Somewhat Positive News Coverage Somewhat Unlikely to Impact Capital Product Partners (CPLP) Stock Price

Media coverage about Capital Product Partners (NASDAQ:CPLP) has been trending somewhat positive this week, according to Accern Sentiment Analysis. The research firm scores the sentiment of media coverage by reviewing more than 20 million news and blog sources in real-time. Accern ranks coverage of companies on a scale of -1 to 1, with scores closest to one being the most favorable. Capital Product Partners earned a news sentiment score of 0.10 on Accern’s scale. Accern also gave media headlines about the shipping company an impact score of 46.3857108885686 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the immediate future.

Capital Product Partners (NASDAQ:CPLP) traded up $0.08 during midday trading on Friday, hitting $3.29. The stock had a trading volume of 1,210,060 shares, compared to its average volume of 314,647. The stock has a market cap of $416.04, a PE ratio of 14.96 and a beta of 1.28. The company has a current ratio of 0.86, a quick ratio of 0.81 and a debt-to-equity ratio of 0.49. Capital Product Partners has a fifty-two week low of $2.98 and a fifty-two week high of $4.00.

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Capital Product Partners (NASDAQ:CPLP) last released its quarterly earnings results on Wednesday, January 31st. The shipping company reported $0.06 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.06. The business had revenue of $64.11 million during the quarter, compared to analysts’ expectations of $59.70 million. Capital Product Partners had a return on equity of 4.30% and a net margin of 14.31%. analysts expect that Capital Product Partners will post 0.31 EPS for the current fiscal year.

Several analysts have issued reports on CPLP shares. BidaskClub upgraded Capital Product Partners from a “strong sell” rating to a “sell” rating in a report on Tuesday, December 12th. Jefferies Group assumed coverage on Capital Product Partners in a report on Monday, December 18th. They set a “buy” rating and a $5.00 price target for the company. Zacks Investment Research cut Capital Product Partners from a “hold” rating to a “sell” rating in a report on Wednesday, December 27th. ValuEngine cut Capital Product Partners from a “buy” rating to a “hold” rating in a report on Friday, February 2nd. Finally, TheStreet cut Capital Product Partners from a “b-” rating to a “c” rating in a report on Friday, February 2nd. Two research analysts have rated the stock with a sell rating, two have issued a hold rating and one has given a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average price target of $4.50.

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Capital Product Partners 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.

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