Marlin Midstream Partners Insider Sells $35,625 in Stock (FISH)
Marlin Midstream Partners (NASDAQ:FISH) Insider Amanda Bush sold 1,875 shares of Marlin Midstream Partners stock on the open market in a transaction that occurred on Thursday, May 22nd. The stock was sold at an average price of $19.00, for a total transaction of $35,625.00. Following the completion of the transaction, the insider now directly owns 23,187 shares of the company’s stock, valued at approximately $440,553. The sale was disclosed in a filing with the SEC, which is available at this link.
Marlin Midstream Partners (NASDAQ:FISH) traded up 0.45% during mid-day trading on Tuesday, hitting $19.2164. The stock had a trading volume of 29,947 shares. Marlin Midstream Partners has a 1-year low of $15.93 and a 1-year high of $20.25. The stock has a 50-day moving average of $18.32 and a 200-day moving average of $17.58. The company has a market cap of $345.1 million and a P/E ratio of 21.28.
Marlin Midstream Partners (NASDAQ:FISH) last issued its quarterly earnings data on Wednesday, April 30th. The company reported $0.28 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.25 by $0.03. The company had revenue of $18.80 million for the quarter, compared to the consensus estimate of $22.30 million. On average, analysts predict that Marlin Midstream Partners will post $1.19 earnings per share for the current fiscal year.
Separately, analysts at Zacks upgraded shares of Marlin Midstream Partners from an “underperform” rating to a “neutral” rating in a research note on Wednesday, April 16th. They now have a $18.50 price target on the stock. Two research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. The company currently has an average rating of “Buy” and an average target price of $21.13.
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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