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April 30, 2020, 9:24 a.m. EDT

MMLP, CEPQ And MTDR Bullish On Their 20-Days Moving Average

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    Martin Midstream Partners L.P. (MMLP)
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    Crestwood Equity Partners LP (CEQP)
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    Matador Resources Co. (MTDR)

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Apr 30, 2020 (The Market Signal via Comtex) -- Sector Reports was created as a platform to help investors find the best free Stock Reports on stocks they own. If you are a shareholder or looking to buy /zigman2/quotes/209402582/composite MMLP +1.25% , /zigman2/quotes/203439273/composite CEQP +0.58% , /zigman2/quotes/204387276/composite MTDR +0.12% , then we strongly urge you to join our community by signing up with the link below and getting a completely free research report on each company today.

http://www.sectorreports.com.au/lP/?symbol=FREE-REPORT

(Click link above or copy, paste and hit enter in your browser for your report)

Q1 2020 has been tough on almost every industry out there due to the spread of the coronavirus, which led to shutdowns across multiple industries. Many stocks have been expected to demonstrate declining performance, but there are a few that have been going strong.

Martin Midstream still bullish after reporting its earnings a week ago

http://www.sectorreports.com.au/lp/MMLP

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Martin Midstream Partners /zigman2/quotes/209402582/composite MMLP +1.25% closed the latest trading session on Wednesday at $2.94. The stock is currently trading 106.32% above its 20 Days simple moving average, and it maintains its bullish outlook.

The company announced its Q1 2020 earnings on April 22, revealing that it managed to surpass analyst expectations. The company reported a $31.0 million adjusted EBITDA compared to $25.6 million in the previous quarter and

$8.8 million net income while the revenue for the latest quarter was $198.9 million. It also reported a $0.0625 cash distribution per unit.

The company expects the next quarter to yield better performance in the hopes that it will be better than Q1 2020. The latest quarterly duration was not as favorable for business due to the coronavirus pandemic.

Crestwood Equity rallies amid measures aimed at improving its performance

http://www.sectorreports.com.au/lp/CEQP

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Crestwood Equity Partners /zigman2/quotes/203439273/composite CEQP +0.58% had an impressive 21.05% rally during Wednesday's trading session before closing the day at $11.50. The stock is currently trading 82.52% above its 20 Days simple moving average, and it remains bullish.

The bullish performance comes amid the company's decision to maintain its distribution for common and preferred shares within the prevailing levels. The company also revealed that it is looking for multiple avenues through which it can preserve and boost optionality relative to its financial position.

Crestwood also revealed recently that it decided to slash its capital spending in 2020 by more than $40 million. This will allow the company to preserve cash and enjoy more financial flexibility in the future.

Matador on strong rally after reporting favorable Q1 2020 earnings

/zigman2/quotes/209402582/composite
US : U.S.: Nasdaq
$ 1.22
+0.02 +1.25%
Volume: 190,257
Sept. 24, 2020 3:59p
P/E Ratio
1.82
Dividend Yield
1.65%
Market Cap
$46.62 million
Rev. per Employee
$1.32M
loading...
/zigman2/quotes/203439273/composite
US : U.S.: NYSE
$ 12.05
+0.07 +0.58%
Volume: 795,363
Sept. 24, 2020 4:00p
P/E Ratio
N/A
Dividend Yield
20.75%
Market Cap
$881.73 million
Rev. per Employee
$3.85M
loading...
/zigman2/quotes/204387276/composite
US : U.S.: NYSE
$ 8.08
+0.01 +0.12%
Volume: 2.32M
Sept. 24, 2020 4:00p
P/E Ratio
N/A
Dividend Yield
N/A
Market Cap
$942.90 million
Rev. per Employee
$3.15M
loading...
/zigman2/quotes/209402582/composite
US : U.S.: Nasdaq
$ 1.22
+0.02 +1.25%
Volume: 190,257
Sept. 24, 2020 3:59p
P/E Ratio
1.82
Dividend Yield
1.65%
Market Cap
$46.62 million
Rev. per Employee
$1.32M
loading...
/zigman2/quotes/203439273/composite
US : U.S.: NYSE
$ 12.05
+0.07 +0.58%
Volume: 795,363
Sept. 24, 2020 4:00p
P/E Ratio
N/A
Dividend Yield
20.75%
Market Cap
$881.73 million
Rev. per Employee
$3.85M
loading...
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