Marlin Midstream Partners Given Consensus Rating of “Buy” by Brokerages (NASDAQ:FISH)
Shares of Marlin Midstream Partners (NASDAQ:FISH) have been given a consensus rating of “Buy” by the nine brokerages that are presently covering the company, AR Network reports. One investment analyst has rated the stock with a hold rating and eight have given a buy rating to the company. The average 12-month price target among analysts that have issued ratings on the stock in the last year is $21.70.
Separately, analysts at Oppenheimer initiated coverage on shares of Marlin Midstream Partners in a research note on Thursday. They set a “buy” rating and a $24.00 price target on the stock.
Shares of Marlin Midstream Partners (NASDAQ:FISH) traded up 0.31% during mid-day trading on Friday, hitting $19.60. The stock had a trading volume of 9,025 shares. Marlin Midstream Partners has a one year low of $15.93 and a one year high of $21.12. The stock has a 50-day moving average of $20.32 and a 200-day moving average of $18.65. The company has a market cap of $352.0 million and a P/E ratio of 21.74.
Marlin Midstream Partners (NASDAQ:FISH) last announced its earnings results on Wednesday, July 30th. The company reported $0.36 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.30 by $0.06. The company had revenue of $22.45 million for the quarter, compared to the consensus estimate of $22.34 million. Marlin Midstream Partners’s revenue was up 117.5% compared to the same quarter last year. On average, analysts predict that Marlin Midstream Partners will post $1.19 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Tuesday, August 5th. Stockholders of record on Thursday, July 31st will be given a dividend of $0.36 per share. This represents a $1.44 dividend on an annualized basis and a yield of 7.27%. The ex-dividend date of this dividend is Tuesday, July 29th. This is a boost from Marlin Midstream Partners’s previous quarterly dividend of $0.36.
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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