Navios Maritime Midstream Partners (NAP) Stock Rating Lowered by Zacks Investment Research

Navios Maritime Midstream Partners (NYSE:NAP) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a note issued to investors on Wednesday, July 25th.

According to Zacks, “Navios Maritime Midstream Partners LP engages in owning, operating and acquiring crude oil tankers, refined petroleum product tankers, chemical tankers and liquefied petroleum gas tankers under long-term employment contracts. The Company charters its contracts to international oil companies, refiners and large vessel operators. It owns a fleet of four very large crude carriers (VLCCs) providing global marine transportation services. Navios Maritime Midstream Partners LP is based in Monte Carlo, Monaco. “

NAP has been the topic of several other reports. TheStreet lowered Navios Maritime Midstream Partners from a “c” rating to a “d+” rating in a research note on Monday, May 7th. ValuEngine raised Navios Maritime Midstream Partners from a “sell” rating to a “hold” rating in a research note on Thursday, June 7th. Citigroup reduced their price objective on Navios Maritime Midstream Partners from $6.50 to $4.50 and set a “neutral” rating on the stock in a research note on Friday, May 4th. Finally, JPMorgan Chase & Co. raised Navios Maritime Midstream Partners from an “underweight” rating to an “overweight” rating and set a $6.00 price objective on the stock in a research note on Friday, April 20th. Two investment analysts have rated the stock with a sell rating, one has assigned a hold rating and one has issued a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus target price of $5.25.

NAP opened at $3.33 on Wednesday. The company has a debt-to-equity ratio of 0.89, a current ratio of 7.00 and a quick ratio of 7.00. The stock has a market capitalization of $71.39 million, a price-to-earnings ratio of 4.64 and a beta of 1.13. Navios Maritime Midstream Partners has a 12 month low of $3.25 and a 12 month high of $10.40.

Navios Maritime Midstream Partners (NYSE:NAP) last released its quarterly earnings data on Thursday, July 26th. The shipping company reported $0.21 earnings per share for the quarter, missing the consensus estimate of $0.23 by ($0.02). The firm had revenue of $20.79 million during the quarter, compared to analyst estimates of $18.98 million. Navios Maritime Midstream Partners had a negative net margin of 17.05% and a positive return on equity of 6.44%. sell-side analysts forecast that Navios Maritime Midstream Partners will post 0.63 EPS for the current fiscal year.

Navios Maritime Midstream Partners Company Profile

Navios Maritime Midstream Partners L.P. owns, operates, and acquires crude oil tankers, refined petroleum product tankers, chemical tankers, and liquefied petroleum gas tankers. The company provides seaborne shipping services through its vessels under long-term employment contracts to international oil companies, refiners, and large vessel operators.

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