Navios Maritime Midstream Partners LP (NAP) Shares Up 3.3%
Navios Maritime Midstream Partners LP (NYSE:NAP) rose 3.3% during mid-day trading on Thursday . The company traded as high as $11.90 and last traded at $11.81, with a volume of 60,467 shares. The stock had previously closed at $11.43.
NAP has been the subject of a number of research analyst reports. Credit Suisse Group AG restated an “outperform” rating on shares of Navios Maritime Midstream Partners in a research report on Thursday, June 2nd. Zacks Investment Research lowered Navios Maritime Midstream Partners from a “hold” rating to a “sell” rating in a research report on Saturday, April 30th. Finally, TheStreet upgraded Navios Maritime Midstream Partners from a “sell” rating to a “hold” rating in a research report on Wednesday, June 8th.
The firm’s 50-day moving average price is $11.82 and its 200 day moving average price is $10.78. The stock has a market capitalization of $240.90 million and a PE ratio of 8.38.
Navios Maritime Midstream Partners (NYSE:NAP) last announced its quarterly earnings data on Wednesday, April 27th. The company reported $0.36 earnings per share for the quarter, missing analysts’ consensus estimates of $0.39 by $0.03. The firm had revenue of $24.10 million for the quarter, compared to analysts’ expectations of $24.41 million. Navios Maritime Midstream Partners’s revenue was up 44.3% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.33 earnings per share. Equities research analysts forecast that Navios Maritime Midstream Partners LP will post $1.37 EPS for the current year.
Navios Maritime Midstream Partners L.P. is a holding company. The Company is a limited partnership formed to own, operate and acquire crude oil tankers under long-term employment contracts. The Company may also seek to own, operate and acquire refined petroleum product tankers, chemical tankers and liquefied petroleum gas (LPG) tankers under long-term employment contracts.
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