Navios Maritime Midstream Partners LP (NYSE:NAP)’s share price dropped 5.5% during trading on Thursday . The company traded as low as $11.27 and last traded at $11.32, with a volume of 69,436 shares traded. The stock had previously closed at $11.98.

NAP has been the subject of a number of recent research reports. Bank of America Corp. cut shares of 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. Zacks Investment Research cut shares of Navios Maritime Midstream Partners from a “hold” rating to a “strong sell” rating in a research report on Thursday, August 4th. JPMorgan Chase & Co. reissued a “hold” rating and issued a $8.00 target price on shares of Navios Maritime Midstream Partners in a research report on Friday, July 29th. TheStreet raised shares of 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 reissued an “outperform” rating on shares of Navios Maritime Midstream Partners in a research report on Thursday, June 2nd. One equities research 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 company presently has a consensus rating of “Hold” and an average target price of $11.00.

The company’s 50-day moving average price is $12.38 and its 200-day moving average price is $11.40. The company has a market capitalization of $231.57 million and a price-to-earnings ratio of 8.06.

Navios Maritime Midstream Partners (NYSE:NAP) last released its quarterly earnings results on Thursday, July 28th. The company reported $0.28 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 analyst estimates of $23.17 million. The company’s revenue was up 23.7% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.34 earnings per share. On average, analysts expect that Navios Maritime Midstream Partners LP will post $1.33 EPS for the current year.

The business also recently declared a quarterly dividend, which was paid on Friday, August 12th. Investors of record on Wednesday, August 10th were given a $0.4225 dividend. This represents a $1.69 dividend on an annualized basis and a yield of 14.70%. 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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