Navios Maritime Midstream Partners LP (NAP) Sees Large Volume Increase
Navios Maritime Midstream Partners LP (NYSE:NAP) shares saw strong trading volume on Monday . 52,727 shares were traded during trading, a decline of 1% from the previous session’s volume of 53,453 shares.The stock last traded at $12.25 and had previously closed at $11.88.
A number of research analysts recently weighed in on the company. Credit Suisse Group AG reissued an “outperform” rating on shares of Navios Maritime Midstream Partners in a report on Thursday, June 2nd. Zacks Investment Research raised Navios Maritime Midstream Partners from a “strong sell” rating to a “hold” rating in a report on Wednesday, June 29th. Finally, TheStreet raised Navios Maritime Midstream Partners from a “sell” rating to a “hold” rating in a report on Wednesday, June 8th.
The stock has a market cap of $253.47 million and a PE ratio of 8.8214. The company’s 50-day moving average price is $11.85 and its 200 day moving average price is $10.79.
Navios Maritime Midstream Partners (NYSE:NAP) last announced its quarterly earnings results on Wednesday, April 27th. The company reported $0.36 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.39 by $0.03. The business earned $24.10 million during the quarter, compared to analyst estimates of $24.41 million. The business’s quarterly revenue was up 44.3% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.33 EPS. On average, equities research analysts predict that Navios Maritime Midstream Partners LP will post $1.37 earnings per share for the current year.
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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