Navios Maritime Midstream Partners LP (NAP) Sees Unusually-High Trading Volume
Navios Maritime Midstream Partners LP (NYSE:NAP) shares saw strong trading volume on Tuesday . 192,811 shares changed hands during trading, an increase of 112% from the previous session’s volume of 91,163 shares.The stock last traded at $13.52 and had previously closed at $14.00.
A number of equities research analysts recently commented on the company. Credit Suisse Group AG reaffirmed an “outperform” rating on shares of Navios Maritime Midstream Partners in a research note on Thursday, June 2nd. JPMorgan Chase & Co. reiterated a “hold” rating and set a $8.00 target price on shares of Navios Maritime Midstream Partners in a report on Friday. Zacks Investment Research upgraded Navios Maritime Midstream Partners from a “strong sell” rating to a “hold” rating in a report on Wednesday, June 29th. Bank of America Corp. lowered Navios Maritime Midstream Partners from a “buy” rating to a “neutral” rating and set a $13.00 target price on the stock. in a report on Monday. Finally, TheStreet upgraded Navios Maritime Midstream Partners from a “sell” rating to a “hold” rating in a report on Wednesday, June 8th. Four research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. Navios Maritime Midstream Partners currently has an average rating of “Hold” and an average target price of $11.00.
The company has a market cap of $278.42 million and a price-to-earnings ratio of 9.69. The stock’s 50 day moving average price is $12.06 and its 200-day moving average price is $11.04.
Navios Maritime Midstream Partners (NYSE:NAP) last announced its quarterly earnings results on Thursday, July 28th. The company reported $0.28 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.33 by $0.05. The company had revenue of $22.69 million for the quarter, compared to analyst estimates of $23.17 million. During the same quarter last year, the firm posted $0.34 earnings per share. The business’s quarterly revenue was up 23.7% compared to the same quarter last year. On average, analysts expect that Navios Maritime Midstream Partners LP will post $1.24 EPS for the current year.
The company also recently announced a quarterly dividend, which will be paid on Friday, August 12th. Shareholders of record on Wednesday, August 10th will be given a dividend of $0.4225 per share. The ex-dividend date is Monday, August 8th. This represents a $1.69 annualized dividend and a dividend yield of 12.28%.
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.