Navios Maritime Midstream Partners (NAP) Earning Favorable Media Coverage, Analysis Shows
Media stories about Navios Maritime Midstream Partners (NYSE:NAP) have been trending positive recently, according to Accern Sentiment Analysis. The research firm scores the sentiment of media coverage by analyzing more than twenty million blog and news sources in real time. Accern ranks coverage of companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Navios Maritime Midstream Partners earned a news sentiment score of 0.31 on Accern’s scale. Accern also assigned media stories about the shipping company an impact score of 45.2389372619259 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the near future.
Shares of Navios Maritime Midstream Partners (NYSE:NAP) traded down 1.76% during mid-day trading on Friday, hitting $7.82. The stock had a trading volume of 64,566 shares. The stock’s 50-day moving average is $7.39 and its 200 day moving average is $9.80. Navios Maritime Midstream Partners has a 12 month low of $6.55 and a 12 month high of $12.70. The company has a market cap of $163.81 million, a PE ratio of 9.44 and a beta of 0.57.
Navios Maritime Midstream Partners (NYSE:NAP) last issued its quarterly earnings data on Wednesday, July 26th. The shipping company reported $0.10 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.23 by ($0.13). The firm had revenue of $18.50 million for the quarter, compared to analysts’ expectations of $21.14 million. Navios Maritime Midstream Partners had a return on equity of 5.73% and a net margin of 18.41%. The business’s revenue for the quarter was down 18.5% compared to the same quarter last year. During the same period in the previous year, the business posted $0.28 EPS. On average, equities research analysts forecast that Navios Maritime Midstream Partners will post $0.75 earnings per share for the current fiscal year.
NAP has been the subject of a number of analyst reports. ValuEngine raised Navios Maritime Midstream Partners from a “hold” rating to a “buy” rating in a research report on Tuesday. Zacks Investment Research raised Navios Maritime Midstream Partners from a “strong sell” rating to a “hold” rating in a research report on Tuesday, July 25th. Finally, Bank of America Corporation lowered Navios Maritime Midstream Partners from a “neutral” rating to an “underperform” rating and decreased their price objective for the stock from $13.00 to $8.00 in a report on Friday, June 23rd. One investment analyst has rated the stock with a sell rating, three have given a hold rating and one has assigned a buy rating to the stock. Navios Maritime Midstream Partners currently has a consensus rating of “Hold” and an average price target of $10.33.
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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