NEW YORK, March 1, 2017 /PRNewswire/ --
This morning, Stock-Callers.com tracks the performances of these four Shipping companies: Seaspan Corp. (NYSE: SSW), Costamare Inc. (NYSE: CMRE), Overseas Shipholding Group Inc. (NYSE: OSG), and Teekay Offshore Partners L.P. (NYSE: TOO). According to the Baltic and International Maritime Council, the Shipping industry will face another die-hard year of competition in 2017, projecting that the Container Shipping segment will see a net fleet growth of around 3.1% this year, compared with an estimated 1.1% in 2016. Learn more about these stocks by downloading their free report at:
Majuro, Marshall Islands-based Seaspan Corp.'s stock finished Tuesday's session 0.26% higher at $7.84. A total volume of 1.25 million shares was traded, which was above their three months average volume of 1.07 million shares. The Company's shares are trading below their 50-day moving average by 12.26%. Furthermore, shares of Seaspan, which operates as an independent charter owner and manager of containerships in Hong Kong, have a Relative Strength Index (RSI) of 44.65.
On February 01st, 2017, research firm Morgan Stanley initiated an 'Underweight' rating on the Company's stock.
On February 28th, 2017, Seaspan reported that revenue decreased by 2.4% on a y-o-y basis to $213.2 million for the quarter ended December 31[s], 2016, primarily due to lower average charter rates for vessels that were on short-term charters and an increase in unscheduled off-hire, primarily relating to vessels being off-charter, including the three vessels previously chartered to Hanjin Shipping Co., Ltd. The Company posted normalized earnings per diluted share of $0.21 for Q4 2016. The free research report on SSW is available at:
Shares in Monaco-based Costamare Inc. ended at $6.11, down 2.55% from the last trading session. The stock recorded a trading volume of 1.50 million shares, which was above its three months average volume of 971,570 shares. The Company's shares have gained 1.66% in the last one month and 10.92% since the start of this year. The stock is trading 5.20% above its 50-day moving average. Moreover, shares of Costamare, which owns and charters containerships to liner companies worldwide, have an RSI of 57.28.
On January 26th, 2017, Costamare reported Voyage revenues adjusted on a cash basis of $107.3 million and $460.5 million for the three-months and the year ended December 31st, 2016, respectively. The Company posted adjusted net income available to common stockholders of $23.0 million, or $0.28 per share, and $115.1 million, or $1.49 per share, for the three-months and the year ended December 31st, 2016, respectively.
On February 13th, 2017, research firm Wells Fargo upgraded the Company's stock rating from 'Market Perform' to 'Outperform'. The complimentary report on CMRE can be downloaded at:
Tampa, Florida headquartered Overseas Shipholding Group Inc.'s stock ended yesterday's session 1.77% lower at $5.00. A total volume of 3.09 million shares was traded, which was higher than their three months average volume of 728,850 shares. The Company's shares have advanced 30.55% on an YTD basis. The stock is trading 6.35% above its 50-day moving average. Additionally, shares of Overseas Shipholding Group, which primarily engages in the ocean transportation of crude oil and petroleum products, have an RSI of 53.57.
On February 24th, 2017, Overseas Shipholding Group announced that it plans to release Q4 and full year 2016 results before market open on March 07th, 2017. The Company will host a conference call to discuss its Q4 and full year 2016 results at 9:00 a.m. ET on March 07th, 2017. Visit us today and download our complete research report on OSG for free at:
Teekay Offshore Partners
At the close of trading on Tuesday, shares in Hamilton, Bermuda headquartered Teekay Offshore Partners L.P. recorded a trading volume of 781,376 shares, which was above their three months average volume of 726,510 shares. The stock finished 0.39% higher at $5.11. The Company's shares have gained 2.94% on an YTD basis. The stock is trading below its 200-day moving average by 6.66%. Furthermore, shares of Teekay Offshore Partners, which provides marine transportation, oil production, storage, long-distance towing, offshore installation and maintenance, and safety services to the offshore oil industry in the North Sea and Brazil, have an RSI of 37.59.
On February 23rd, 2017, Teekay Offshore reported GAAP net income attributable to the partners and preferred unit-holders of $92.0 million and adjusted net income attributable to the partners and preferred unit-holders of $8.5 million in Q4 2016. The Company generated distributable cash flow of $21.6 million, or $0.15 per common unit, in Q4 2016 and $161.3 million, or $1.28 per common unit, during full year 2016. Get free access to your technical report on TOO at:
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