News articles about Capital Product Partners L.P. (NASDAQ:CPLP) have been trending somewhat positive this week, Alpha One Sentiment Analysis reports. Alpha One, a subsidiary of Accern, identifies positive and negative media coverage by reviewing more than twenty million blog and news sources in real-time. Alpha One ranks coverage of companies on a scale of negative one to one, with scores nearest to one being the most favorable. Capital Product Partners L.P. earned a news sentiment score of 0.20 on Alpha One’s scale. Alpha One also assigned media coverage about the shipping company an impact score of 71 out of 100, indicating that recent media coverage is likely to have an impact on the stock’s share price in the next several days.
Here are some of the headlines that may have effected AlphaOne Sentiment Analysis’s rankings:
- Performance Focus on Shares of Capital Product Partners L.P. (NASDAQ:CPLP) – Business Daily (oxfordbusinessdaily.com)
- Stock Valuation in Focus for Capital Product Partners L.P. (NasdaqGS:CPLP) – Concord Register (concordregister.com)
- Capital Product Partners L.P.’s (CPLP) has a value of $3.41 per share While GOL Linhas Aereas Inteligentes S.A.’s … – Stocks Gallery (stocksgallery.com)
- The Capital Product Partners LP (CPLP) Receives Consensus Rating of “Buy” from Analysts – BangaloreWeekly (bangaloreweekly.com)
- Capital Product Partners Diversity Is Its Strength (seekingalpha.com)
Shares of Capital Product Partners L.P. (NASDAQ:CPLP) traded down 0.30% during midday trading on Friday, reaching $3.37. The company’s stock had a trading volume of 297,818 shares. Capital Product Partners L.P. has a 12-month low of $2.55 and a 12-month high of $4.05. The firm has a market capitalization of $415.50 million, a P/E ratio of 10.03 and a beta of 1.67. The stock has a 50-day moving average of $3.45 and a 200 day moving average of $3.29.
Capital Product Partners L.P. (NASDAQ:CPLP) last released its quarterly earnings data on Friday, April 28th. The shipping company reported $0.08 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.08. Capital Product Partners L.P. had a net margin of 20.49% and a return on equity of 5.53%. The company had revenue of $60.27 million during the quarter, compared to analysts’ expectations of $59.16 million. Equities research analysts predict that Capital Product Partners L.P. will post $0.30 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which was paid on Friday, May 12th. Stockholders of record on Friday, May 5th were paid a dividend of $0.08 per share. The ex-dividend date was Wednesday, May 3rd. This represents a $0.32 dividend on an annualized basis and a dividend yield of 9.47%. Capital Product Partners L.P.’s dividend payout ratio is currently 94.12%.
A number of equities research analysts have issued reports on CPLP shares. Evercore ISI upgraded Capital Product Partners L.P. from a “hold” rating to a “buy” rating and set a $5.00 price target for the company in a research note on Thursday, January 19th. Wells Fargo & Co upgraded Capital Product Partners L.P. from a “market perform” rating to an “outperform” rating and set a $5.00 price target for the company in a research note on Wednesday, January 25th. Jefferies Group LLC reiterated a “buy” rating and issued a $5.00 price target on shares of Capital Product Partners L.P. in a research note on Friday, March 31st. Zacks Investment Research upgraded Capital Product Partners L.P. from a “sell” rating to a “hold” rating in a research note on Tuesday, April 4th. Finally, TheStreet upgraded Capital Product Partners L.P. from a “c” rating to a “b-” rating in a research note on Friday, March 31st. Two research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. The company has a consensus rating of “Buy” and a consensus price target of $4.40.
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About Capital Product Partners L.P.
Capital Product Partners L.P. is an international owner of tanker, container and drybulk vessels. The Company’s fleet consisted of 36 high specification vessels with an average age of approximately 7.4 years, as of December 31, 2016. As of December 31, 2016, its fleet consisted of four Suezmax crude oil tankers, 21 medium range product tankers, 10 post-panamax container carrier vessels and one Capesize bulk carrier.
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