JPMorgan Chase & Co. cut shares of Navios Maritime Midstream Partners (NYSE:NAP) from a neutral rating to an underweight rating in a research report released on Friday morning. JPMorgan Chase & Co. currently has $7.00 target price on the shipping company’s stock.
A number of other analysts have also recently weighed in on the company. TheStreet cut Navios Maritime Midstream Partners from a b- rating to a c+ rating in a research report on Monday, February 26th. ValuEngine lowered Navios Maritime Midstream Partners from a buy rating to a hold rating in a research note on Friday, February 2nd. Two analysts have rated the stock with a sell rating and three have assigned a hold rating to the company’s stock. Navios Maritime Midstream Partners has a consensus rating of Hold and a consensus price target of $7.67.
Navios Maritime Midstream Partners (NYSE:NAP) traded down $0.31 during trading on Friday, hitting $8.82. The stock had a trading volume of 109,966 shares, compared to its average volume of 59,377. The company has a debt-to-equity ratio of 0.77, a current ratio of 12.59 and a quick ratio of 12.59. The firm has a market cap of $195.13, a PE ratio of 13.04, a price-to-earnings-growth ratio of 2.78 and a beta of 0.68. Navios Maritime Midstream Partners has a 52-week low of $6.55 and a 52-week high of $12.24.
Hedge funds have recently modified their holdings of the stock. Citadel Advisors LLC purchased a new position in Navios Maritime Midstream Partners in the 4th quarter worth $213,000. Virtu Financial LLC raised its stake in Navios Maritime Midstream Partners by 139.1% in the 4th quarter. Virtu Financial LLC now owns 34,693 shares of the shipping company’s stock worth $330,000 after acquiring an additional 20,183 shares during the last quarter. Finally, CS Mckee LP raised its stake in Navios Maritime Midstream Partners by 33.0% in the 3rd quarter. CS Mckee LP now owns 64,900 shares of the shipping company’s stock worth $484,000 after acquiring an additional 16,100 shares during the last quarter. Institutional investors own 9.33% of the company’s stock.
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Navios Maritime Midstream Partners Company Profile
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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