Martin Midstream Partners L.P. [MMLP] Stock Looks Poised to Climb Further

Martin Midstream Partners L.P. [MMLP] has traded in a range of $0.90 to $4.85 in the last 1 year. As of this writing, the stock is at $1.97, up 13.59%. To check whether the stock’s short-term amount has a thrust, its good to check stock’s recent movement. Over the last week, MMLP shares are -2.81% down with the monthly amount drift of 16.89% and seems well in a long time frame.

On 25, November 2020, Martin Midstream Partners L.P. to Participate in Investor Conferences. According to news published on Yahoo Finance, Martin Midstream Partners L.P. (NASDAQ: MMLP) (the “Partnership”) announced today that members of executive management will participate in the BofA Leveraged Finance Conference on Tuesday, December 1, 2020; and the Wells Fargo Midstream and Utility Symposium on Tuesday, December 8, 2020. A copy of the Partnership’s presentation will be available by visiting the Partnership’s website at www.MMLP.com.

Analyst Birdseye View:

The most recent analyst activity for Martin Midstream Partners L.P. [NASDAQ:MMLP] stock was on December 19, 2017, when it was Resumed with a Buy rating from B. Riley FBR Inc., which also raised its 12-month price target on the stock to $18. Before that, on January 07, 2020, Wells Fargo Recapitulated an Underweight rating and elevated its amount target to $4. On April 28, 2017, Stifel Downgrade a Hold rating and boosted its price target on this stock to $20. On March 28, 2017, Stifel Reiterated a Buy rating and decreased its price target from $21 to $20. On December 06, 2016, Stifel Upgrade a Buy rating and increased its price target to $19. On October 28, 2016, FBR & Co. Reiterated an Outperform rating and boosted its amount target on this stock to $24. On September 09, 2016, FBR Capital Initiated an Outperform rating and boosted its target amount on this stock to $27.

In the past 52 weeks of trading, this stock has oscillated between a low of $0.90 and a peak of $4.85. Right now, according to Wall Street analyst the average 12-month amount target is $2.17. At the most recent market close, shares of Martin Midstream Partners L.P. [NASDAQ:MMLP] were valued at $1.97. According to the average price forecast, investors can expect a potential return of -8.5%.

FUNDAMENTAL ANALYSIS

Martin Midstream Partners L.P. [NASDAQ:MMLP] most recently reported quarterly sales of 152.53 billion, which represented growth of -14.30%. This publicly-traded organization’s revenue is $655,664 per employee, while its income is $3,429 per employee. This company’s Gross Margin is currently 46.10%, its Operating Margin is 6.50%, its Pretax Margin is +0.76, and its Net Margin is +0.52. Continuing to look at profitability, this corporation’s Return on Assets, Equity, Whole Principal & invested Principal is sitting at 0.52, 4.03, 6.55 and 0.61 respectively.

If looking now at the Principal structure of this organization, it shows its whole liability to the whole Principal at 106.81 and the whole liability to whole assets at 90.18. It shows enduring liability to the whole principal at 104.24 and enduring liability to assets at 0.88 while looking for an extended time period.

Readers are usually of view to make a close observation to the indicators that support and make resistance before moving to any particular stock. As of now, the company’s stock is sitting at 1.6567 points at 1st support level, the second support level is making up to 1.5835. But as of 1st resistance point, this stock is sitting at 1.7766 and at 1.8233 for 2nd resistance point.

Martin Midstream Partners L.P. [MMLP] reported its earnings at -$0.27 per share in the fiscal quarter closing of 9/29/2020. The Analysts for Wall Street were expecting to report its earnings at -$0.24/share signifying the difference of -0.03 and -12.50% surprise value. Comparing the previous quarter ending of 6/29/2020, the stated earnings were -$0.06 calling estimates for -$0.06/share with the difference of 0 depicting the surprise of 0.00%.

Important Ratio’s To Watch

Meanwhile, turning our focus to liquidity, the Current Ratio for Martin Midstream Partners L.P. [NASDAQ:MMLP] is 1.60. Likewise, the Quick ratio is also the same, showing Cash ratio at 0.03. Now if looking for a valuation of this stock’s amount to sales ratio it’s 0.18 and showing 28.36 of P/E (TTM) ratio.

Insider Stories

The most recent insider trade was by BOOTH CHRIS H, VP/General Counsel/Secretary, and it was the purchase of 1.0 shares on Nov 18. TAUSCHER RANDALL, the Executive Vice President/COO, completed a purchase of 44.0 shares on Nov 18. On Nov 18, Shoup Scot A, Senior VP Operations, completed a purchase of 40.0 shares.