Navios Maritime Midstream (NYSE:NAP) has been assigned an average recommendation of “Hold” from the six ratings firms that are currently covering the company, MarketBeat.com reports. Two research analysts have rated the stock with a sell rating, two have issued a hold rating and one has issued a buy rating on the company. The average 1 year price objective among brokerages that have issued ratings on the stock in the last year is $6.17.
NAP has been the subject of several recent analyst reports. Citigroup dropped their target price on Navios Maritime Midstream from $8.50 to $6.50 and set a “neutral” rating for the company in a research report on Tuesday, March 27th. JPMorgan Chase lowered Navios Maritime Midstream from a “neutral” rating to an “underweight” rating and set a $7.00 target price for the company. in a research report on Friday, March 23rd. Zacks Investment Research lowered Navios Maritime Midstream from a “hold” rating to a “sell” rating in a research report on Wednesday, April 4th. TheStreet lowered Navios Maritime Midstream from a “b-” rating to a “c+” rating in a research report on Monday, February 26th. Finally, ValuEngine lowered Navios Maritime Midstream from a “hold” rating to a “sell” rating in a research report on Wednesday, May 2nd.
Shares of Navios Maritime Midstream opened at $4.00 on Friday, MarketBeat.com reports. Navios Maritime Midstream has a 1 year low of $3.98 and a 1 year high of $4.01. The company has a market cap of $82.93 million, a price-to-earnings ratio of 5.71 and a beta of 1.20. The company has a quick ratio of 12.59, a current ratio of 12.59 and a debt-to-equity ratio of 0.77.
The company also recently declared a quarterly dividend, which was paid on Friday, May 11th. Investors of record on Wednesday, May 9th were issued a $0.50 dividend. This is a positive change from Navios Maritime Midstream’s previous quarterly dividend of $0.42. The ex-dividend date of this dividend was Tuesday, May 8th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 50.00%. Navios Maritime Midstream’s payout ratio is presently 71.43%.
An institutional investor recently raised its position in Navios Maritime Midstream stock. Virtu Financial LLC lifted its position in Navios Maritime Midstream (NYSE:NAP) by 139.1% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 34,693 shares of the shipping company’s stock after purchasing an additional 20,183 shares during the period. Virtu Financial LLC owned 0.16% of Navios Maritime Midstream worth $330,000 at the end of the most recent quarter. Hedge funds and other institutional investors own 9.32% of the company’s stock.
Navios Maritime Midstream Company Profile
Navios Maritime Midstream Partners L.P. owns, operates, and acquires crude oil tankers, refined petroleum product tankers, chemical tankers, and liquefied petroleum gas tankers. The company provides seaborne shipping services through its vessels under long-term employment contracts to international oil companies, refiners, and large vessel operators.
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