Navios Maritime Midstream Partners LP (NAP) Upgraded to “Hold” by Zacks Investment Research
Zacks Investment Research upgraded shares of Navios Maritime Midstream Partners LP (NYSE:NAP) from a sell rating to a hold rating in a research report sent to investors on Saturday morning.
According to Zacks, “Navios Maritime Midstream Partners LP engages in owning, operating and acquiring crude oil tankers, refined petroleum product tankers, chemical tankers and liquefied petroleum gas tankers under long-term employment contracts. The Company charters its contracts to international oil companies, refiners and large vessel operators. It owns a fleet of four very large crude carriers (VLCCs) providing global marine transportation services. Navios Maritime Midstream Partners LP is based in Monte Carlo, Monaco. “
Several other research firms have also issued reports on NAP. Credit Suisse Group AG lowered shares of Navios Maritime Midstream Partners to a hold rating in a research report on Sunday, January 15th. Citigroup Inc lowered shares of Navios Maritime Midstream Partners from a buy rating to a neutral rating and lowered their price target for the company from $13.00 to $11.00 in a research report on Thursday, January 26th. Six investment analysts have rated the stock with a hold rating, Navios Maritime Midstream Partners has a consensus rating of Hold and a consensus target price of $11.00.
Shares of Navios Maritime Midstream Partners (NYSE:NAP) opened at 11.00 on Friday. Navios Maritime Midstream Partners has a 12 month low of $9.07 and a 12 month high of $14.20. The firm has a 50-day moving average of $11.23 and a 200-day moving average of $11.00. The firm has a market cap of $226.72 million, a price-to-earnings ratio of 9.29 and a beta of 0.63.
Navios Maritime Midstream Partners (NYSE:NAP) last posted its quarterly earnings results on Wednesday, January 25th. The company reported $0.28 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.31 by $0.03. Navios Maritime Midstream Partners had a net margin of 27.10% and a return on equity of 9.04%. The business earned $22.80 million during the quarter, compared to the consensus estimate of $22.92 million. During the same period last year, the firm earned $0.44 EPS. The business’s revenue for the quarter was down 11.6% on a year-over-year basis. On average, analysts anticipate that Navios Maritime Midstream Partners will post $1.17 EPS for the current year.
The firm also recently declared a quarterly dividend, which was paid on Tuesday, February 14th. Stockholders of record on Thursday, February 9th were given a $0.4225 dividend. This represents a $1.69 annualized dividend and a dividend yield of 15.36%. The ex-dividend date was Tuesday, February 7th. Navios Maritime Midstream Partners’s dividend payout ratio (DPR) is currently 143.22%.
A hedge fund recently raised its stake in Navios Maritime Midstream Partners stock. Advisory Research Inc. boosted its position in Navios Maritime Midstream Partners LP (NYSE:NAP) by 1.1% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,619,000 shares of the company’s stock after buying an additional 17,000 shares during the period. Advisory Research Inc. owned approximately 7.98% of Navios Maritime Midstream Partners worth $19,055,000 at the end of the most recent quarter. 31.66% of the stock is owned by institutional investors.