Navios Maritime Midstream Partners LP (NYSE:NAP) released its earnings results on Thursday, October 19th. The shipping company reported $0.18 EPS for the quarter, missing analysts’ consensus estimates of $0.21 by ($0.03), MarketWatch Earnings reports. Navios Maritime Midstream Partners had a return on equity of 5.22% and a net margin of 16.83%. The firm had revenue of $20.74 million for the quarter, compared to the consensus estimate of $21.24 million. During the same period in the prior year, the business earned $0.26 EPS. The company’s quarterly revenue was down 6.6% on a year-over-year basis.
Shares of Navios Maritime Midstream Partners (NAP) traded down 0.77% during mid-day trading on Friday, hitting $9.01. The company had a trading volume of 148,897 shares. Navios Maritime Midstream Partners has a 12-month low of $6.55 and a 12-month high of $12.70. The firm’s 50 day moving average is $7.98 and its 200-day moving average is $9.57. The firm has a market cap of $188.73 million, a PE ratio of 10.88 and a beta of 0.57.
The business also recently declared a quarterly dividend, which will be paid on Tuesday, November 14th. Investors of record on Friday, November 10th will be issued a $0.4225 dividend. This represents a $1.69 annualized dividend and a dividend yield of 18.76%. The ex-dividend date of this dividend is Thursday, November 9th. Navios Maritime Midstream Partners’s dividend payout ratio (DPR) is 216.67%.
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Several analysts recently issued reports on the company. Zacks Investment Research downgraded Navios Maritime Midstream Partners from a “hold” rating to a “sell” rating in a report on Tuesday, August 1st. ValuEngine raised Navios Maritime Midstream Partners from a “hold” rating to a “buy” rating in a report on Tuesday, October 3rd. Finally, Citigroup Inc. raised their price target on Navios Maritime Midstream Partners from $7.00 to $8.00 and gave the stock a “neutral” rating in a report on Friday, October 20th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and one has assigned a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus target price of $9.33.
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.
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