Navios Maritime Midstream Partners LP (NAP) Raised to “Buy” at ValuEngine
Navios Maritime Midstream Partners LP (NYSE:NAP) was upgraded by equities research analysts at ValuEngine from a “hold” rating to a “buy” rating in a research report issued to clients and investors on Tuesday, October 3rd.
Several other analysts also recently weighed in on the company. Zacks Investment Research downgraded Navios Maritime Midstream Partners from a “hold” rating to a “sell” rating in a research note on Tuesday, August 1st. Bank of America Corporation downgraded Navios Maritime Midstream Partners from a “neutral” rating to an “underperform” rating and cut their target price for the stock from $13.00 to $8.00 in a research report on Friday, June 23rd. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and one has assigned a buy rating to the stock. The stock has an average rating of “Hold” and an average target price of $10.33.
Shares of Navios Maritime Midstream Partners (NYSE NAP) traded down 1.02% on Tuesday, hitting $8.71. 94,818 shares of the stock were exchanged. The company’s 50 day moving average is $7.54 and its 200-day moving average is $9.70. The stock has a market cap of $182.45 million, a PE ratio of 10.52 and a beta of 0.57. Navios Maritime Midstream Partners has a 52-week low of $6.55 and a 52-week high of $12.70.
Navios Maritime Midstream Partners (NYSE:NAP) last announced its quarterly earnings data on Wednesday, July 26th. The shipping company reported $0.10 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.23 by ($0.13). Navios Maritime Midstream Partners had a return on equity of 5.73% and a net margin of 18.41%. The business had revenue of $18.50 million during the quarter, compared to analysts’ expectations of $21.14 million. During the same period in the prior year, the company posted $0.28 earnings per share. The firm’s revenue was down 18.5% on a year-over-year basis. Analysts predict that Navios Maritime Midstream Partners will post $0.75 EPS for the current fiscal year.
TRADEMARK VIOLATION WARNING: “Navios Maritime Midstream Partners LP (NAP) Raised to “Buy” at ValuEngine” was first published by Marea Informative and is owned by of Marea Informative. If you are accessing this piece on another site, it was illegally copied and reposted in violation of United States and international trademark and copyright legislation. The original version of this piece can be viewed at http://www.mareainformativa.com/navios-maritime-midstream-partners-lp-nap-stock-rating-upgraded-by-valuengine/116762/.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. CWA Asset Management Group LLC acquired a new stake in shares of Navios Maritime Midstream Partners in the 2nd quarter valued at $133,000. Virtu KCG Holdings LLC acquired a new stake in shares of Navios Maritime Midstream Partners during the second quarter worth $266,000. Finally, Arrow Investment Advisors LLC acquired a new stake in shares of Navios Maritime Midstream Partners during the second quarter worth $570,000. 27.83% of the stock is owned by institutional investors.
Navios Maritime Midstream Partners Company Profile
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.
To view ValuEngine’s full report, visit ValuEngine’s official website.
Receive News & Stock Ratings for Navios Maritime Midstream Partners LP Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Navios Maritime Midstream Partners LP and related stocks with our FREE daily email newsletter.