Martin Midstream Partners L.P. (MMLP) Forms $14.00 Double Bottom; Brenham Capital Management LP Has Trimmed Continental Resources (CLR) Position By $37.12 Million

Continental Resources, Inc. (NYSE:CLR) Logo

Martin Midstream Partners L.P. (MMLP) formed double bottom with $13.58 target or 3.00% below today’s $14.00 share price. Martin Midstream Partners L.P. (MMLP) has $546.73 million valuation. The stock increased 0.72% or $0.1 during the last trading session, reaching $14. About 79,120 shares traded. Martin Midstream Partners L.P. (NASDAQ:MMLP) has declined 19.40% since June 14, 2017 and is downtrending. It has underperformed by 31.97% the S&P500. Some Historical MMLP News: ; 21/05/2018 – Martin Midstream Partners L.P. Announces Participation in the 2018 MLP & Energy Infrastructure Conference; 25/04/2018 – Martin Midstream Partners 1Q Rev $284.2M; 15/05/2018 – Martin Midstream Partners L.P. Announces Participation in Stephens Energy Conference; 26/03/2018 – Martin Midstream Partners Short-Interest Ratio Up to 8 Days; 16/03/2018 – MARTIN MIDSTREAM PARTNERS LP – DOES NOT ANTICIPATE PARTNERSHIP’S CASH FLOW TO BE IMPACTED BY ANNOUNCEMENT FROM FERC; 25/04/2018 – Martin Midstream Partners 1Q EPS 32c; 20/04/2018 – DJ Martin Midstream Partners LP, Inst Holders, 1Q 2018 (MMLP); 19/04/2018 – Martin Midstream Partners Announces Quarterly Cash Distribution; 16/03/2018 Martin Midstream Partners L.P. Responds to FERC Announcement; 25/04/2018 – MARTIN MIDSTREAM PARTNERS LP QTRLY NET INCOME PER UNIT ATTRIBUTABLE TO LIMITED PARTNERS – DILUTED $0.32

Brenham Capital Management Lp decreased Continental Resources Inc (CLR) stake by 29.22% reported in 2018Q1 SEC filing. Brenham Capital Management Lp sold 640,000 shares as Continental Resources Inc (CLR)’s stock rose 28.64%. The Brenham Capital Management Lp holds 1.55M shares with $91.37 million value, down from 2.19 million last quarter. Continental Resources Inc now has $23.96 billion valuation. The stock decreased 0.95% or $0.615 during the last trading session, reaching $64.415. About 434,541 shares traded. Continental Resources, Inc. (NYSE:CLR) has risen 61.38% since June 14, 2017 and is uptrending. It has outperformed by 48.81% the S&P500. Some Historical CLR News: ; 26/04/2018 – Continental Resources Announces Firm Transportation Agreement on Enable’s Project Wildcat from SCOOP and STACK to Premium Texas Markets; 10/03/2018 – Continental Resources Access Event Set By SunTrust for Mar. 15; 11/04/2018 – CONTINENTAL RESOURCES INC CLR.N : BMO RAISES TARGET PRICE TO $65 FROM $60; 26/04/2018 – CONTINENTAL RESOURCES INC- QTRLY PROJECT WILDCAT WILL PROVIDE CONTINENTAL RESOURCES 400 MLN CUBIC FEET PER DAY OF ADDITIONAL TAKEAWAY CAPACITY; 12/04/2018 – CONTINENTAL RESOURCES INC CLR.N : SIMMONS RAISES TARGET PRICE TO $67 FROM $62; 03/05/2018 – CONTINENTAL RESOURCES INC CLR.N CHIEF EXECUTIVE HAROLD HAMM SAYS OPEC, RUSSIAN EFFORTS HAVE HELPED REDUCE GLOBAL OVERSUPPLY OF CRUDE SINCE NOV 2016; 12/04/2018 – CONTINENTAL RESOURCES SAYS ON APRIL 9, 2018, CO, UNITS ENTERED INTO AN UNSECURED REVOLVING CREDIT AGREEMENT – SEC FILING; 03/05/2018 – Continental Resources at Morgan Stanley Conference May 7; 21/05/2018 – CONTINENTAL RESOURCES INC CLR.N : SIMMONS RAISES TARGET PRICE TO $78 FROM $68; 22/05/2018 – Continental Resources Presenting at JPMorgan Conference Jun 18

