Why Martin Midstream Partners L.P. (NASDAQ:MMLP) Is In News?


Thomson Reuters, a distinguished brokerage company, has placed a 52-week price target of $23.14 on Martin Midstream Partners L.P. (NASDAQ:MMLP) shares after it surveyed top market analysts. Calculating estimated earnings after taking into consideration different elements, it is predicted to come at $0.94 for the next fiscal and $N/A for underway quarter. Valuation Estimates Analysts take into account the price to earnings ratio to estimate the firm’s valuation. This ratio, which is also called as the P/E ratio evaluates the company on relative expense factor. The formula to calculate ratio is stock’s latest price/ per share earnings. The P/E ratio of Martin Midstream Partners L.P. (NASDAQ:MMLP) stands at 42.24. Analysts also work out Price/Earnings Growth ratio in an attempt to estimate the valuation of a firm. This ratio commonly known as the PEG ratio implies the stock’s valuation compared to earnings growth potential. Investors look to invest in the stocks with a lower PEG ratio. For Martin Midstream Partners L.P., the PEG ratio for coming 3-5 years is 14.18. Technical Analysis The technical analysis highlights that Martin Midstream Partners L.P. current price is trading $1.55 points away +6.79% from $22.78, which stands as the 50-day moving average of the firm. The stock’s 200-day MA is $20.04 and, for now, the stock price is trading $4.29 or +21.44% away from that point. The 52-week high of Martin Midstream Partners L.P. (NASDAQ:MMLP) was $32.86 while lowest point recorded in 52-week was $13.27. It implies if stock price makes a movement of over $-8.53, it will record a new 52-week high. In the case of $+83.35% points drop, it will touch a new 52-week low.

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