Marlin Midstream Partners Given Consensus Recommendation of “Buy” by Brokerages (NASDAQ:FISH)
Marlin Midstream Partners (NASDAQ:FISH) has been given a consensus recommendation of “Buy” by the nine analysts that are presently covering the company, AnalystRatings.Net reports. One investment analyst has rated the stock with a hold rating and eight have issued a buy rating on the company. The average 1-year price target among analysts that have issued a report 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, July 31st. They set a “buy” rating and a $24.00 price target on the stock.
Marlin Midstream Partners (NASDAQ:FISH) opened at 19.56 on Friday. Marlin Midstream Partners has a 52 week low of $15.93 and a 52 week high of $21.12. The stock’s 50-day moving average is $20.31 and its 200-day moving average is $18.73. The company has a market cap of $351.3 million and a price-to-earnings ratio of 21.75.
Marlin Midstream Partners (NASDAQ:FISH) last issued its quarterly earnings data on Wednesday, July 30th. The company reported $0.36 earnings per share (EPS) for the quarter, beating the 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. The company’s revenue for the quarter was up 117.5% on a year-over-year basis. On average, analysts predict that Marlin Midstream Partners will post $1.23 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Tuesday, August 5th. Shareholders of record on Thursday, July 31st will be paid a dividend of $0.36 per share. This represents a $1.44 annualized dividend and a dividend yield of 7.36%. The ex-dividend date is Tuesday, July 29th. This is a positive change 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.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.