Martin Midstream Partners L.P. (NASDAQ:MMLP) target price raised to $22.00, reported today by Janney Montgomery Scott
- Updated: September 16, 2016
Only yesterday Martin Midstream Partners L.P. (NASDAQ:MMLP) traded 0.15% higher at $20.19. The company’s 50-day average is $20.52 and its 200-day moving average is $21.31. The last stock price close is down 4.63% from the two hundred day average, compared with the S&P 500 which has decreased -0.01% over the same time period. Trading volume was was down over the average, with 12,429 shares of MMLP changing hands under the typical 187,308 shares..
Janney Montgomery Scott bumped the target stock price of Martin Midstream Partners L.P. (NASDAQ:MMLP) to $22, stating a possible upside of 0.09%,
On Friday September 9 2016, FBR & Co reported about Martin Midstream Partners L.P.(NASDAQ:MMLP) bumped the target price from $0.00 to $27.00. At the time, this indicated a possible upside of 0.36%.
Recent Performance Chart:
In addition to Janney Montgomery Scott reporting it’s stock price target, a total of 7 brokers have issued a report on MMLP. The average target stock price is $21.86 with one firm rating the company a strong buy, two firms rating the stock a buy, five analysts rating the stock a hold, one brokerage rating the company to underperform, and lastly 0 analysts rating the company as sell.
With a total market value of $0.0, Martin Midstream Partners L.P. has a one-year low of $13.27 and a one-year high of $29.90 with a PE ratio of 82.
Brief Synopsis On 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, 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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