Capital Product Partners L.P. (NASDAQ:CPLP) Receiving Somewhat Favorable Media Coverage, Study Finds

News articles about Capital Product Partners L.P. (NASDAQ:CPLP) have been trending somewhat positive recently, Accern Sentiment reports. Accern identifies negative and positive news coverage by monitoring more than twenty million news and blog sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores closest to one being the most favorable. Capital Product Partners L.P. earned a news impact score of 0.12 on Accern’s scale. Accern also assigned media headlines about the shipping company an impact score of 46.2266282667603 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the next few days.

Here are some of the news stories that may have impacted Accern Sentiment’s rankings:

Shares of Capital Product Partners L.P. (NASDAQ:CPLP) opened at 3.49 on Friday. Capital Product Partners L.P. has a 12-month low of $2.73 and a 12-month high of $4.00.

Capital Product Partners L.P. (NASDAQ:CPLP) last released its quarterly earnings results on Friday, July 28th. The shipping company reported $0.06 earnings per share for the quarter, missing the consensus estimate of $0.08 by $0.02. The company had revenue of $62.06 million for the quarter, compared to analysts’ expectations of $59.47 million. Capital Product Partners L.P. had a return on equity of 4.95% and a net margin of 18.20%. Analysts predict that Capital Product Partners L.P. will post $0.27 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which was paid on Friday, August 11th. Shareholders of record on Thursday, August 3rd were given a dividend of $0.08 per share. This represents a $0.32 annualized dividend and a yield of 9.17%. The ex-dividend date of this dividend was Tuesday, August 1st. Capital Product Partners L.P.’s payout ratio is 106.67%.

Several equities research analysts have weighed in on the company. UBS AG reissued a “buy” rating and issued a $4.50 price target on shares of Capital Product Partners L.P. in a report on Thursday, July 6th. BidaskClub downgraded Capital Product Partners L.P. from a “hold” rating to a “sell” rating in a report on Thursday, August 3rd. Finally, TheStreet downgraded Capital Product Partners L.P. from a “b-” rating to a “c” rating in a report on Wednesday, May 24th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and four have issued a buy rating to the stock. Capital Product Partners L.P. has a consensus rating of “Hold” and an average target price of $4.40.

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Capital Product Partners L.P. Company Profile

Capital Product Partners L.P. is an international owner of tanker, container and drybulk vessels. The Company’s fleet consisted of 36 high specification vessels with an average age of approximately 7.4 years, as of December 31, 2016. As of December 31, 2016, its fleet consisted of four Suezmax crude oil tankers, 21 medium range product tankers, 10 post-panamax container carrier vessels and one Capesize bulk carrier.

Insider Buying and Selling by Quarter for Capital Product Partners L.P. (NASDAQ:CPLP)

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