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Understanding Navios Maritime Midstream Stock Fall

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Nov. 20 2020, Updated 11:44 a.m. ET

1Q17 results

On April 27, 2017, Navios Maritime Midstream Partners (NAP) announced its 1Q17 revenue and earnings before the markets opened. Its revenue fell 12.6% to $21.1 million, as compared to $24.15 million in 1Q16.

[marketrealist-chart id=2060205]

NAP’s 1Q17 EBITDA (earnings before interest, tax, depreciation, and amortization) was $14.8 million—16% lower than its 1Q16 EBITDA of $17.69 million. The company’s 1Q17 revenue and EBITDA were almost what Wall Street analysts estimated.

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Stock performance

Navios Maritime Midstream Partners stock fell to $11.87 on April 27, 2017—a fall of 1.98% from the previous day’s closing price. Below are the returns of other crude oil tanker stocks on April 27:

  • Teekay Tankers (TNK): 0% return
  • Tsakos Energy Navigation (TNP): 0.6% fall
  • DHT Holdings (DHT): 1.8% rise
  • General Maritime Partners (GNRT): 2.1% fall
  • Euronav (EURN): 1.2% fall

Notably, shipping companies account for 19.7% of the Guggenheim Shipping ETF (SEA). SEA fell 0.4% on April 27. If you’re interested in broad exposure to the industrials sector, you can invest in the SPDR Dow Jones Industrial Average ETF (DIA).

What you’ll find in this series 

In this series, we’ll look at Navios Maritime Midstream Partners’ 1Q17 results and conference call highlights. We’ll also analyze the company’s current position, management’s future plans, and discussions between the management and analysts to gauge the company’s future.

In the next part, we’ll discuss Navios Maritime Midstream Partners’ recent developments.

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