In Hellenic Shipping News 23/03/2017
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.
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 recently weighed in on NAP. Credit Suisse Group AG cut Navios Maritime Midstream Partners to a hold rating in a report on Sunday, January 15th. Citigroup Inc cut 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 report on Thursday, January 26th. Six equities research analysts have rated the stock with a hold rating, Navios Maritime Midstream Partners has an average rating of Hold and an average price target of $11.00.
Navios Maritime Midstream Partners (NYSE:NAP) traded up 0.0545% during trading on Friday, reaching $11.5663. The company had a trading volume of 25,414 shares. Navios Maritime Midstream Partners has a one year low of $9.07 and a one year high of $14.20. The firm’s 50-day moving average price is $11.13 and its 200 day moving average price is $10.99. The firm has a market capitalization of $242.05 million, a P/E ratio of 9.6708 and a beta of 0.63.
Navios Maritime Midstream Partners (NYSE:NAP) last released its quarterly earnings results on Wednesday, January 25th. The company reported $0.28 earnings per share for the quarter, missing the consensus estimate of $0.31 by $0.03. The firm had revenue of $22.80 million for the quarter, compared to the consensus estimate of $22.92 million. Navios Maritime Midstream Partners had a net margin of 27.10% and a return on equity of 9.04%. Navios Maritime Midstream Partners’s quarterly revenue was down 11.6% compared to the same quarter last year. During the same period in the previous year, the company earned $0.44 earnings per share. Equities analysts forecast that Navios Maritime Midstream Partners will post $1.17 earnings per share for the current fiscal year.
Source: Zacks
