A statement released earlier today by Janney Capital about Martin Midstream Partners LP (NASDAQ:MMLP) bumps the target price to $22.00
- Updated: September 16, 2016
Showing a price of $20.01, Martin Midstream Partners LP (NASDAQ:MMLP) traded 0.15% higher on the day. The last stock price is down 4.63% from the two hundred day average, compared with the Standard & Poor’s 500 Index which has fallen -0.01% over the date range. The company has logged a 50-day moving average of $20.52 and 200-day average of $21.31. Trading volume was was down over the average, with 12,429 shares of MMLP changing hands under the typical 187,308 shares.
Reporting a possible upside of 0.10%, Janney Capital raised the target price of Martin Midstream Partners LP (NASDAQ:MMLP) to $22
On 9/09/2016, FBR & Co reported about Martin Midstream Partners LP(NASDAQ:MMLP) bumped the target price from $0.00 to $27.00 that indicated a possible upside of 0.36%.
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A total of 7 brokers have released a research note on the company. One analyst rate the stock a strong buy, two analysts rate the stock a buy, five firms rate the stock a hold, one firm rate the stock to underperform, and lastly 0 analystsrate the company as sell with a 12-month target of $21.86
Martin Midstream Partners LP has a P/E of 82 with a one-year low of $13.27 and a 52 week high of $29.90. MMLP’s total market value is presently $0.0.
Brief Synopsis On Martin Midstream Partners LP (NASDAQ:MMLP)
Martin Midstream Partners L.P. is a limited partnership company with operations focused in the United States Gulf Coast region. The Company’s segments include Terminalling and Storage, Natural Gas Services, Sulfur Services and Marine Transportation. The Company owns or operates approximately 30 marine shore-based terminal facilities and over 20 specialty terminal facilities located in the United States. It distributes natural gas liquids (NGLs), and purchases NGLs from refineries and natural gas processors. The Company stores and transports NGLs for wholesale deliveries to refineries, industrial NGL users and propane retailers. It has developed an integrated system of transportation assets and facilities relating to sulfur services. The Company operates a fleet of approximately 40 inland marine tank barges, and over 20 inland push boats and approximately three offshore tug and barge units that transport petroleum products and by-products in the United States Gulf Coast region.
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