Since March 1, 2018, it had 3 buys, and 10 selling transactions for $6.50 million activity. $300,725 worth of Continental Resources, Inc. (NYSE:CLR) was sold by MCCAIN ELLIS L. $205,084 worth of Continental Resources, Inc. (NYSE:CLR) was sold by McNabb John T II on Thursday, May 10. Eissenstat Eric Spencer had sold 10,000 shares worth $560,192. $1.19 million worth of Continental Resources, Inc. (NYSE:CLR) shares were sold by Owen Steven K. Hart John D sold $342,500 worth of Continental Resources, Inc. (NYSE:CLR) on Tuesday, May 15. Hamm Harold bought $8.88 million worth of Continental Resources, Inc. (NYSE:CLR) on Tuesday, May 29.

Investors sentiment decreased to 0.99 in 2018 Q1. Its down 0.06, from 1.05 in 2017Q4. It fall, as 36 investors sold CLR shares while 110 reduced holdings. 55 funds opened positions while 89 raised stakes. 82.48 million shares or 1.28% more from 81.44 million shares in 2017Q4 were reported. M&T Bank Corp reported 0% in Continental Resources, Inc. (NYSE:CLR). New York-based New York State Common Retirement Fund has invested 0.02% in Continental Resources, Inc. (NYSE:CLR). Susquehanna Grp Llp invested in 57,164 shares. Massmutual Tru Fsb Adv holds 0% of its portfolio in Continental Resources, Inc. (NYSE:CLR) for 150 shares. Pictet Asset Mgmt Limited has 37,868 shares. 26 are held by Macroview Invest Limited Co. Paradigm Asset Mgmt Co Ltd Llc owns 1,050 shares or 0% of their US portfolio. Dimensional Fund Advisors Ltd Partnership owns 0.02% invested in Continental Resources, Inc. (NYSE:CLR) for 753,706 shares. Pennsylvania-based Federated Pa has invested 0.02% in Continental Resources, Inc. (NYSE:CLR). Credit Agricole S A holds 2,600 shares. North Star Invest Corporation holds 200 shares or 0% of its portfolio. Alliancebernstein LP holds 0.01% or 233,954 shares. 29,238 are owned by Gulf Bancorp (Uk) Limited. Asset Mngmt One Company Limited owns 140,596 shares. Alyeska Gru Ltd Partnership holds 1.02 million shares or 0.54% of its portfolio.

Analysts await Continental Resources, Inc. (NYSE:CLR) to report earnings on August, 14. CLR’s profit will be $264.04M for 22.68 P/E if the $0.71 EPS becomes a reality. After $0.68 actual earnings per share reported by Continental Resources, Inc. for the previous quarter, Wall Street now forecasts 4.41% EPS growth.

Among 42 analysts covering Continental Resources Inc. (NYSE:CLR), 29 have Buy rating, 0 Sell and 13 Hold. Therefore 69% are positive. Continental Resources Inc. had 178 analyst reports since July 21, 2015 according to SRatingsIntel. The stock of Continental Resources, Inc. (NYSE:CLR) has “Outperform” rating given on Friday, August 7 by RBC Capital Markets. The rating was downgraded by Goldman Sachs on Thursday, April 12 to “Neutral”. On Thursday, May 3 the stock rating was maintained by Morgan Stanley with “Overweight”. On Friday, August 5 the stock rating was maintained by RBC Capital Markets with “Outperform”. The stock of Continental Resources, Inc. (NYSE:CLR) earned “Overweight” rating by Morgan Stanley on Wednesday, October 18. The firm has “Buy” rating given on Wednesday, December 20 by Jefferies. The stock of Continental Resources, Inc. (NYSE:CLR) has “Buy” rating given on Thursday, November 9 by RBC Capital Markets. The company was maintained on Wednesday, April 18 by Piper Jaffray. KLR Group downgraded the shares of CLR in report on Wednesday, April 18 to “Hold” rating. The stock has “Hold” rating by Cowen & Co on Tuesday, July 18.

More news for Continental Resources, Inc. (NYSE:CLR) were recently published by: Seekingalpha.com, which released: “Continental Resources Can Soar Without Bottlenecks” on June 05, 2018. Seekingalpha.com‘s article titled: “Continental Resources Making Several Smart Moves” and published on May 18, 2018 is yet another important article.

