Capital Product Partners (CPLP) Receiving Somewhat Favorable News Coverage, Analysis Shows
News headlines about Capital Product Partners (NASDAQ:CPLP) have trended somewhat positive recently, Accern Sentiment reports. The research group identifies negative and positive press coverage by monitoring more than twenty million blog and news sources. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Capital Product Partners earned a daily sentiment score of 0.16 on Accern’s scale. Accern also assigned media headlines about the shipping company an impact score of 46.5531953676052 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the near term.
These are some of the media headlines that may have effected Accern’s analysis:
- Capital Product Partners Purchases Tanker with Time Charter Attached (maritime-executive.com)
- Capital Product Partners L.P. (CPLP) Expected to Post Quarterly Sales of $59.96 Million (americanbankingnews.com)
- Capital Product Partners (CPLP) Announces Acquisition of Aframax M/T ‘Aristaios’ (streetinsider.com)
- Capital Product Partners L.P. Announces Acquisition of Aframax M/T ‘Aristaios’ with Four Year Remaining Time Charter Attached (finance.yahoo.com)
- CITIC Capital buys Axilone (pehub.com)
CPLP has been the subject of a number of research reports. ValuEngine raised Capital Product Partners from a “hold” rating to a “buy” rating in a report on Tuesday, October 3rd. Jefferies Group initiated coverage on Capital Product Partners in a report on Monday, December 18th. They set a “buy” rating and a $5.00 target price for the company. Zacks Investment Research raised Capital Product Partners from a “sell” rating to a “hold” rating in a report on Tuesday, November 14th. Finally, BidaskClub raised Capital Product Partners from a “strong sell” rating to a “sell” rating in a report on Tuesday, December 12th. Two analysts have rated the stock with a sell rating, one has assigned a hold rating and four have issued a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus target price of $4.75.
Capital Product Partners (CPLP) remained flat at $$3.51 during trading on Friday. The stock had a trading volume of 310,000 shares, compared to its average volume of 448,750. The company has a debt-to-equity ratio of 0.46, a current ratio of 0.81 and a quick ratio of 0.79. Capital Product Partners has a 12-month low of $3.10 and a 12-month high of $4.00. The stock has a market cap of $480.20, a price-to-earnings ratio of 12.54 and a beta of 1.58.
Capital Product Partners (NASDAQ:CPLP) last released its earnings results on Friday, October 27th. The shipping company reported $0.05 EPS for the quarter, hitting the Zacks’ consensus estimate of $0.05. Capital Product Partners had a return on equity of 4.70% and a net margin of 17.17%. The firm had revenue of $62.68 million during the quarter, compared to the consensus estimate of $59.71 million. equities analysts expect that Capital Product Partners will post 0.24 earnings per share for the current fiscal year.
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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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