 by Stifel Nicolaus.

Martin Midstream Partners L.P. is a limited partnership with a set of activities focused in the United States Gulf Coast region. The company has market cap of $646.39 million. 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 products processing, manufacturing, marketing and distribution, and marine transportation services for petroleum products and by-products. It has a 19.8 P/E ratio. The petroleum products and by-products it collects, transports, stores and markets are produced by gas and oil companies.

More notable recent Martin Midstream Partners L.P. (NASDAQ:MMLP) news were published by: Seekingalpha.com which released: “Martin Midstream Partners’ (MMLP) CEO Ruben Martin on Q1 2017 Results …” on April 28, 2017, also Seekingalpha.com with their article: “Time To Buy Martin Midstream Partners” published on November 04, 2016, Fool.com published: “Final thing: Is Martin Midstream safe to buy?” on December 06, 2016. More interesting news about Martin Midstream Partners L.P. (NASDAQ:MMLP) were released by: Globenewswire.com and their article: “Martin Midstream Partners LP Announces Analyst & Investor Day Thursday, March …” published on February 23, 2017 as well as Seekingalpha.com‘s news article titled: “Martin Midstream Partners: Don’t Chase The 16% Yield” with publication date: September 30, 2016.

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