Capital Product Partners Non-GAAP EPS of $0.32 beats by $0.01, revenue of $104.5M misses by $6.45M
Seeking Alpha News (Tue, 30-Apr 7:06 AM ET)
Capital Product Partners L.P. Announces First Quarter 2024 Financial Results
Globe Newswire (Tue, 30-Apr 7:00 AM ET)
Capital Product Partners Q1 2024 Earnings Preview
Seeking Alpha News (Mon, 29-Apr 1:29 PM ET)
Notable earnings before Tuesday's open
Seeking Alpha News (Mon, 29-Apr 11:15 AM ET)
Capital Product Partners declares $0.15 dividend
Seeking Alpha News (Fri, 26-Apr 10:49 AM ET)
Capital Product Partners L.P. Announces Cash Distribution
Globe Newswire (Thu, 25-Apr 4:05 PM ET)
Globe Newswire (Thu, 25-Apr 2:10 PM ET)
Capital Product Partners L.P. Announces the Sale of Three 10,000 TEU Container Vessels
Globe Newswire (Wed, 20-Mar 9:00 AM ET)
Globe Newswire (Wed, 6-Mar 9:00 AM ET)
Globe Newswire (Mon, 4-Mar 9:00 AM ET)
Capital Product Partners LP specializes in the transportation of cargoes via the sea route. Their fleet comprises various types of vessels, including suezmax crude oil tankers, medium-range product tankers, neo panamax container carriers, and capsize bulk carriers. These vessels are capable of carrying a wide range of cargoes, such as crude oil, refined oil products (such as gasoline, diesel, fuel oil, and jet fuel), edible oils, certain chemicals like ethanol, as well as dry cargo and containerized goods. The company earns revenue by charging its charterers for the use of their vessels, which are available for short-term voyage charters, medium to long-term time charters, and bareboat charters.
Capital Product Partners LP - Common Units Representing Limited Partner Interests trades on the NASDAQ stock market under the symbol CPLP.
As of May 1, 2024, CPLP stock price climbed to $16.80 with 22,100 million shares trading.
CPLP has a beta of 0.32, meaning it tends to be less sensitive to market movements. CPLP has a correlation of 0.02 to the broad based SPY ETF.
CPLP has a market cap of $924.66 million. This is considered a Small Cap stock.
Last quarter Capital Product Partners LP - Common Units Representing Limited Partner Interests reported $104 million in Revenue and $.32 earnings per share. This fell short of revenue expectation by $-1 million and missed earnings estimates by -$.04.
In the last 3 years, CPLP stock traded as high as $19.65 and as low as $10.60.
The top ETF exchange traded funds that CPLP belongs to (by Net Assets): GREK, LNGZ.
CPLP has outperformed the market in the last year with a price return of +37.3% while the SPY ETF gained +21.9%. However, in the short term, CPLP had mixed performance relative to the market. It has underperformed in the last 3 months, returning -7.2% vs +2.3% return in SPY. But in the last 2 weeks, CPLP shares have fared better than the market returning +1.1% compared to SPY -0.6%.
CPLP support price is $16.19 and resistance is $17.25 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that CPLP stock will trade within this expected range on the day.