NASDAQ:CPLP

Capital Product Partners (CPLP) Stock Price, News & Analysis

$16.53
-0.22 (-1.31%)
(As of 02:06 PM ET)
Today's Range
$16.51
$16.93
50-Day Range
$16.15
$18.48
52-Week Range
$12.02
$18.85
Volume
3,563 shs
Average Volume
129,468 shs
Market Capitalization
$340.52 million
P/E Ratio
7.62
Dividend Yield
3.63%
Price Target
$20.67

Capital Product Partners MarketRank™ Stock Analysis

Analyst Rating
Moderate Buy
2.67 Rating Score
Upside/​Downside
25.2% Upside
$20.67 Price Target
Short Interest
Healthy
0.55% of Float Sold Short
Dividend Strength
Strong
Based on Four Factors
Sustainability
N/A
News Sentiment
0.74mentions of Capital Product Partners in the last 14 days
Based on 4 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
4.62%
From $1.73 to $1.81 Per Share

Overall MarketRank

New Rank-Based ScoringMarketRank is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

4.63 out of 5 stars

Transportation Sector

34th out of 110 stocks

Deep Sea Foreign Transportation Of Freight Industry

6th out of 26 stocks

CPLP stock logo

About Capital Product Partners Stock (NASDAQ:CPLP)

Capital Product Partners L.P., a shipping company, provides marine transportation services in Greece. The company's vessels provide a range of cargoes, including liquefied natural gas, containerized goods, and dry bulk cargo under short-term voyage charters, and medium to long-term time charters. It also owns vessels, including Neo-Panamax container vessels, Panamax container vessels, cape-size bulk carrier, and LNG carriers. In addition, the company produces and distributes oil and natural gas, including biofuels, motor oil, lubricants, petrol, crudes, liquefied natural gas, marine fuels, natural gas liquids, and petrochemicals. Capital GP L.L.C. serves as the general partner of the company. The company was incorporated in 2007 and is headquartered in Piraeus, Greece.

CPLP Stock Price History

CPLP Stock News Headlines

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CPLP Capital Product Partners L.P. Common Units
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See More Headlines
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Company Calendar

Last Earnings
2/02/2024
Ex-Dividend for 2/13 Dividend
2/05/2024
Dividend Payable
2/13/2024
Today
4/23/2024
Next Earnings (Estimated)
5/03/2024
Fiscal Year End
12/31/2024

Industry, Sector and Symbol

Industry
Deep sea foreign transportation of freight
Sub-Industry
N/A
Current Symbol
NASDAQ:CPLP
Employees
2,020
Year Founded
2007

Price Target and Rating

Average Stock Price Target
$20.67
High Stock Price Target
$24.00
Low Stock Price Target
$18.00
Potential Upside/Downside
+23.4%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.67
Research Coverage
3 Analysts

Profitability

Net Income
$47.21 million
Pretax Margin
16.12%

Debt

Sales & Book Value

Annual Sales
$360.59 million
Cash Flow
$7.94 per share
Book Value
$30.99 per share

Miscellaneous

Free Float
N/A
Market Cap
$345.05 million
Optionable
Optionable
Beta
0.86

Social Links

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Key Executives

  • Mr. Gerasimos G. Kalogiratos (Age 47)
    CEO of Capital GP LLC & Director
  • Mr. Nikolaos Kalapotharakos (Age 49)
    Chief Financial Officer of Capital GP LLC
  • Mr. Spyridon Leousis (Age 45)
    Chief Commercial Officer of Capital GP LLC
  • Ms. Eleni Tsoukala (Age 46)
    Independent Director & Secretary

CPLP Stock Analysis - Frequently Asked Questions

Should I buy or sell Capital Product Partners stock right now?

3 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Capital Product Partners in the last year. There are currently 1 hold rating and 2 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "moderate buy" CPLP shares.
View CPLP analyst ratings
or view top-rated stocks.

What is Capital Product Partners' stock price target for 2024?

3 equities research analysts have issued 1-year target prices for Capital Product Partners' shares. Their CPLP share price targets range from $18.00 to $24.00. On average, they expect the company's stock price to reach $20.67 in the next twelve months. This suggests a possible upside of 25.2% from the stock's current price.
View analysts price targets for CPLP
or view top-rated stocks among Wall Street analysts.

How have CPLP shares performed in 2024?

Capital Product Partners' stock was trading at $14.20 at the beginning of the year. Since then, CPLP shares have increased by 16.3% and is now trading at $16.51.
View the best growth stocks for 2024 here
.

Are investors shorting Capital Product Partners?

Capital Product Partners saw a drop in short interest in March. As of March 31st, there was short interest totaling 54,800 shares, a drop of 5.5% from the March 15th total of 58,000 shares. Based on an average daily volume of 124,300 shares, the days-to-cover ratio is currently 0.4 days. Approximately 0.6% of the company's stock are short sold.
View Capital Product Partners' Short Interest
.

When is Capital Product Partners' next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Friday, May 3rd 2024.
View our CPLP earnings forecast
.

How were Capital Product Partners' earnings last quarter?

Capital Product Partners L.P. (NASDAQ:CPLP) posted its quarterly earnings results on Friday, February, 2nd. The shipping company reported $0.61 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.65 by $0.04. The shipping company earned $92.50 million during the quarter, compared to analyst estimates of $93.32 million. Capital Product Partners had a net margin of 13.09% and a trailing twelve-month return on equity of 7.78%. During the same period in the prior year, the firm posted $1.03 EPS.

How often does Capital Product Partners pay dividends? What is the dividend yield for Capital Product Partners?

Capital Product Partners declared a quarterly dividend on Thursday, January 25th. Investors of record on Tuesday, February 6th will be given a dividend of $0.15 per share on Tuesday, February 13th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 3.63%. The ex-dividend date of this dividend is Monday, February 5th.
Read our dividend analysis for CPLP
.

Is Capital Product Partners a good dividend stock?

Capital Product Partners (NASDAQ:CPLP) pays an annual dividend of $0.60 per share and currently has a dividend yield of 3.55%. The dividend payout ratio is 27.65%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, CPLP will have a dividend payout ratio of 33.15% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for CPLP.

What ETF holds Capital Product Partners' stock?

Global X MSCI Greece ETF holds 136,087 shares of CPLP stock, representing 1.22% of its portfolio.

When did Capital Product Partners' stock split?

Capital Product Partners's stock reverse split on the morning of Thursday, March 28th 2019. The 1-7 reverse split was announced on Wednesday, March 6th 2019. The number of shares owned by shareholders was adjusted after the market closes on Wednesday, March 27th 2019. An investor that had 100 shares of stock prior to the reverse split would have 14 shares after the split.

What other stocks do shareholders of Capital Product Partners own?

Based on aggregate information from My MarketBeat watchlists, some companies that other Capital Product Partners investors own include Energy Transfer (ET), New Residential Investment (NRZ), Prospect Capital (PSEC), AT&T (T), DHT (DHT), Enterprise Products Partners (EPD), NGL Energy Partners (NGL), Golar LNG Partners (GMLP), AGNC Investment (AGNC) and Two Harbors Investment (TWO).

How do I buy shares of Capital Product Partners?

Shares of CPLP stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

This page (NASDAQ:CPLP) was last updated on 4/23/2024 by MarketBeat.com Staff

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