Navios Maritime Midstream Partners LP (NAP) Shares Up 6.5%
Navios Maritime Midstream Partners LP (NYSE:NAP)’s share price shot up 6.5% during trading on Monday . The stock traded as high as $14.20 and last traded at $13.98, with a volume of 405,000 shares trading hands. The stock had previously closed at $13.13.
Several brokerages have recently commented on NAP. Zacks Investment Research lowered Navios Maritime Midstream Partners from a “hold” rating to a “sell” rating in a research note on Saturday, April 30th. Credit Suisse Group AG restated an “outperform” rating on shares of Navios Maritime Midstream Partners in a research note on Thursday, June 2nd. Bank of America Corp. lowered Navios Maritime Midstream Partners from a “buy” rating to a “neutral” rating and set a $13.00 price target on the stock. in a research note on Monday. JPMorgan Chase & Co. restated a “hold” rating and set a $8.00 price target on shares of Navios Maritime Midstream Partners in a research note on Friday, July 29th. Finally, TheStreet upgraded Navios Maritime Midstream Partners from a “sell” rating to a “hold” rating in a research note on Wednesday, June 8th. Four research analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. Navios Maritime Midstream Partners currently has a consensus rating of “Hold” and an average target price of $11.00.
The company has a market cap of $278.42 million and a P/E ratio of 9.69. The stock’s 50-day moving average is $12.12 and its 200-day moving average is $11.08.
Navios Maritime Midstream Partners (NYSE:NAP) last released its quarterly earnings results on Thursday, July 28th. The company reported $0.28 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.33 by $0.05. The company earned $22.69 million during the quarter, compared to analysts’ expectations of $23.17 million. The firm’s revenue was up 23.7% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.34 EPS. Equities research analysts expect that Navios Maritime Midstream Partners LP will post $1.24 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Friday, August 12th. Investors of record on Wednesday, August 10th will be paid a dividend of $0.4225 per share. The ex-dividend date is Monday, August 8th. This represents a $1.69 dividend on an annualized basis and a 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.
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