Navios Maritime Midstream Partners LP (NAP) Trading 2.5% Higher
Navios Maritime Midstream Partners LP (NYSE:NAP) shares traded up 2.5% during mid-day trading on Wednesday . The stock traded as high as $11.98 and last traded at $11.98, with a volume of 54,380 shares. The stock had previously closed at $11.69.
Several research analysts have issued reports on the stock. Credit Suisse Group AG reiterated an “outperform” rating on shares of Navios Maritime Midstream Partners in a report on Thursday, June 2nd. TheStreet raised shares of Navios Maritime Midstream Partners from a “sell” rating to a “hold” rating in a research report on Wednesday, June 8th. Zacks Investment Research raised shares of Navios Maritime Midstream Partners from a “strong sell” rating to a “hold” rating in a research report on Wednesday, June 29th. JPMorgan Chase & Co. reissued a “hold” rating and set a $8.00 price target on shares of Navios Maritime Midstream Partners in a research report on Friday, July 29th. Finally, 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 for the company. in a research report on Monday, August 1st. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and one has issued a buy rating to the company. The stock currently has an average rating of “Hold” and an average target price of $11.00.
The company’s 50 day moving average is $12.39 and its 200-day moving average is $11.40. The stock has a market capitalization of $242.93 million and a price-to-earnings ratio of 8.46.
Navios Maritime Midstream Partners (NYSE:NAP) last announced its quarterly earnings data on Thursday, July 28th. The company reported $0.28 EPS for the quarter, missing the Zacks’ consensus estimate of $0.33 by $0.05. The firm earned $22.69 million during the quarter, compared to analyst estimates of $23.17 million. During the same period in the previous year, the company posted $0.34 earnings per share. The business’s quarterly revenue was up 23.7% on a year-over-year basis. On average, equities research analysts predict that Navios Maritime Midstream Partners LP will post $1.33 EPS for the current year.
The business also recently disclosed a quarterly dividend, which was paid on Friday, August 12th. Stockholders of record on Wednesday, August 10th were given a dividend of $0.4225 per share. This represents a $1.69 dividend on an annualized basis and a dividend yield of 14.11%. The ex-dividend date 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.
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