Analysts await Martin Midstream Partners L.P. (NASDAQ:MMLP) to report earnings on July, 25. They expect $0.04 earnings per share, up 33.33% or $0.01 from last year’s $0.03 per share. MMLP’s profit will be $1.56M for 87.50 P/E if the $0.04 EPS becomes a reality. After $0.32 actual earnings per share reported by Martin Midstream Partners L.P. for the previous quarter, Wall Street now forecasts -87.50% negative EPS growth.

Investors sentiment increased to 1 in 2018 Q1. Its up 0.11, from 0.89 in 2017Q4. It is positive, as 7 investors sold Martin Midstream Partners L.P. shares while 14 reduced holdings. 7 funds opened positions while 14 raised stakes. 13.72 million shares or 0.90% less from 13.84 million shares in 2017Q4 were reported. Royal Fincl Bank Of Canada has 21,206 shares for 0% of their portfolio. Arrow Investment Advisors Llc reported 0.19% of its portfolio in Martin Midstream Partners L.P. (NASDAQ:MMLP). California-based California Employees Retirement Sys has invested 0% in Martin Midstream Partners L.P. (NASDAQ:MMLP). Raymond James Services Advisors, Florida-based fund reported 94,138 shares. Manufacturers Life The has 4,600 shares for 0% of their portfolio. Bollard Gru Ltd Liability Corp reported 54,950 shares. Toronto Dominion Bancorporation has invested 0% in Martin Midstream Partners L.P. (NASDAQ:MMLP). Jpmorgan Chase Company owns 2,254 shares for 0% of their portfolio. Guggenheim Capital Limited Liability holds 0% in Martin Midstream Partners L.P. (NASDAQ:MMLP) or 34,272 shares. Morgan Stanley stated it has 0% in Martin Midstream Partners L.P. (NASDAQ:MMLP). Brookfield Asset Mngmt Inc owns 4.05M shares for 0.19% of their portfolio. Rafferty Asset Mngmt stated it has 0.03% of its portfolio in Martin Midstream Partners L.P. (NASDAQ:MMLP). Peak6 Ltd Partnership invested in 11,476 shares or 0% of the stock. Asset Mngmt Ltd Liability Com holds 0.33% of its portfolio in Martin Midstream Partners L.P. (NASDAQ:MMLP) for 60,791 shares. Advisory holds 544,995 shares.

Among 6 analysts covering Martin Midstream Partners LP (NASDAQ:MMLP), 2 have Buy rating, 0 Sell and 4 Hold. Therefore 33% are positive. Martin Midstream Partners LP has $34 highest and $15 lowest target. $17.83’s average target is 27.36% above currents $14 stock price. Martin Midstream Partners LP had 20 analyst reports since September 21, 2015 according to SRatingsIntel. The firm earned “Hold” rating on Thursday, August 10 by Stifel Nicolaus. RBC Capital Markets maintained Martin Midstream Partners L.P. (NASDAQ:MMLP) rating on Friday, July 28. RBC Capital Markets has “Hold” rating and $2200 target. The stock has “Buy” rating by Stifel Nicolaus on Tuesday, December 6. The rating was maintained by Stifel Nicolaus on Thursday, October 26 with “Hold”. The company was initiated on Monday, December 18 by FBR Capital. The rating was maintained by Robert W. Baird on Thursday, October 26 with “Hold”. The firm has “Hold” rating given on Friday, October 27 by RBC Capital Markets. The rating was maintained by Robert W. Baird on Tuesday, September 26 with “Hold”. Stifel Nicolaus maintained the shares of MMLP in report on Thursday, July 6 with “Hold” rating. On Tuesday, October 27 the stock rating was maintained by FBR Capital with “Outperform”.

Since January 11, 2018, it had 15 insider buys, and 3 selling transactions for $22,714 activity. MARTIN RUBEN S bought $2.24M worth of stock or 150,000 shares. TAUSCHER RANDALL also bought $4,529 worth of Martin Midstream Partners L.P. (NASDAQ:MMLP) shares. The insider Shoup Scot A bought 52 shares worth $769. Martin Product Sales LLC had sold 150,000 shares worth $2.24 million on Thursday, June 7. The insider BONDURANT ROBERT D bought $6,669. BOOTH CHRIS H bought $83 worth of Martin Midstream Partners L.P. (NASDAQ:MMLP) on Tuesday, February 20.

Martin Midstream Partners L.P. (NASDAQ:MMLP) Institutional Positions Chart

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