Capital Product Partners L.P. (CPLP) Trading Up 3.8%
Capital Product Partners L.P. (NASDAQ:CPLP) shares were up 3.8% on Thursday . The stock traded as high as $3.52 and last traded at $3.51, with a volume of 1,003,910 shares traded. The stock had previously closed at $3.38.
Several research analysts have recently weighed in on CPLP shares. Zacks Investment Research raised shares of Capital Product Partners L.P. from a “sell” rating to a “hold” rating in a report on Wednesday, June 29th. Deutsche Bank AG upped their price target on shares of Capital Product Partners L.P. from $2.50 to $4.00 and gave the stock a “hold” rating in a report on Monday, August 1st. Jefferies Group reaffirmed a “buy” rating on shares of Capital Product Partners L.P. in a report on Monday, August 1st. Finally, Evercore ISI cut Capital Product Partners L.P. from a “buy” rating to a “hold” rating in a research note on Tuesday, April 26th. Three research analysts have rated the stock with a sell rating, five have assigned a hold rating and five have issued a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus price target of $8.42.
The stock’s 50-day moving average price is $3.42 and its 200 day moving average price is $3.19. The company has a market cap of $439.49 million and a PE ratio of 9.92.
Capital Product Partners L.P. (NASDAQ:CPLP) last issued its quarterly earnings results on Friday, July 29th. The company reported $0.10 earnings per share for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.10. The business had revenue of $60.90 million for the quarter, compared to analysts’ expectations of $60.89 million. Equities analysts anticipate that Capital Product Partners L.P. will post $0.37 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which was paid on Friday, August 12th. Stockholders of record on Friday, August 5th were paid a dividend of $0.075 per share. This represents a $0.30 annualized dividend and a dividend yield of 8.22%. The ex-dividend date of this dividend was Wednesday, August 3rd.
Capital Product Partners L.P. is an international owner of modern tanker, container and drybulk vessels. The Partnership owns approximately 35 vessels, including twenty modern Medium Range (MR) product tankers, four Suezmax crude oil tankers, 10 post panamax container vessels and one Capesize bulk carrier.
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