Marlin Midstream Partners LP Receives New Coverage from Analysts at Oppenheimer (FISH)
Stock analysts at Oppenheimer started coverage on shares of Marlin Midstream Partners LP (NASDAQ:FISH) in a report issued on Friday, TheFlyOnTheWall.com reports. The firm set a “market perform” rating on the stock.
The analysts wrote, “We initiate coverage of Marlin Midstream Partners (FISH) with a Perform rating and do not assign a price target. We believe the MLP was structured to provide the CEO a strong incentive to grow LP distributions. Assets are modern and efficient with predominantly fee-based contracts, many with minimum volume commitments. The balance sheet is very strong, leaving FISH plenty of dry powder to acquire additional assets. However, we believe the current yield accurately captures the risks inherent in the structure, namely FISH’s dependence on its private parent company NuDevco. Not being able to readily ascertain the condition of the parent is a risk, in our view.”
FISH has been the subject of a number of other recent research reports. Analysts at Janney Montgomery Scott initiated coverage on shares of Marlin Midstream Partners LP (NASDAQ:FISH) in a research note to investors on Friday, September 6th. They set a “buy” rating on the stock. Separately, analysts at M Partners initiated coverage on shares of Marlin Midstream Partners LP (NASDAQ:FISH) in a research note to investors on Tuesday, August 20th. They set a “positive” rating on the stock. Finally, analysts at Stifel Nicolaus initiated coverage on shares of Marlin Midstream Partners LP (NASDAQ:FISH) in a research note to investors on Tuesday, August 20th. They set a “buy” rating and a $23.00 price target on the stock. One research analyst has rated the stock with a hold rating and four have assigned a buy rating to the stock. Marlin Midstream Partners LP presently has a consensus rating of “Buy” and an average price target of $23.00.
In other Marlin Midstream Partners LP news, Director W Keith Maxwell III acquired 10,700 shares of the stock on the open market in a transaction that occurred on Tuesday, September 24th. The stock was purchased at an average cost of $17.81 per share, with a total value of $190,567.00. Following the transaction, the director now directly owns 20,700 shares of the company’s stock, valued at approximately $368,667. The acquisition was disclosed in a document filed with the SEC, which is available at this link.
Shares of Marlin Midstream Partners LP (NASDAQ:FISH) traded down 0.17% during mid-day trading on Friday, hitting $18.10. The stock had a trading volume of 4,424 shares. Marlin Midstream Partners LP has a 52 week low of $17.45 and a 52 week high of $20.25. The stock has a 50-day moving average of $19.17 and a 200-day moving average of $19.32. The company’s market cap is $322.3 million.
Marlin Midstream Partners, LP develops, owns, operates and acquires midstream energy assets. The Company provides natural gas gathering, transportation, treating and processing services and One million cubic feet (NASDAQ:FISH) transportation services, which it refer to as its midstream natural gas business, and crude oil transloading services, which it refer to as its crude oil logistics business.
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