Navios Maritime Midstream Partners LP (NAP) Sees Strong Trading Volume
Shares of Navios Maritime Midstream Partners LP (NYSE:NAP) saw unusually-strong trading volume on Thursday . Approximately 170,484 shares were traded during trading, an increase of 15% from the previous session’s volume of 147,912 shares.The stock last traded at $11.98 and had previously closed at $12.21.
Several analysts have recently weighed in on NAP shares. Zacks Investment Research downgraded Navios Maritime Midstream Partners from a “hold” rating to a “strong sell” rating in a research report on Thursday, August 4th. Bank of America Corp. downgraded Navios Maritime Midstream Partners from a “buy” rating to a “neutral” rating and set a $13.00 target price for the company. in a research report on Monday, August 1st. JPMorgan Chase & Co. reiterated a “hold” rating and set a $8.00 target price on shares of Navios Maritime Midstream Partners in a research report on Friday, July 29th. TheStreet upgraded Navios Maritime Midstream Partners from a “sell” rating to a “hold” rating in a research report on Wednesday, June 8th. Finally, Credit Suisse Group AG reiterated an “outperform” rating on shares of Navios Maritime Midstream Partners in a research report on Thursday, June 2nd. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and one has issued a buy rating to the company’s stock. Navios Maritime Midstream Partners currently has an average rating of “Hold” and a consensus target price of $11.00.
The company’s 50-day moving average is $12.35 and its 200 day moving average is $11.27. The stock has a market cap of $244.76 million and a PE ratio of 8.52.
Navios Maritime Midstream Partners (NYSE:NAP) last issued its quarterly 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 company earned $22.69 million during the quarter, compared to analysts’ expectations of $23.17 million. During the same period last year, the firm earned $0.34 EPS. The business’s quarterly revenue was up 23.7% compared to the same quarter last year. Equities research analysts forecast that Navios Maritime Midstream Partners LP will post $1.33 EPS for the current year.
The business also recently announced a quarterly dividend, which was paid on Friday, August 12th. Shareholders of record on Wednesday, August 10th were issued a $0.4225 dividend. This represents a $1.69 annualized dividend and a yield of 14.04%. The ex-dividend date of this dividend was Monday, August 8th.
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.