Navios Maritime Midstream Partners LP (NYSE:NAP)‘s stock had its “buy” rating reiterated by equities research analysts at Credit Suisse Group AG in a research report issued on Monday. They currently have a $13.00 price objective on the stock. Credit Suisse Group AG’s target price indicates a potential upside of 19.71% from the company’s current price.

NAP has been the topic of a number of other research reports. Zacks Investment Research upgraded Navios Maritime Midstream Partners from a “strong sell” rating to a “hold” rating in a report on Wednesday, June 29th. JPMorgan Chase & Co. reiterated a “hold” rating and set a $8.00 price target on shares of Navios Maritime Midstream Partners in a report on Friday, July 29th. Finally, Bank of America Corp. lowered Navios Maritime Midstream Partners from a “buy” rating to a “neutral” rating and set a $13.00 price target on the stock. in a report on Monday, August 1st. Four analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. Navios Maritime Midstream Partners has an average rating of “Hold” and an average target price of $11.50.

Navios Maritime Midstream Partners (NYSE:NAP) opened at 10.86 on Monday. Navios Maritime Midstream Partners has a 52-week low of $6.58 and a 52-week high of $15.21. The firm’s 50 day moving average price is $10.86 and its 200 day moving average price is $11.67. The firm has a market cap of $220.22 million, a price-to-earnings ratio of 7.67 and a beta of 0.89.

Navios Maritime Midstream Partners (NYSE:NAP) last posted its earnings results on Thursday, July 28th. The company reported $0.28 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.33 by $0.05. Navios Maritime Midstream Partners had a net margin of 30.21% and a return on equity of 10.35%. The company earned $22.69 million during the quarter, compared to the consensus estimate of $23.17 million. During the same quarter in the prior year, the business earned $0.34 EPS. The firm’s revenue for the quarter was up 23.7% compared to the same quarter last year. Equities research analysts anticipate that Navios Maritime Midstream Partners will post $1.33 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Thursday, November 10th. Investors of record on Tuesday, November 8th will be issued a $0.4225 dividend. The ex-dividend date of this dividend is Friday, November 4th. This represents a $1.69 dividend on an annualized basis and a yield of 15.56%. Navios Maritime Midstream Partners’s dividend payout ratio is currently 122.46%.

A number of institutional investors have recently made changes to their positions in NAP. BlackRock Institutional Trust Company N.A. raised its stake in shares of Navios Maritime Midstream Partners by 46.2% in the second quarter. BlackRock Institutional Trust Company N.A. now owns 14,797 shares of the company’s stock worth $174,000 after buying an additional 4,674 shares during the last quarter. Berson & Corrado Investment Advisors LLC raised its stake in shares of Navios Maritime Midstream Partners by 11.7% in the second quarter. Berson & Corrado Investment Advisors LLC now owns 48,320 shares of the company’s stock worth $569,000 after buying an additional 5,075 shares during the last quarter. Renaissance Technologies LLC acquired a new stake in shares of Navios Maritime Midstream Partners during the first quarter worth about $103,000. KCG Holdings Inc. acquired a new stake in shares of Navios Maritime Midstream Partners during the second quarter worth about $166,000. Finally, Advisory Research Inc. raised its stake in shares of Navios Maritime Midstream Partners by 1.1% in the second quarter. Advisory Research Inc. now owns 1,619,000 shares of the company’s stock worth $19,055,000 after buying an additional 17,000 shares during the last quarter. 35.44% of the stock is currently owned by institutional investors.

Navios Maritime Midstream Partners Company Profile

Navios Maritime Midstream Partners L.P. is a holding company. The Company is a limited partnership formed to own, operate and acquire crude oil tankers under long-term employment contracts. The Company may also seek to own, operate and acquire refined petroleum product tankers, chemical tankers and liquefied petroleum gas (LPG) tankers under long-term employment contracts.

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