Martin Midstream Partners LP (NASDAQ: MMLP)’s stock price has decreased by 0.00 compared to its previous closing price of 4.01. However, the company has seen a 0.25% increase in its stock price over the last five trading sessions. businesswire.com reported 2024-12-26 that KILGORE, Texas–(BUSINESS WIRE)–Martin Midstream Partners L.P. (“MMLP”) (Nasdaq: MMLP) today announced the termination of the previously announced Agreement and Plan of Merger (the “Merger Agreement”), dated October 3, 2024, with Martin Resource Management Corporation (“MRMC”), pursuant to which MRMC would have acquired all of the outstanding common units of MMLP not already owned by MRMC and its subsidiaries (the “Merger”). The Merger Agreement was terminated by the mutual written consent of.
Is It Worth Investing in Martin Midstream Partners LP (NASDAQ: MMLP) Right Now?
The price-to-earnings ratio for Martin Midstream Partners LP (NASDAQ: MMLP) is 37.58x, which is above its average ratio. Moreover, the 36-month beta value for MMLP is 2.12. Analysts have varying opinions on the stock, with 0 analysts rating it as a “buy,” 0 as “overweight,” 1 as “hold,” and 0 as “sell.”
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The public float for MMLP is 27.30M and currently, short sellers hold a 0.18% of that float. On December 27, 2024, MMLP’s average trading volume was 102.32K shares.
MMLP’s Market Performance
MMLP’s stock has seen a 0.25% increase for the week, with a 0.25% rise in the past month and a 11.70% gain in the past quarter. The volatility ratio for the week is 0.45%, and the volatility levels for the past 30 days are at 0.49% for Martin Midstream Partners LP The simple moving average for the past 20 days is 0.28% for MMLP’s stock, with a 16.31% simple moving average for the past 200 days.
Analysts’ Opinion of MMLP
Many brokerage firms have already submitted their reports for MMLP stocks, with Wells Fargo repeating the rating for MMLP by listing it as a “Underweight.” The predicted price for MMLP in the upcoming period, according to Wells Fargo is $4 based on the research report published on January 07, 2020 of the previous year 2020.
B. Riley FBR Inc., on the other hand, stated in their research note that they expect to see MMLP reach a price target of $18. The rating they have provided for MMLP stocks is “Buy” according to the report published on December 19th, 2017.
Stifel gave a rating of “Hold” to MMLP, setting the target price at $20 in the report published on April 28th of the previous year.
MMLP Trading at 0.53% from the 50-Day Moving Average
After a stumble in the market that brought MMLP to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -2.92% of loss for the given period.
Volatility was left at 0.49%, however, over the last 30 days, the volatility rate increased by 0.45%, as shares surge +0.50% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +0.75% upper at present.
During the last 5 trading sessions, MMLP rose by +0.25%, which changed the moving average for the period of 200-days by +55.43% in comparison to the 20-day moving average, which settled at $4.00. In addition, Martin Midstream Partners LP saw 67.08% in overturn over a single year, with a tendency to cut further gains.
Insider Trading
Reports are indicating that there were more than several insider trading activities at MMLP starting from BOOTH CHRIS H, who purchase 0 shares at the price of $3.99 back on Nov 18 ’24. After this action, BOOTH CHRIS H now owns 25,850 shares of Martin Midstream Partners LP, valued at $1 using the latest closing price.
TAUSCHER RANDALL, the Executive Vice President/COO of Martin Midstream Partners LP, purchase 17 shares at $3.99 during a trade that took place back on Nov 18 ’24, which means that TAUSCHER RANDALL is holding 118,216 shares at $68 based on the most recent closing price.
Stock Fundamentals for MMLP
Current profitability levels for the company are sitting at:
- 0.09 for the present operating margin
- 0.24 for the gross margin
The net margin for Martin Midstream Partners LP stands at 0.01. The total capital return value is set at 0.14.
Based on Martin Midstream Partners LP (MMLP), the company’s capital structure generated 1.15 points at debt to capital in total, while cash flow to debt ratio is standing at 0.08. The debt to equity ratio resting at -7.65. The interest coverage ratio of the stock is 1.19.
Currently, EBITDA for the company is 111.55 million with net debt to EBITDA at 2.81. When we switch over and look at the enterprise to sales, we see a ratio of 0.96. The receivables turnover for the company is 7.67for trailing twelve months and the total asset turnover is 1.29. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.57.
Conclusion
To wrap up, the performance of Martin Midstream Partners LP (MMLP) has been better in recent times. The stock has received a mixed of “buy” and “hold” ratings from analysts. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.
