Navios Maritime Midstream Partners’ (NAP) “Buy” Rating Reaffirmed at Credit Suisse Group AG

Navios Maritime Midstream Partners LP (NYSE:NAP)‘s stock had its “buy” rating reaffirmed by equities researchers at Credit Suisse Group AG in a note issued to investors on Monday. They currently have a $13.00 price target on the stock. Credit Suisse Group AG’s target price would suggest a potential upside of 28.71% from the company’s previous close.

Other equities analysts have also issued research reports about the company. Zacks Investment Research raised Navios Maritime Midstream Partners from a “strong sell” rating to a “hold” rating in a research note on Tuesday, October 4th. JPMorgan Chase & Co. reaffirmed a “hold” rating and issued a $8.00 price objective on shares of Navios Maritime Midstream Partners in a research note 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 objective for the company. in a research note on Monday, August 1st. Four investment analysts have rated the stock with a hold rating and one has given a buy rating to the stock. The company has a consensus rating of “Hold” and an average price target of $11.50.

Navios Maritime Midstream Partners (NYSE:NAP) opened at 10.10 on Monday. The company has a market capitalization of $204.81 million, a price-to-earnings ratio of 7.13 and a beta of 0.90. The company’s 50-day moving average price is $10.90 and its 200 day moving average price is $11.64. Navios Maritime Midstream Partners has a 52-week low of $6.58 and a 52-week high of $15.21.

Navios Maritime Midstream Partners (NYSE:NAP) last released its quarterly earnings data on Thursday, July 28th. The company reported $0.28 earnings per share for the quarter, missing analysts’ consensus estimates of $0.33 by $0.05. The business earned $22.69 million during the quarter, compared to the consensus estimate of $23.17 million. Navios Maritime Midstream Partners had a return on equity of 10.35% and a net margin of 30.21%. The business’s revenue was up 23.7% on a year-over-year basis. During the same period last year, the company earned $0.34 EPS. On average, equities analysts expect that Navios Maritime Midstream Partners will post $1.33 EPS for the current fiscal year.

Several institutional investors have recently added to or reduced their stakes in the company. BlackRock Institutional Trust Company N.A. raised its position in 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 period. Berson & Corrado Investment Advisors LLC raised its position in 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 period. Renaissance Technologies LLC purchased a new stake in Navios Maritime Midstream Partners during the first quarter worth approximately $103,000. KCG Holdings Inc. purchased a new stake in Navios Maritime Midstream Partners during the second quarter worth approximately $166,000. Finally, Advisory Research Inc. increased its stake in 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 in the last quarter. 35.44% of the stock is owned by hedge funds and other institutional investors.

About Navios Maritime Midstream Partners

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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