Marlin Midstream Partners Reaches New 12-Month High at $20.39 (FISH)
Shares of Marlin Midstream Partners (NASDAQ:FISH) reached a new 52-week high during mid-day trading on Wednesday , American Banking and Market News reports. The stock traded as high as $20.39 and last traded at $20.39, with a volume of 32,106 shares trading hands. The stock had previously closed at $20.17.
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 investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company. The stock has an average rating of “Buy” and an average price target of $21.13.
The stock’s 50-day moving average is $19.45 and its 200-day moving average is $18.00. The company has a market cap of $366.2 million and a P/E ratio of 22.44.
Marlin Midstream Partners (NASDAQ:FISH) last released its 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. Analysts expect that Marlin Midstream Partners will post $1.19 EPS for the current fiscal year.
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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