CPLP Stock Summary and Trading Ideas (Capital Product Partners LP - Common Units Representing Limited Partner Interests | NASDAQ:CPLP)

Capital Product Partners LP is in the seaborne transportation of cargoes, crude oil, gasoline, diesel, fuel oil, jet fuel and edible oils and dry cargo and containerized goods. Its vessels include; suezmax crude oil tankers, medium-range product tankers, neo panamax container carriers and capsize bulk carrier. Its vessels are capable of carrying a wide 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 under short-term voyage charters and medium to long-term time 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 April 19, 2024, CPLP stock price declined to $16.90 with 13,410 million shares trading.

CPLP has a beta of 0.37, meaning it tends to be less sensitive to market movements. CPLP has a correlation of 0.03 to the broad based SPY ETF.

CPLP has a market cap of $930.16 million. This is considered a Small Cap stock.

Last quarter Capital Product Partners LP - Common Units Representing Limited Partner Interests reported $96 million in Revenue and $.61 earnings per share. This fell short of revenue expectation by $-201,000 and missed earnings estimates by -$.02.

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 +33.0% while the SPY ETF gained +21.2%. However, in the short term, CPLP had mixed performance relative to the market. It has underperformed in the last 3 months, returning -5.8% vs +3.0% return in SPY. But in the last 2 weeks, CPLP shares have fared better than the market returning -1.7% compared to SPY -4.5%.

CPLP support price is $16.42 and resistance is $17.44 (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.