Capital Product Partners L.P. (CPLP) was Reiterated by Deutsche Bank to “Hold” according to the research note released today. The brokerage firm has raised the Price Target to $ 4 from a previous price target of $2.50 . Deutsche Bank advised their investors in a research report released on Aug 1, 2016.
Capital Product Partners L.P. closed down -0.04 points or -1.05% at $3.77 with 15,16,347 shares getting traded on Friday. Post opening the session at $3.75, the shares hit an intraday low of $3.53 and an intraday high of $3.82 and the price fluctuated in this range throughout the day.Shares ended Friday session in Red.
Capital Product Partners L.P. is an international owner of tanker container and drybulk vessels. As of December 31 2014 the Company’s fleet consisted of 30 vessels with 2.1 million deadweight tonnage (dwt) capacity including four Suezmax crude oil tankers 18 medium range (MR) tankers all of which are classed as International Maritime Organization (IMO) II/III vessels seven post-panamax container carrier vessels and one Capesize bulk carrier. Its 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. The Company provides marine transportation services under medium to long-term time charters or bareboat charters with various counterparties such as Maersk Line BP Shipping Limited Overseas Shipholding Group Inc. Engen Petroleum Ltd. Repsol Trading S.A. and SUBTEC S.A. de C.V.