According to Reuters, the consensus rating for Navios Maritime Midstream Partners (NAP) is three, which means a “hold.”
Below are the consensus ratings for other crude oil tanker companies on a scale of one (strong buy) to five (strong sell):
- Nordic American Tankers (NAT): 3.57 or a “sell”
- Gener8 Maritime (GNRT): 2.17 or a “buy”
- Teekay Tankers (TNK): 2.63 or a “hold”
- Euronav (EURN): two or a “buy”
Three analysts gave recommendations on Navios Maritime Partners. One analyst gave a “buy” recommendation, one analyst gave a “hold” recommendation, and one analyst gave a “sell” recommendation.
The consensus 12-month target price for Navios Maritime Partners is $4.83, which implies a potential upside of 27.7% from the market price of $3.78 on May 25.
Navios Maritime Midstream Partners earned revenues of $19.8 million in the first quarter—6.3% lower than the previous year. The company’s EBITDA was 3.6% lower year-over-year. The company reduced its quarterly dividend to $0.13 per share. In the first quarter, Navios bought a nine-year-old vessel and sold a 17-year-old vessel, which reduced the company’s average fleet age 11%. Navios Maritime Midstream Partners doesn’t have any significant debt maturities until 2020.