News stories about Navios Maritime Midstream Partners (NYSE:NAP) have been trending somewhat positive on Tuesday, according to Accern. Accern scores the sentiment of news coverage by reviewing more than twenty million blog and news sources in real-time. Accern ranks coverage of companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Navios Maritime Midstream Partners earned a media sentiment score of 0.06 on Accern’s scale. Accern also gave news headlines about the shipping company an impact score of 47.3927373597068 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the near future.
Shares of Navios Maritime Midstream Partners (NAP) traded down 0.55% on Tuesday, reaching $9.05. 12,350 shares of the company traded hands. The firm has a market capitalization of $189.57 million, a P/E ratio of 10.93 and a beta of 0.52. The stock has a 50-day moving average price of $9.93 and a 200 day moving average price of $10.78. Navios Maritime Midstream Partners has a 1-year low of $8.72 and a 1-year high of $12.70.
Navios Maritime Midstream Partners (NYSE:NAP) last released its quarterly 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 return on equity of 5.73% and a net margin of 18.41%. The firm had revenue of $18.50 million for the quarter, compared to analysts’ expectations of $21.14 million. During the same period in the prior year, the firm posted $0.28 earnings per share. Navios Maritime Midstream Partners’s revenue for the quarter was down 18.5% on a year-over-year basis. Analysts anticipate that Navios Maritime Midstream Partners will post $0.76 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which was paid on Friday, August 11th. Stockholders of record on Tuesday, August 8th were issued a $0.4225 dividend. The ex-dividend date was Friday, August 4th. This represents a $1.69 annualized dividend and a dividend yield of 18.57%. Navios Maritime Midstream Partners’s dividend payout ratio is currently 196.51%.
NAP has been the subject of a number of recent analyst reports. Zacks Investment Research upgraded shares of Navios Maritime Midstream Partners from a “strong sell” rating to a “hold” rating in a research report on Tuesday, July 25th. ValuEngine lowered shares of Navios Maritime Midstream Partners from a “buy” rating to a “hold” rating in a research report on Friday, June 2nd. Finally, Bank of America Corporation lowered shares of Navios Maritime Midstream Partners from a “neutral” rating to an “underperform” rating and reduced their price target for the company from $13.00 to $8.00 in a research report on Friday, June 23rd. Two equities research analysts have rated the stock with a sell rating and three have issued a hold rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus price target of $10.33.
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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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