Janney Capital Initiates Coverage on Martin Midstream Partners L.P. to Neutral

Janney Capital Initiates Coverage on Martin Midstream Partners L.P.(NASDAQ:MMLP). The shares have been rated Neutral. The rating by Janney Capital was issued on Sep 16, 2016.

In a different note, FBR Capital said it Initiates Coverage on Martin Midstream Partners L.P., according to a research note issued on Sep 9, 2016. The shares have been rated ‘Outperform’ by the firm. On Jul 29, 2016, UBS said it Maintains its rating on Martin Midstream Partners L.P.. In the research note, the firm Lowers the price-target to $26.00 per share. The shares have been rated ‘Buy’ by the firm.

Martin Midstream Partners L.P. (MMLP) made into the market gainers list on Thursdays trading session with the shares advancing 0.29% or 0.06 points. Due to strong positive momentum, the stock ended at $21.05, which is also near the day’s high of $21.2. The stock began the session at $21.2 and the volume stood at 1,02,171 shares. The 52-week high of the shares is $29.9 and the 52 week low is $13.2701. The company has a current market capitalization of $746 M and it has 3,54,54,712 shares in outstanding.

Martin Midstream Partners L.P.(MMLP) last announced its earnings results on Jul 27, 2016 for Fiscal Year 2016 and Q2.Company reported revenue of $190.35M. Analysts had an estimated revenue of $225.13M. Earnings per share were $-0.03. Analysts had estimated an EPS of $0.24.

Several Insider Transactions has been reported to the SEC. On Aug 18, 2016, Randall Tauscher (COO) purchased 277 shares at $21.24 per share price.Also, On Aug 18, 2016, Ruben S Martin (CEO) purchased 925 shares at $21.24 per share price.On Aug 18, 2016, Chris H Booth (VP/General Counsel/Secretary) purchased 6 shares at $21.24 per share price, according to the Form-4 filing with the securities and exchange commission.

Martin Midstream Partners L.P. is a limited partnership company with a set of operations focused primarily in the United States Gulf Coast region. The Company operates through four business segments: Terminalling and Storage Natural Gas Services Sulfur Services and Marine Transportation. The Terminalling and Storage segment offers services for petroleum products and by-products including the refining of naphthenic crude oil blending and packaging of finished lubricants. The Natural Gas Services segment offers natural gas liquids transportation and distribution services and natural gas storage services. The Sulfur Services segment offers Sulfur and sulfur-based products gathering processing marketing manufacturing and distribution services. Marine Transportation segment services for petroleum products and by-products.

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