Martin Midstream Partners L.P. (NASDAQ:MMLP) stock price target bumped up to $23.00, released a ratings update earlier today by Zacks Investment Research
- Updated: October 8, 2016
Martin Midstream Partners L.P. (NASDAQ:MMLP) had its price target upped to $23.00 by Zacks Investment Research in a report released 10/06/2016. The new target suggests a potential upside of 0.14% from the company's previous stock price.
Previously on 9/16/2016, Janney Capital reported about Martin Midstream Partners L.P. (NASDAQ:MMLP) raised the target price from $0.00 to $22.00. At the time, this indicated a possible upside of 0.10%.
Having a price of $20.11, Martin Midstream Partners L.P. (NASDAQ:MMLP) traded -0.79% lower on the day. With the last close down -6.65% from the two hundred day average, compared with the Standard & Poor's 500 Index which has decreased -0.01% over the same time period. The company has recorded a 50-day moving average of $20.19 and a 200-day moving average of $21.59. 41,262 shares of MMLP were exchanged, down from an average trading volume of 168,923
With a total market value of $0, Martin Midstream Partners L.P. has price-earnings ratio of 81.58 with a one year low of $13.27 and a one year high of $29.90 .
A total of 7 equity analysts have released a ratings update on MMLP. 1 firm rating the company a strong buy, two brokerages rating the stock a buy, 5 brokerages rating the company a hold, one broker rating the stock a underperform, and finally zero equity analysts rating the stock a sell with a consensus target price of $21.86.
About Martin Midstream Partners L.P. (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, 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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