Navios Maritime Midstream Partners LP (NAP) Trading 6.5% Higher
Navios Maritime Midstream Partners LP (NYSE:NAP) traded up 6.5% during mid-day trading on Monday . The stock traded as high as $14.20 and last traded at $13.98, with a volume of 405,000 shares. The stock had previously closed at $13.13.
Several equities research analysts recently issued reports on the company. TheStreet raised Navios Maritime Midstream Partners from a “sell” rating to a “hold” rating in a research note on Wednesday, June 8th. JPMorgan Chase & Co. reissued a “hold” rating and issued a $8.00 price objective on shares of Navios Maritime Midstream Partners in a research note on Friday. Zacks Investment Research raised Navios Maritime Midstream Partners from a “strong sell” rating to a “hold” rating in a research note on Wednesday, June 29th. Bank of America Corp. downgraded Navios Maritime Midstream Partners from a “buy” rating to a “neutral” rating and set a $13.00 price objective for the company. in a research note on Monday. Finally, Credit Suisse Group AG reissued an “outperform” rating on shares of Navios Maritime Midstream Partners in a research note on Thursday, June 2nd. Four equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. The company has an average rating of “Hold” and an average target price of $11.00.
The firm has a 50-day moving average of $12.00 and a 200 day moving average of $10.94. The stock has a market cap of $283.89 million and a P/E ratio of 9.87.
Navios Maritime Midstream Partners (NYSE:NAP) last released its earnings results on Thursday, July 28th. The company reported $0.28 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.33 by $0.05. The firm earned $22.69 million during the quarter, compared to the consensus estimate of $23.17 million. During the same period in the prior year, the business earned $0.34 earnings per share. The business’s revenue for the quarter was up 23.7% on a year-over-year basis. On average, equities research analysts anticipate that Navios Maritime Midstream Partners LP will post $1.32 earnings per share for the current year.
The company also recently announced a quarterly dividend, which will be paid on Friday, August 12th. Stockholders of record on Wednesday, August 10th will be paid a $0.4225 dividend. The ex-dividend date is Monday, August 8th. This represents a $1.69 annualized dividend and a dividend yield of 12.07%.
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.
Get Analysts' Upgrades and Downgrades Daily - Enter your email address below to receive a concise daily summary of analysts' upgrades, downgrades and new coverage with MarketBeat.com's FREE daily email newsletter.