Robert W. Baird reissued their hold rating on shares of Martin Midstream Partners (NASDAQ:MMLP) in a report published on Thursday morning, MarketBeat.com reports. The firm currently has a $15.00 price objective on the pipeline company’s stock, down from their prior price objective of $19.00.

Other equities research analysts have also issued reports about the company. B. Riley set a $18.00 price target on Martin Midstream Partners and gave the company a buy rating in a research report on Thursday, February 22nd. BidaskClub upgraded Martin Midstream Partners from a hold rating to a buy rating in a research report on Friday, January 26th. Zacks Investment Research upgraded Martin Midstream Partners from a sell rating to a hold rating in a research report on Wednesday, January 3rd. Finally, Stifel Nicolaus set a $15.00 price objective on Martin Midstream Partners and gave the stock a hold rating in a research report on Tuesday, February 27th. One research analyst has rated the stock with a sell rating, five have issued a hold rating and two have issued a buy rating to the company. Martin Midstream Partners currently has an average rating of Hold and a consensus target price of $18.17.

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Shares of Martin Midstream Partners (NASDAQ:MMLP) opened at $13.50 on Thursday. The company has a debt-to-equity ratio of 2.72, a current ratio of 1.81 and a quick ratio of 1.08. The stock has a market capitalization of $518.75, a P/E ratio of 30.68, a PEG ratio of 6.57 and a beta of 1.57. Martin Midstream Partners has a 52-week low of $12.70 and a 52-week high of $20.55.

Martin Midstream Partners (NASDAQ:MMLP) last posted its quarterly earnings results on Wednesday, February 14th. The pipeline company reported $0.48 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.34 by $0.14. The business had revenue of $305.74 million during the quarter, compared to analyst estimates of $237.22 million. Martin Midstream Partners had a return on equity of 8.09% and a net margin of 1.77%. sell-side analysts predict that Martin Midstream Partners will post 0.69 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, February 14th. Investors of record on Wednesday, February 7th were given a $0.50 dividend. The ex-dividend date was Tuesday, February 6th. This represents a $2.00 annualized dividend and a yield of 14.81%. Martin Midstream Partners’s payout ratio is 454.55%.

A number of institutional investors have recently modified their holdings of the stock. Brookfield Asset Management Inc. purchased a new position in Martin Midstream Partners in the fourth quarter worth approximately $27,550,000. Two Sigma Securities LLC purchased a new position in Martin Midstream Partners in the fourth quarter worth approximately $167,000. Goldman Sachs Group Inc. grew its position in Martin Midstream Partners by 107.5% in the fourth quarter. Goldman Sachs Group Inc. now owns 566,172 shares of the pipeline company’s stock worth $7,926,000 after acquiring an additional 293,253 shares during the period. Deutsche Bank AG grew its position in Martin Midstream Partners by 519.6% in the fourth quarter. Deutsche Bank AG now owns 76,010 shares of the pipeline company’s stock worth $1,064,000 after acquiring an additional 63,742 shares during the period. Finally, Geode Capital Management LLC grew its position in Martin Midstream Partners by 28.1% in the fourth 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 during the period. Institutional investors own 36.62% of the company’s stock.

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About Martin Midstream Partners

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.

Analyst Recommendations for Martin Midstream Partners (NASDAQ:MMLP)

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