Navios Maritime Midstream Partners LP (NAP) Lifted to “C” at TheStreet
Other research analysts also recently issued research reports about the stock. ValuEngine upgraded shares of Navios Maritime Midstream Partners from a hold rating to a buy rating in a research report on Tuesday, October 3rd. Zacks Investment Research upgraded shares of Navios Maritime Midstream Partners from a sell rating to a hold rating in a research report on Wednesday, August 23rd. Finally, Citigroup Inc. upped their price target on shares of Navios Maritime Midstream Partners from $7.00 to $8.00 and gave the stock a neutral rating in a research report on Friday, October 20th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and one has issued a buy rating to the stock. The stock presently has an average rating of Hold and a consensus price target of $9.33.
Shares of Navios Maritime Midstream Partners (NYSE NAP) opened at $7.65 on Monday. Navios Maritime Midstream Partners has a 52 week low of $6.55 and a 52 week high of $12.70. The company has a quick ratio of 12.24, a current ratio of 12.24 and a debt-to-equity ratio of 0.75. The company has a market cap of $150.18 and a price-to-earnings ratio of 10.04.
Navios Maritime Midstream Partners (NYSE:NAP) last issued its earnings results on Thursday, October 19th. The shipping company reported $0.18 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.21 by ($0.03). Navios Maritime Midstream Partners had a net margin of 16.83% and a return on equity of 5.22%. The firm had revenue of $20.74 million during the quarter, compared to analyst estimates of $21.24 million. The firm’s revenue for the quarter was down 6.6% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.26 EPS. sell-side analysts expect that Navios Maritime Midstream Partners will post 0.69 earnings per share for the current fiscal year.
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The business also recently declared a quarterly dividend, which was paid on Tuesday, November 14th. Investors of record on Friday, November 10th were given a dividend of $0.4225 per share. The ex-dividend date was Thursday, November 9th. This represents a $1.69 annualized dividend and a yield of 22.09%. Navios Maritime Midstream Partners’s dividend payout ratio (DPR) is 219.48%.
A number of hedge funds and other institutional investors have recently modified their holdings of NAP. CWA Asset Management Group LLC acquired a new position in Navios Maritime Midstream Partners during the 2nd quarter worth about $133,000. Virtu KCG Holdings LLC acquired a new position in Navios Maritime Midstream Partners during the 2nd quarter worth about $266,000. CS Mckee LP raised its holdings in Navios Maritime Midstream Partners by 33.0% during the 3rd quarter. CS Mckee LP now owns 64,900 shares of the shipping company’s stock worth $484,000 after purchasing an additional 16,100 shares during the last quarter. Finally, Arrow Investment Advisors LLC bought a new stake in Navios Maritime Midstream Partners during the 2nd quarter worth about $570,000. Institutional investors and hedge funds own 27.78% of the company’s stock.
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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