Head-To-Head Analysis: Navios Maritime Midstream Partners (NAP) & Seanergy Maritime (NASDAQ:SHIP)

Navios Maritime Midstream Partners (NYSE: NAP) and Seanergy Maritime (NASDAQ:SHIP) are both small-cap industrials companies, but which is the better stock? We will compare the two businesses based on the strength of their profitability, institutional ownership, earnings, risk, valuation, dividends and analyst recommendations.

Dividends

Navios Maritime Midstream Partners pays an annual dividend of $1.69 per share and has a dividend yield of 17.8%. Seanergy Maritime does not pay a dividend. Navios Maritime Midstream Partners pays out 219.5% of its earnings in the form of a dividend, suggesting it may not have sufficient earnings to cover its dividend payment in the future. Seanergy Maritime has increased its dividend for 2 consecutive years.

Insider and Institutional Ownership

10.9% of Navios Maritime Midstream Partners shares are held by institutional investors. Comparatively, 0.4% of Seanergy Maritime shares are held by institutional investors. Strong institutional ownership is an indication that hedge funds, large money managers and endowments believe a stock will outperform the market over the long term.

Profitability

This table compares Navios Maritime Midstream Partners and Seanergy Maritime’s net margins, return on equity and return on assets.

Net Margins Return on Equity Return on Assets
Navios Maritime Midstream Partners 16.83% 5.22% 2.98%
Seanergy Maritime -16.30% -32.51% -3.76%

Risk & Volatility

Navios Maritime Midstream Partners has a beta of 0.63, suggesting that its share price is 37% less volatile than the S&P 500. Comparatively, Seanergy Maritime has a beta of 1.53, suggesting that its share price is 53% more volatile than the S&P 500.

Analyst Recommendations

This is a breakdown of current recommendations and price targets for Navios Maritime Midstream Partners and Seanergy Maritime, as reported by MarketBeat.

Sell Ratings Hold Ratings Buy Ratings Strong Buy Ratings Rating Score
Navios Maritime Midstream Partners 1 2 0 0 1.67
Seanergy Maritime 0 0 1 0 3.00

Navios Maritime Midstream Partners currently has a consensus price target of $9.33, indicating a potential downside of 1.86%. Seanergy Maritime has a consensus price target of $3.00, indicating a potential upside of 175.23%. Given Seanergy Maritime’s stronger consensus rating and higher possible upside, analysts plainly believe Seanergy Maritime is more favorable than Navios Maritime Midstream Partners.

Valuation and Earnings

This table compares Navios Maritime Midstream Partners and Seanergy Maritime’s gross revenue, earnings per share (EPS) and valuation.

Gross Revenue Price/Sales Ratio Net Income Earnings Per Share Price/Earnings Ratio
Navios Maritime Midstream Partners $91.83 million 2.21 $24.89 million $0.77 12.35
Seanergy Maritime $34.66 million 1.16 -$24.62 million ($0.39) -2.79

Navios Maritime Midstream Partners has higher revenue and earnings than Seanergy Maritime. Seanergy Maritime is trading at a lower price-to-earnings ratio than Navios Maritime Midstream Partners, indicating that it is currently the more affordable of the two stocks.

Summary

Navios Maritime Midstream Partners beats Seanergy Maritime on 10 of the 16 factors compared between the two stocks.

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. The Company focuses to charter its vessels under long-term employment contracts to international oil companies, refiners and large vessel operators. As of December 31, 2016, the Company had a fleet consists of six very large crude carriers (VLCCs), which had an average remaining employment term of approximately 4.2 years. Its VLCC vessels include Shinyo Ocean, Shinyo Kannika, Shinyo Saowalak, Shinyo Kieran, C. Dream and Nave Celeste. The Company also provides seaborne shipping services under long-term time charters.

Seanergy Maritime Company Profile

Seanergy Maritime Holdings Corp. is an international shipping company. The Company provides marine dry bulk transportation services through the ownership and operation of dry bulk vessels. It owns a modern fleet of eleven dry bulk carriers, consisting of nine Capesizes and two Supramaxes, with a combined cargo-carrying capacity of approximately 1,682,582 deadweight tonnages (dwt) and an average fleet age of about 8.1 years. Its fleet comprises vessels, including Leadership, Gloriuship, Geniuship, Premiership, Squireship, Championship, Gladiatorship and Guardianship. The Company’s subsidiaries, which are all, owned by it either directly or indirectly, conduct all of its operations and own all of its operating assets. The Company manages its vessel’s operations, insurances and bunkering, and has the general supervision of its third-party technical and commercial managers. V.Ships Limited, which is an independent third party, provides technical management for its vessels.

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