|Bid||2.760 x 1100|
|Ask||2.880 x 1800|
|Day's Range||2.810 - 2.970|
|52 Week Range||2.230 - 10.400|
|Beta (3Y Monthly)||1.43|
|PE Ratio (TTM)||N/A|
|Earnings Date||Jan 29, 2019 - Feb 4, 2019|
|Forward Dividend & Yield||0.50 (17.86%)|
|1y Target Est||6.00|
Revenue: $22.6 million in Q3; $63.2 million for the nine monthsNet cash from operating activities: $30.1 million for the nine monthsEBITDA: $15.6 million in Q3; Adjusted.
As of this writing, front-month (December 2018) WTI crude futures are trading down $1.80 to $63.50 per barrel and Brent futures are trading down more than two dollars a barrel at $72.82. An old friend has returned, albeit tentatively, to the oil markets. Yes, we are back in contango, if only slightly.
MONACO, Oct. 24, 2018 -- Navios Maritime Midstream Partners L.P. ("Navios Midstream") (NYSE:NAP) announced today that its Board of Directors has declared a cash distribution of.
MONACO, Oct. 08, 2018 -- Navios Maritime Acquisition Corporation (“Navios Acquisition”) (NYSE:NNA) and Navios Maritime Midstream Partners L.P. (“Navios Midstream”) (NYSE:NAP).
DALLAS , Sept. 14, 2018 /PRNewswire/ -- Alerian announced the results of the September quarterly review for the Alerian Index Series. All changes will be implemented as of the close of business on Friday, ...
Revenue: $41.5 million for Q2 2018; $87.6 million for the six months 2018 Unique bareboat structure on newbuild VLCCs Navios Midstream acquisition proposal Returning capital to stockholders: Quarterly ...
When assessing the crude tanker industry, it’s important to look at the BDTI (Baltic Dirty Tanker Index). In week 30, the week ending July 27, the BDTI rose to 759 from 723. The BDTI has risen ~8.4% in 2018. Investors should compare the BDTI’s YoY (year-over-year) performance because the industry is seasonal. At the same time last year, the index was 16% higher at ~648. In week 30, the BDTI fell by 21 points.
China released its June PMI on July 1. In June, China’s manufacturing PMI was 51.5. The PMI fell 0.4% from the previous month, which indicates that China’s (FXI) manufacturing sector expanded at a slower pace. The PMI shows a country’s economic health.
China released its trade data on July 13. In dollar terms, China’s (FXI) exports rose 11.3% YoY (year-over-year). The data were slightly better than analysts’ expectations. However, the import growth slowed down to 14.1% in June—compared to 26% in May. China’s June import growth was way below the markets’ expectations.
Navios Maritime Midstream Partners (NAP) released its second-quarter results today. NAP reported $14.7 million in EBITDA and $4.3 million in net income in Q2 2018. This month, NAP received a proposal from Navios Maritime Acquisition (NNA) in which NNA would acquire publicly held common shares of NAP in a stock-for-unit exchange.
Natural gas and NGL (natural gas liquid) transportation was the weakest MLP subsector in H1 2018, with natural gas transportation MLPs falling by an average of 17.6%. This fall was due to the interstate pipeline operator count declining after the Federal Energy Regulatory Commission’s ruling and regulatory issues related to some pipeline projects. Dominion Midstream Energy Partners (DM) and TC PipeLines (TCP), among the weakest MLPs in H1 2018, fell the most in the subsector.
Moody's Investors Service has today placed the ratings of Navios Maritime Midstream Partners LP ("Navios Midstream," "NAP") under review for downgrade including its B2 corporate family rating (CFR), its B2-PD probability of default rating (PDR), and the B2 rating of its term loan B due 2020. The review follows the announcement on 28 June 2018 that Navios Maritime Acquisition Corporation ("Navios Acquisition," "NNA," B3 negative) has made an offer to acquire the publicly held units of Navios Maritime Midstream not already owned by Navios Acquisition in a stock for units exchange.
When assessing the crude tanker industry, it’s important to look at the BDTI (Baltic Dirty Tanker Index). In week 26, which ended on June 29, the BDTI fell from 754 to 712. In week 25, the index dropped by one point. The index shows the direction that crude tanker rates are heading. The index has risen ~1.7% since the beginning of the year.
Crude tanker companies’ revenue is very sensitive to their tanker rates. In this article, we’ll compare crude tanker companies’ TCE (time charter equivalent) rates per day in Q1 2018.
On June 25, the stock market and oil prices sharply declined as investors became more fearful of increasing trade-related tensions between the United States and China. Yesterday, media reports suggested that restrictions could be imposed on Chinese investments in certain US companies. In May, President Donald Trump threatened to impose additional tariffs on imports from China. China vowed strong retaliation if the United States moved ahead with this decision.
When assessing the crude tanker industry, it’s important to look at the BDTI (Baltic Dirty Tanker Index). In week 24, which ended on June 15, the BDTI rose from 734 to 746. The index shows the direction that crude tanker rates are heading. The index has risen ~6.6% since the beginning of the year.
Moody's Investors Service today affirmed the corporate family and senior secured note ratings of Navios Maritime Acquisition Corporation ("Navios Acquisition," "NNA") at B3, its probability of default rating at B3-PD, and revised its rating outlook to negative from stable. "The revision of NNA's outlook to negative is an indication of continuing pressure on the company's performance and by extension its credit metrics from the weakness in the tanker market," says Maria Maslovsky , a Moody's Vice President -- Senior Analyst and the lead analyst for Navios Acquisition. Today's rating action reflects deterioration in Navios Acquisition's performance with revenues declining to $209 million for the twelve months ending 31 March 2018 from $227 million in 2017 and $290 million in 2016.
In April 2018, China’s manufacturing PMI was 51.4. In March, it was 51.5. That indicates that growth in China’s manufacturing sector eased only slightly. The index remained above 50 for the 20th consecutive month. A reading above 50 indicates economic expansion, while a reading below 50 indicates economic contraction.
In this final part of the series, we’ll discuss analysts’ recommendations for crude tanker companies in week 19, which ended on May 11.