Navios Maritime Midstream Partners LP (NAP) Trading Down 6.1%
Navios Maritime Midstream Partners LP (NYSE:NAP)’s share price dropped 6.1% during mid-day trading on Monday . The stock traded as low as $12.39 and last traded at $13.18, with a volume of 207,082 shares. The stock had previously closed at $14.04.
NAP has been the topic of several analyst reports. Credit Suisse Group AG reaffirmed an “outperform” rating on shares of Navios Maritime Midstream Partners in a report on Thursday, June 2nd. Bank of America Corp. lowered shares of Navios Maritime Midstream Partners from a “buy” rating to a “neutral” rating and set a $13.00 price target on the stock. in a report on Monday, August 1st. Zacks Investment Research lowered shares of Navios Maritime Midstream Partners from a “hold” rating to a “strong sell” rating in a report on Thursday. JPMorgan Chase & Co. reaffirmed a “hold” rating and issued a $8.00 price target on shares of Navios Maritime Midstream Partners in a report on Friday, July 29th. Finally, TheStreet raised shares of Navios Maritime Midstream Partners from a “sell” rating to a “hold” rating in a report on Wednesday, June 8th. One analyst has rated the stock with a sell rating, three have given a hold rating and one has issued a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average price target of $11.00.
The company has a market capitalization of $266.05 million and a price-to-earnings ratio of 9.27. The company has a 50 day moving average of $12.32 and a 200-day moving average of $11.14.
Navios Maritime Midstream Partners (NYSE:NAP) last released its earnings results on Thursday, July 28th. The company reported $0.28 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.33 by $0.05. The business had revenue of $22.69 million for the quarter, compared to the consensus estimate of $23.17 million. The firm’s quarterly revenue was up 23.7% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.34 EPS. Analysts predict that Navios Maritime Midstream Partners LP will post $1.33 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, August 12th. Shareholders of record on Wednesday, August 10th will be issued a dividend of $0.4225 per share. The ex-dividend date of this dividend is Monday, August 8th. This represents a $1.69 dividend on an annualized basis and a yield of 12.88%.
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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