Navios Maritime Midstream Partners LP (NYSE:NAP) was downgraded by analysts at Citigroup Inc. from a “buy” rating to a “neutral” rating in a research note issued on Thursday.
Several other analysts also recently weighed in on NAP. Zacks Investment Research upgraded Navios Maritime Midstream Partners from a “strong sell” rating to a “hold” rating in a research note on Tuesday, October 4th. Credit Suisse Group restated a “buy” rating and set a $13.00 target price on shares of Navios Maritime Midstream Partners in a research note on Monday, October 17th. One research analyst has rated the stock with a sell rating and five have given a hold rating to the stock. The company presently has a consensus rating of “Hold” and a consensus price target of $11.25.
Navios Maritime Midstream Partners (NYSE:NAP) traded down 3.36% during mid-day trading on Thursday, reaching $11.50. The company’s stock had a trading volume of 143,381 shares. Navios Maritime Midstream Partners has a 12 month low of $8.51 and a 12 month high of $14.20. The stock’s 50-day moving average is $11.17 and its 200-day moving average is $11.31. The firm has a market capitalization of $236.38 million, a PE ratio of 9.50 and a beta of 0.58.
Navios Maritime Midstream Partners (NYSE:NAP) last announced its 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 business had revenue of $22.80 million for the quarter, compared to analyst estimates of $22.92 million. Navios Maritime Midstream Partners had a net margin of 27.10% and a return on equity of 9.01%. The firm’s revenue was down 11.6% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.44 earnings per share. On average, equities analysts anticipate that Navios Maritime Midstream Partners will post $1.20 EPS for the current year.
The company also recently declared a quarterly dividend, which will be paid on Tuesday, February 14th. Investors of record on Thursday, February 9th will be paid a $0.4225 dividend. The ex-dividend date of this dividend is Tuesday, February 7th. This represents a $1.69 dividend on an annualized basis and a yield of 14.20%. Navios Maritime Midstream Partners’s dividend payout ratio (DPR) is 143.22%.
A number of institutional investors have recently modified their holdings of NAP. Advisory Research Inc. boosted its position in shares of Navios Maritime Midstream Partners by 1.1% in the second quarter. Advisory Research Inc. now owns 1,619,000 shares of the company’s stock worth $19,055,000 after buying an additional 17,000 shares in the last quarter. KCG Holdings Inc. acquired a new position in shares of Navios Maritime Midstream Partners during the second quarter worth about $166,000. Finally, BlackRock Institutional Trust Company N.A. boosted its position in shares of Navios Maritime Midstream Partners by 46.2% in the second quarter. BlackRock Institutional Trust Company N.A. now owns 14,797 shares of the company’s stock worth $174,000 after buying an additional 4,674 shares in the last quarter. 31.83% of the stock is currently owned by hedge funds and other institutional investors.
Navios Maritime Midstream Partners Company Profile
Navios Maritime Midstream Partners L.P. is a holding company. The Company is a limited partnership formed to own, operate and acquire crude oil tankers under long-term employment contracts. The Company may also seek to own, operate and acquire refined petroleum product tankers, chemical tankers and liquefied petroleum gas (LPG) tankers under long-term employment contracts.