Navios Maritime Midstream Partners (NAP) Lowered to Underweight at JPMorgan Chase & Co.

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.

Navios Maritime Midstream Partners (NYSE:NAP) last posted its quarterly earnings data on Wednesday, January 31st. The shipping company reported $0.20 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.22 by ($0.02). The business had revenue of $22.70 million during the quarter, compared to analyst estimates of $21.32 million. Navios Maritime Midstream Partners had a return on equity of 4.64% and a net margin of 14.73%. equities research analysts forecast that Navios Maritime Midstream Partners will post 0.82 EPS for the current year.

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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