Navios Maritime Midstream Partners’ (NAP) YTD (year-to-date) returns were -13.5% as of December 18, 2017. It was the third-best performer among its peers in 2017 behind Euronav (EURN) and Gener8 Maritime Partners (GNRT) with YTD returns of 3.7% and -0.89%, respectively. Navios Maritime Midstream Partners has underperformed the shipping ETF and the broad equity market indexes. Since December 30, 2016, the Guggenheim Shipping ETF (SEA) has risen 1.14%. Oil and gas transportation companies account for 47.7% of SEA. The Dow Jones Industrial Average (DIA) has risen 25.4% YTD as of December 18, 2017. The SPDR S&P 500 ETF (SPY) has risen 19.9% during the same period.
On December 19, 2017, Navios Maritime Midstream Partners had the highest one-day return in 2017. The stock rose 10.4%. Although Navios Maritime Midstream Partners has a negative year-to-date return, its performance in the last three months has been excellent. Its stock has risen 26.6%.
About Navios Maritime Midstream Partners
Navios Maritime Midstream Partners owns and operates VLCCs (very large crude carriers) on a long-term contract. The company operates six VLCCs. Four of the vessels have profit-sharing options.
Performance in 9M17
Navios Maritime Midstream Partners earned revenue of $60.4 million in the first nine months of 2017—compared to $69.1 million in the same period last year. Its EBITDA fell by $8.2 million to $41.6 million from $49.8 million. Currently, the company has contracted 100% of its available days for 2017 and 2018. It has $360 million in revenue booked in long-term contracts. Navios Maritime Midstream Partners has 3.6 years remaining in the average charter period.
Tsakos Energy Navigation’s (TNP) YTD (year-to-date) returns were -16.6% as of December 18, 2017. It was the fifth-best performer among its peers in 2017.
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