Shares of Navios Maritime Midstream Partners LP (NYSE:NAP) have been given an average recommendation of “Hold” by the six ratings firms that are currently covering the stock, Marketbeat.com reports. One analyst has rated the stock with a sell recommendation, three have given a hold recommendation and one has given a buy recommendation to the company. The average twelve-month price target among analysts that have updated their coverage on the stock in the last year is $8.00.
A number of equities research analysts have recently issued reports on the stock. Citigroup upped their target price on shares of Navios Maritime Midstream Partners from $7.00 to $8.00 and gave the company a “neutral” rating in a research note on Friday, October 20th. TheStreet upgraded shares of Navios Maritime Midstream Partners from a “d+” rating to a “c” rating in a research note on Monday, November 13th. ValuEngine lowered shares of Navios Maritime Midstream Partners from a “buy” rating to a “hold” rating in a research note on Friday, September 1st. Finally, Zacks Investment Research upgraded shares of Navios Maritime Midstream Partners from a “sell” rating to a “hold” rating in a research note on Wednesday, August 23rd.
Navios Maritime Midstream Partners (NYSE NAP) traded up $0.42 during mid-day trading on Friday, hitting $8.11. The stock had a trading volume of 472,700 shares, compared to its average volume of 105,264. The firm has a market cap of $164.36, a P/E ratio of 9.86, a price-to-earnings-growth ratio of 2.77 and a beta of 0.62. The company has a current ratio of 12.24, a quick ratio of 12.24 and a debt-to-equity ratio of 0.75. Navios Maritime Midstream Partners has a 1-year low of $6.55 and a 1-year high of $12.70.
Navios Maritime Midstream Partners (NYSE:NAP) last released its quarterly earnings data on Thursday, October 19th. The shipping company reported $0.18 EPS for the quarter, missing analysts’ consensus estimates of $0.21 by ($0.03). The firm had revenue of $20.74 million for the quarter, compared to analyst estimates of $21.24 million. Navios Maritime Midstream Partners had a return on equity of 5.22% and a net margin of 16.83%. The company’s quarterly revenue was down 6.6% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.26 earnings per share. equities analysts forecast that Navios Maritime Midstream Partners will post 0.69 earnings per share for the current year.
The business also recently announced a quarterly dividend, which was paid on Tuesday, November 14th. Stockholders of record on Friday, November 10th were paid a $0.4225 dividend. The ex-dividend date of this dividend was Thursday, November 9th. This represents a $1.69 dividend on an annualized basis and a dividend yield of 20.84%. Navios Maritime Midstream Partners’s dividend payout ratio (DPR) is presently 216.67%.
Several institutional investors have recently modified their holdings of NAP. CWA Asset Management Group LLC acquired a new stake in shares of Navios Maritime Midstream Partners in the 2nd quarter valued at about $133,000. Arrow Investment Advisors LLC acquired a new stake in Navios Maritime Midstream Partners during the second quarter worth about $570,000. Virtu KCG Holdings LLC acquired a new stake in Navios Maritime Midstream Partners during the second quarter worth about $266,000. Finally, CS Mckee LP raised its stake in Navios Maritime Midstream Partners by 33.0% during the third quarter. CS Mckee LP now owns 64,900 shares of the shipping company’s stock worth $484,000 after acquiring an additional 16,100 shares during the period. Institutional investors and hedge funds own 10.99% of the company’s stock.
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About Navios Maritime Midstream Partners
Navios Maritime Midstream Partners L.P. (Navios Midstream) is a holding company. The Company’s principal activity is to own, operate and acquire crude oil tankers under long-term employment contracts, as well as refined petroleum product tankers, chemical tankers, and liquefied petroleum gas (LPG) tankers under long-term employment contracts.
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