Somewhat Favorable News Coverage Somewhat Unlikely to Affect Capital Product Partners (CPLP) Stock Price
Media stories about Capital Product Partners (NASDAQ:CPLP) have trended somewhat positive this week, according to Accern Sentiment. Accern identifies negative and positive media coverage by analyzing more than 20 million news and blog sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Capital Product Partners earned a news impact score of 0.17 on Accern’s scale. Accern also assigned press coverage about the shipping company an impact score of 45.1787113569547 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the next several days.
Shares of Capital Product Partners (NASDAQ:CPLP) traded down $0.04 during trading on Friday, reaching $3.15. The company’s stock had a trading volume of 496,310 shares, compared to its average volume of 457,908. The company has a quick ratio of 0.81, a current ratio of 0.86 and a debt-to-equity ratio of 0.43. The stock has a market cap of $403.40, a PE ratio of 14.32 and a beta of 1.28. Capital Product Partners has a 1-year low of $2.98 and a 1-year high of $4.00.
Capital Product Partners (NASDAQ:CPLP) last announced its quarterly earnings results on Wednesday, January 31st. The shipping company reported $0.06 EPS for the quarter, hitting the Zacks’ consensus estimate of $0.06. The business had revenue of $64.11 million for the quarter, compared to analysts’ expectations of $59.70 million. Capital Product Partners had a return on equity of 4.17% and a net margin of 14.31%. sell-side analysts forecast that Capital Product Partners will post 0.31 earnings per share for the current year.
Several analysts have weighed in on the company. BidaskClub raised Capital Product Partners from a “sell” rating to a “hold” rating in a report on Wednesday, January 24th. Zacks Investment Research cut Capital Product Partners from a “hold” rating to a “sell” rating in a report on Thursday, February 8th. TheStreet cut Capital Product Partners from a “b-” rating to a “c” rating in a report on Friday, February 2nd. ValuEngine cut Capital Product Partners from a “buy” rating to a “hold” rating in a report on Friday, February 2nd. Finally, Jefferies Group began coverage on Capital Product Partners in a report on Monday, December 18th. They set a “buy” rating and a $5.00 price objective on the stock. Two research analysts have rated the stock with a sell rating, two have assigned a hold rating and one has given a buy rating to the stock. The stock currently has an average rating of “Hold” and an average target price of $4.50.
Capital Product Partners Company Profile
Capital Product Partners L.P. is an international owner of tanker, container and drybulk vessels. The Company’s fleet consisted of 36 high specification vessels with an average age of approximately 7.4 years, as of December 31, 2016. As of December 31, 2016, its fleet consisted of four Suezmax crude oil tankers, 21 medium range product tankers, 10 post-panamax container carrier vessels and one Capesize bulk carrier.
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