Martin Midstream (MMLP) has been initiated today with coverage from the research analysts at Robert W. Baird. Baird begins this new coverage of MMLP with an initial price target set at $39 and provided a “neutral” rating for MMLP.
Martin Midstream is slated to release their next earnings report on August 4th, 2011 and is estimated to post EPS of 33 cents. Their last earnings report was released on May 4th, 2011 and announced EPS of 32 cents with revenue totaling 283 million dollars which was up 16.6 % year to year. MMLP is currently trading between its 50 & 200-day moving averages and 2011 is currently a down year for the company.
Martin Midstream is a limited partnership with a diverse set of operations focused primarily in the United States Gulf Coast region. The company has market capitalization of $7,024,000,000 and 82,890,000 shares outstanding. MMLP has a 52-week high of $42.63 with the low being $27.56.