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UPDATE: Stifel Initiates Marlin Midstream Partners LP with Buy on Multiple Positive Factors

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In a report published Tuesday, Stifel analyst Selman Akyol initiated coverage on Marlin Midstream Partners LP (NASDAQ: FISH) with a Buy rating and $23.00 price target.

In the report, Stifel noted, “The midstream assets are composed of natural gas gathering, transportation, treating and processing, and NGL transportation assets and crude oil transloading services compose the crude logistics segment. The midstream assets are located in East Texas and the crude logistics assets are in Carbon County, Utah, and Big Horn County, Wyoming. We believe the partnership has a very supportive general partner whose economic interests are aligned and should support growth through a strategy of asset dropdowns. We are initiating with a Buy rating on the units and a target price of $23.00 for a one year total return potential of approximately 30%. We value the units using the yield capitalization method.”

Marlin Midstream Partners LP closed on Monday at $18.75.

Latest Ratings for FISH

DateFirmActionFromTo
May 2015DowngradesBuyHold
Jan 2015UpgradesBuy
Jan 2014Initiates Coverage onBuy

View More Analyst Ratings for FISH
View the Latest Analyst Ratings

Posted-In: Selman Akyol StifelAnalyst Color Initiation Analyst Ratings

 

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