Wunderlich Securities Sees Growth Prospects Remain Intact for Marlin Midstream Partners, LP

In a report published Wednesday, Wunderlich Securities analyst Abhishek Sinha reiterated a Buy rating and $30.00 price target on

. In the report, Wunderlich Securities noted, "Buy-rated Marlin Midstream Partners (FISH) reported 4Q14 Adj. EBITDA of $7.7mm, missing our $8.9mm estimate due to lower margins from its G&P segment. Distribution for the quarter was flat sequentially at $0.365/unit, implying a coverage ratio of 1.08x, which is still strong in our view given the dismal market conditions. On February 27, 2015, Marlin successfully completed the previously announced transaction with Azure Midstream Energy, LLC and sale of its general partner. The company reaffirmed its 2015 EBITDA guidance of $47-$53mm along with 18% yr./yr. distribution growth. We believe Marlin's solid double-digit growth prospects, strong coverage with below-peer leverage, and its deep drop-down inventory make the risk/reward proposition highly attractive in this commodity environment." Marlin Midstream Partners, LP closed on Tuesday at $23.53.