Navios Maritime Midstream Partners LP (NAP) Rating Lowered to Neutral at Citigroup Inc.

Navios Maritime Midstream Partners LP (NAP) Rating Lowered to Neutral at Citigroup Inc.

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.

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