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Analysts Recommend a ‘Hold’ on Navios Maritime Midstream Partners

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Dec. 4 2020, Updated 10:53 a.m. ET

Consensus rating

According to Reuters, the consensus rating for Navios Maritime Midstream Partners (NAP) is 3, which indicates a “hold.” Below are the consensus ratings for other crude oil tanker companies on a scale of 1 (strong buy) to 5 (strong sell):

  • Nordic American Tankers (NAT): 3.33 or a “hold”
  • Frontline (FRO): 3.0 or a “buy”
  • Teekay Tankers (TNK): 2.38 or a “buy”
  • Euronav (EURN): 2.0 or a “buy”
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Analysts’ recommendations

Three analysts gave recommendations on Navios Maritime Partners. All three analysts have different views on the stock. One analyst gave a “buy” recommendation, another analyst gave a “hold” recommendation, and the third analyst gave a “sell” recommendation for Navios Maritime Partners.

Target price

The consensus 12-month target price for Navios Maritime Partners is $4.83, which implies a potential upside of 40.82% from its market price on July 12.

Revenues and earnings estimate

Wall Street analysts expect that Navios Maritime Midstream Partners’ revenues could reach ~$21.14 million in the second quarter, compared to $19.78 million in the first quarter and ~$18.5 million in the second quarter of 2017.

Navios Maritime Midstream Partners’ revenues come from long-term contracts. As a result, its revenues are stable and predictable. Its third-quarter revenues are expected to reach $21.6 million, and its vessels are booked for 2018 and 2019.

Analysts expect the company’s second-quarter EBITDA to reach $13.98 million, compared to $13.67 million in the first quarter and $11.4 million in the second quarter of 2017. Analysts expect its fiscal 2018 EBITDA to reach $56.2 million, compared to $57.9 million in 2017.

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