The stock of Capital Product Partners L.P. (NASDAQ:CPLP) is a huge mover today! Capital Product Partners L.P. (NASDAQ:CPLP) has declined 17.78% since April 13, 2016 and is downtrending. It has underperformed by 21.70% the S&P500.
The move comes after 8 months positive chart setup for the $420.06M company. It was reported on Nov, 15 by Barchart.com. We have $6.56 PT which if reached, will make NASDAQ:CPLP worth $483.07M more.
Capital Product Partners L.P. (NASDAQ:CPLP) Ratings Coverage
Out of 6 analysts covering Capital Product Partners L.P. (NASDAQ:CPLP), 3 rate it a “Buy”, 0 “Sell”, while 3 “Hold”. This means 50% are positive. Capital Product Partners L.P. has been the topic of 9 analyst reports since August 25, 2015 according to StockzIntelligence Inc. The stock of Capital Product Partners L.P. (NASDAQ:CPLP) earned “Hold” rating by Zacks on Thursday, August 27. On Friday, March 18 the stock rating was maintained by Standpoint Research with “Buy”. The stock of Capital Product Partners L.P. (NASDAQ:CPLP) has “Hold” rating given on Monday, September 7 by Zacks. As per Monday, March 7, the company rating was downgraded by Seaport Global. The firm earned “Outperform” rating on Tuesday, October 27 by Wells Fargo. The firm has “Buy” rating by Janney Capital given on Friday, December 4. The stock of Capital Product Partners L.P. (NASDAQ:CPLP) has “Buy” rating given on Tuesday, August 25 by Zacks. The rating was downgraded by Wells Fargo on Friday, March 11 to “Market Perform”.
According to Zacks Investment Research, “CAPITAL PRODUCT PARTNERS L.P. is an international shipping company and leader in the seaborne transportation of refined oil products and chemicals. Their fleet of product tankers is fully chartered under medium- to long-term time and bareboat charters. With their modern, state-of-the-art fleet and built-in growth through contracted acquisitions of additional vessels and the potential drop-down of optional vessels from the owner of their General Partner, Capital Maritime & Trading Corp., they are well-positioned to capitalize on the growth dynamics of the product tanker industry, worldwide, as well as pending regulatory changes.”
More news for Capital Product Partners L.P. (NASDAQ:CPLP) were recently published by: Seekingalpha.com, which released: “Capital Product Partners L.P. (CPLP) CEO Jerry Kalogiratos on Q3 2016 Results …” on October 31, 2016. Seekingalpha.com‘s article titled: “Capital Product Partners – Floating With Captain Graham” and published on October 20, 2016 is yet another important article.
CPLP Company Profile
Capital Product Partners L.P., incorporated on January 16, 2007, is an international owner of tanker, container and drybulk vessels. The Company’s fleet consists of approximately 30 vessels (2.5 million deadweight tonnage (dwt)) with an average age of approximately 6.8 years. The Company’s fleet consists of over four Suezmax crude oil tankers, over 20 medium range (MR) tankers, all of which are classed as International Maritime Organization (IMO) II/III vessels, approximately nine post-panamax container carrier vessels and over one Capesize bulk carrier. The Company’s vessels are capable of carrying a range of cargoes, including crude oil, refined oil products, such as gasoline, diesel, fuel oil and jet fuel, edible oils and certain chemicals, such as ethanol, as well as dry cargo and containerized goods.
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