Martin Midstream Partners L.P. (NASDAQ:MMLP) is included among the 8 Best Oil and Gas Penny Stocks to Buy Now.
Martin Midstream Partners L.P. (NASDAQ:MMLP) provides terminalling, processing, and storage services for petroleum products and by-products in the United States.
On March 12, Stifel analyst Selman Akyol lowered the firm’s price target on Martin Midstream Partners L.P. (NASDAQ:MMLP) from $4 to $3, but maintained a ‘Hold’ rating on the shares. The revised target still indicates an upside potential of 20% from the current share price.
The analyst noted that the sulfur sector has benefited from the Venezuelan oil flowing into the United States following the ouster of Nicolas Maduro. However, the fertilizer industry is witnessing a decrease in demand due to the challenging growing conditions for the cotton crop in Texas.
Martin Midstream Partners L.P. (NASDAQ:MMLP)’s Sulfur Services segment is expected to deliver adjusted EBITDA of $30.3 million in 2026, consistent with last year’s results. The company already expected the fertilizer market to remain compressed due to the rising sulfur input costs. The firm is forecasting its FY 2026 adjusted EBITDA to come in at $96.5 million.
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