Analyst Ratings for Martin Midstream Partners L.P. (MMLP)Updated: 2017-07-27
An average rating of Hold has been given to Martin Midstream Partners L.P. (NASDAQ:MMLP) by analysts covering the stock. About 30 days ago, MMLP was issued an average rating of Hold.
9 analysts issued ratings on the stock, where 2 gave MMLP a buy rating, 1 gave an overweight rating, 5 issued a hold rating, 1 gave an underweight rating, and 0 gave a sell rating. Over the past 90 days, the number of analysts that are bullish on the stock has decreased by 2. Meanwhile, the number of analysts pessimistic about the company has increased by 0.
Many analysts weighed in on price targets for MMLP. The most optimistic price target was 25, implying a possible profit of 28.21 percent. The minimum price target given was 18, implying a possible loss of -7.69 percent. Many analysts are not unbiased in their coverage of stocks, including price targets and stock ratings, so care must be taken in interpreting numbers released by them.
Over the past month, analysts have revised their estimates for this quarter's earnings, with a net average change of -29.17 percent. That number becomes 0 percent if we expand the time horizon to include the past 3 months instead of just one. On the other hand, earnings estimates for the fiscal year have been revised downwards by -5.46 percent, as compared to a month ago. If we look at the last 90 days instead, we find a net average change of 19.44 percent in FY estimates.
Investors like to see analysts making revisions in the same direction, as that raises confidence in the revisions. 0 analysts made positive revisions to their quarterly estimates over the past month, while 2 analysts revised their estimates downwards. Also over the last month, 0 analysts increased their estimates for the FY earnings, while 2 analysts made negative revisions to their fiscal year's estimates.
The growth rate of MMLP's earnings is estimated by analysts to be -51.94 percent. Another measure frequently examined by investors is the PEG ratio. Investors like to see smaller values for the PEG ratio, as that can indicate whether the high price level of a stock is warranted by high growth. Many investors consider PEG ratios between 0 and 1 as preferrable, but many choose to perform ratio comparisons with other companies in the industry. The PEG ratio of MMLP is -0.44.
In the trailing 52-weeks, MMLP hit 24.10 at the highest peak, while it's lowest trading point was 15.58. The current market price is above the trailing year's low by 25.16 percent, and 19.09 percent lower than its 52-week high. MMLP has a P/E ratio of 22.87. Investors typically compare the P/E ratio to a company's peers in the industry. The MMLP value stock report compares MMLP to some of its peers using value stock charts. The stock has a market capitalization of $0.75943 billion. MMLP is estimated to release their earnings results for the quarter on 0000-00-00, days from today.