Marlin Midstream Partners Hits New 1-Year High at $21.70 (FISH)
Marlin Midstream Partners (NASDAQ:FISH) reached a new 52-week high during mid-day trading on Tuesday , Analyst RN reports. The stock traded as high as $21.70 and last traded at $21.32, with a volume of 16,287 shares. The stock had previously closed at $21.45.
A number of analysts have recently weighed in on FISH shares. Analysts at Zacks upgraded shares of Marlin Midstream Partners from a “neutral” rating to an “outperform” rating in a research note on Tuesday, August 5th. They now have a $21.50 price target on the stock. 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. Six equities research analysts have rated the stock with a buy rating, The stock has a consensus rating of “Buy” and an average price target of $21.83.
The stock has a 50-day moving average of $20.41 and a 200-day moving average of $19.15. The company has a market cap of $382.9 million and a P/E ratio of 16.35.
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 $1.36 earnings per share 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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