Navios Maritime Midstream Partners LP (NAP) Receives Consensus Recommendation of “Hold” from Brokerages
Shares of Navios Maritime Midstream Partners LP (NYSE:NAP) have earned an average recommendation of “Hold” from the six analysts that are presently covering the stock, MarketBeat reports. One investment analyst has rated the stock with a sell recommendation and four have given a hold recommendation to the company. The average twelve-month target price among analysts that have issued ratings on the stock in the last year is $8.00.
Several brokerages have recently commented on NAP. ValuEngine lowered Navios Maritime Midstream Partners from a “buy” rating to a “hold” rating in a research report on Sunday. TheStreet upgraded Navios Maritime Midstream Partners from a “d+” rating to a “c” rating in a research report on Monday, November 13th. Finally, Citigroup increased their price objective on Navios Maritime Midstream Partners from $7.00 to $8.00 and gave the company a “neutral” rating in a research report on Friday, October 20th.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in NAP. Arrow Investment Advisors LLC purchased a new stake in Navios Maritime Midstream Partners in the 2nd quarter worth approximately $570,000. Virtu KCG Holdings LLC purchased a new stake in Navios Maritime Midstream Partners in the 2nd quarter worth approximately $266,000. CS Mckee LP lifted its holdings in Navios Maritime Midstream Partners by 33.0% in the 3rd quarter. CS Mckee LP now owns 64,900 shares of the shipping company’s stock worth $484,000 after buying an additional 16,100 shares during the period. Finally, CWA Asset Management Group LLC purchased a new stake in Navios Maritime Midstream Partners in the 2nd quarter worth approximately $133,000. Institutional investors and hedge funds own 10.85% of the company’s stock.
Navios Maritime Midstream Partners (NYSE:NAP) last announced its earnings results on Thursday, October 19th. The shipping company reported $0.18 earnings per share for the quarter, missing analysts’ consensus estimates of $0.21 by ($0.03). The business had revenue of $20.74 million during the quarter, compared to the consensus estimate of $21.24 million. Navios Maritime Midstream Partners had a return on equity of 5.22% and a net margin of 16.83%. Navios Maritime Midstream Partners’s revenue was down 6.6% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.26 earnings per share. equities analysts predict that Navios Maritime Midstream Partners will post 0.69 earnings per share for the current fiscal year.
COPYRIGHT VIOLATION NOTICE: This article was reported by American Banking News and is owned by of American Banking News. If you are viewing this article on another website, it was stolen and republished in violation of U.S. & international copyright & trademark legislation. The legal version of this article can be accessed at https://www.americanbankingnews.com/2018/01/04/navios-maritime-midstream-partners-lp-nap-receives-consensus-recommendation-of-hold-from-brokerages.html.
About Navios Maritime Midstream Partners
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.
Receive News & Ratings for Navios Maritime Midstream Partners Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Navios Maritime Midstream Partners and related companies with MarketBeat.com's FREE daily email newsletter.