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.

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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.

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