News headlines about Navios Maritime Midstream Partners (NYSE:NAP) have been trending somewhat positive on Thursday, according to Accern Sentiment Analysis. The research firm identifies negative and positive press coverage by analyzing more than twenty million blog and news sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores closest to one being the most favorable. Navios Maritime Midstream Partners earned a daily sentiment score of 0.06 on Accern’s scale. Accern also assigned news articles about the shipping company an impact score of 47.3927373597068 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the next few days.
Here are some of the media stories that may have impacted Accern’s rankings:
- Navios Maritime Midstream Partners (NAP) vs. CAI International (CAI) Head to Head Comparison (americanbankingnews.com)
- Hitting the Pavement on Shares of Navios Maritime Midstream Partners LP (NAP) - Financial News Review (finnewsreview.com)
- Crude Tanker Supply Side Update (July 2017) - Seeking Alpha (seekingalpha.com)
- Navios Maritime Midstream Partners LP Reports Financial Results for the Second Quarter and Six Months ended June … - Marine Log (marinelog.com)
- Navios Maritime Midstream posts 2Q profit (finance.yahoo.com)
NAP has been the topic of several recent research reports. ValuEngine cut Navios Maritime Midstream Partners from a “buy” rating to a “hold” rating in a research report on Friday, June 2nd. Zacks Investment Research cut Navios Maritime Midstream Partners from a “hold” rating to a “sell” rating in a research report on Friday, April 21st. Finally, Bank of America Corporation cut Navios Maritime Midstream Partners from a “neutral” rating to an “underperform” rating and dropped their target price for the company from $13.00 to $8.00 in a research report on Friday, June 23rd. One investment analyst has rated the stock with a sell rating and five have assigned a hold rating to the stock. Navios Maritime Midstream Partners has a consensus rating of “Hold” and an average target price of $9.75.
Shares of Navios Maritime Midstream Partners (NYSE NAP) traded down 2.18% during mid-day trading on Thursday, reaching $10.34. The company’s stock had a trading volume of 72,292 shares. Navios Maritime Midstream Partners has a one year low of $9.07 and a one year high of $14.20. The stock has a 50 day moving average of $10.04 and a 200-day moving average of $10.95. The stock has a market cap of $216.39 million, a P/E ratio of 10.12 and a beta of 0.47.
Navios Maritime Midstream Partners (NYSE:NAP) last announced its earnings results on Wednesday, July 26th. The shipping company reported $0.10 EPS for the quarter, missing analysts’ consensus estimates of $0.23 by $0.13. Navios Maritime Midstream Partners had a net margin of 21.97% and a return on equity of 7.12%. The business had revenue of $18.50 million during the quarter, compared to analysts’ expectations of $21.14 million. During the same period in the previous year, the company posted $0.28 earnings per share. Navios Maritime Midstream Partners’s quarterly revenue was down 18.5% on a year-over-year basis. On average, equities research analysts expect that Navios Maritime Midstream Partners will post $0.76 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, August 11th. Stockholders of record on Tuesday, August 8th will be issued a $0.4225 dividend. The ex-dividend date is Friday, August 4th. This represents a $1.69 dividend on an annualized basis and a dividend yield of 16.34%. Navios Maritime Midstream Partners’s payout ratio is 162.50%.
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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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