Monaco-based Scorpio Tankers Inc.'s shares jumped 5.28%, closing Thursday's trading session at $4.39. The stock recorded a trading volume of 4.18 million shares, which was above its three months average volume of 3.04 million shares. The Company's shares have advanced 22.44% in the last month. The stock is trading 4.96% above its 50-day moving average. Additionally, shares of Scorpio Tankers, which together with its subsidiaries, engages in the seaborne transportation of refined petroleum products and crude oil worldwide, have a Relative Strength Index (RSI) of 58.55.
On November 15th, 2016, research firm Deutsche Bank downgraded the Company's stock rating from 'Buy' to 'Hold'. The research firm also revised downwards its previous target price from $9 a share to $4 a share.
On November 16th, 2016, Scorpio Tankers announced that Scorpio Services Holding Limited, a related party affiliate, has purchased an aggregate of 300,000 common shares of the Company at an average price of $4.45 per share in the open market. Your complete research report on STNG can be retrieved for free at:
On Thursday, shares in Hamilton, Bermuda headquartered DHT Holdings Inc. recorded a trading volume of 4.46 million shares, which was above their three months average volume of 2.27 million shares. The stock edged 9.44% higher, ending the day at $3.94. The Company's shares have advanced 13.18% in the last month. The stock is trading slightly below its 50-day moving average by 0.37%. Furthermore, shares of DHT Holdings, which together with its subsidiaries, owns and operates crude oil tankers in Bermuda, have an RSI of 55.72.
On November 1st, 2016, DHT holdings reported Q3 2016 adjusted EBITDA and adjusted net income of $29.5 million and $0.9 million, respectively, after adjusting for a non-cash impairment charge of $76.6 million. The company reported adjusted revenue of $50.3 million for Q3 2016 compared to adjusted revenue of $74.7 for Q3 2015. DHT free report is just a click away at:
Hamilton, Bermuda-based Teekay Corp.'s stock finished the day 0.95% higher at $8.54. A total volume of 1.91 million shares was traded, which was higher than their three months average volume of 1.57 million shares. The Company's shares have advanced 35.77% in the last one month and 12.15% in the previous three months. The stock is trading above its 50-day and 200-day moving averages by 13.55% and 7.23%, respectively. Additionally, shares of Teekay, which primarily provides crude oil and gas marine transportation services in Bermuda and internationally, have an RSI of 68.30.
On November 3rd, 2016, Teekay reported Q3 2016 consolidated GAAP net income attributed to shareholders of Teekay of $6.1 million, or $0.07 per share, compared to Q3 2015 GAAP net loss of $12.24 million or net loss of $0.17 per share. The company generated $547.64 million of revenue in Q3 2016 compared to revenue of $611.62 million in Q3 2015. The company recorded Q3 2016 consolidated cash flow from vessel operations of $285.5 million. Sign up for your complimentary research report on TK at:
Shares in Hamilton, Bermuda-based Ship Finance International Ltd ended yesterday's session 3.00% lower at $14.55. The stock recorded a trading volume of 1.07 million shares, which was above its three months average volume of 927,750 shares. The Company's shares have advanced 15.48% in the last one month. The stock is trading 4.87% above its 50-day moving average and 3.46% above its 200-day moving average. Moreover, shares of Ship Finance International, which owns and operates vessels and offshore related assets in Bermuda, Cyprus, Malta, Liberia, Norway, Singapore, the UK, and the Marshall Islands, have an RSI of 57.06.
On November 29th, 2016, Ship Finance International reported charter revenue of $149 million in its Q3 2016 preliminary results compared to charter revenue of $159 million in Q2 2016. The company posted net income of $32 million, or $0.35 per share, in Q3 2016 compared to net income of $39 million, or $0.42 per share, in Q2 2016. Register for free on Stock-Callers.com and download the latest research report on SFL at:
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