Shipping Stocks Technical Reports -- Scorpio Tankers, DHT Holdings, Teekay Tankers, and Overseas Shipholding

Aug 01, 2016, 07:40 ET from Chelmsford Park SA

NEW YORK, August 1, 2016 /PRNewswire/ --

Stock-Callers.com focus is shifted on four Shipping stocks ahead of today's trading session, namely: Scorpio Tankers Inc. (NYSE: STNG), DHT Holdings Inc. (NYSE: DHT), Teekay Tankers Ltd (NYSE: TNK), and Overseas Shipholding Group Inc. (NYSE: OSG). After hitting rough waters in 2015, the global Shipping industry is now slowly picking up momentum, but outlook remains weak due to depressed commodities demand. Download the free research reports on these stocks today:

http://stock-callers.com/registration

Scorpio Tankers  

Monaco-based Scorpio Tankers Inc.'s shares saw a decline of 0.42%, finishing last Friday's session at $4.76. A total volume of 5.82 million shares was traded, which was above their three months average volume of 2.74 million shares. Over the last month, the stock has advanced 8.18%. The Company's shares are trading below their 50-day moving average by 3.42%. 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 51.31.

On July 06th, 2016 Scorpio Tankers announced that the company has received a commitment for a loan facility up to $300 million from ABN AMRO Bank N.V., Nordea Bank Finland PLC, and Skandinaviska Enskilda Banken AB. The loan facility will be used to refinance the existing indebtedness on 16 MR product tankers, and has a final maturity of five years from the first drawdown date. It also bears interest at LIBOR plus a margin of 2.50% per annum. The loan facility will be comprised of a term loan up to $200 million and a revolver up to $100 million, and the availability can be used to finance up to 60% of the fair market value of the respective vessels. See our free and comprehensive research report on STNG at:

http://stock-callers.com/registration/?symbol=STNG

DHT Holdings  

On Friday, Hamilton, Bermuda headquartered DHT Holdings Inc.'s stock ended the session 0.21% lower at $4.66 and with a total volume of 1.95 million shares traded. Shares of the Company, which together with its subsidiaries, owns and operates crude oil tankers in Bermuda, are trading below their 50-day moving average by 9.48%. The stock has an RSI of 37.19.

On July 28th, 2016, DHT announced that it will release its Q2 2016 results after market close on August 9th, 2016. The company will host a conference call and webcast at 8:00 a.m. EDT on August 10th, 2016 to discuss its quarterly results. DHT free research report PDF is just a click away at:

http://stock-callers.com/registration/?symbol=DHT

Teekay Tankers  

Hamilton, Bermuda-based Teekay Tankers Ltd's stock gained 1.37%, to close the day at $2.95 with a total volume of 1.58 million shares traded. Shares of the Company, which engages in the marine transportation of crude oil and refined petroleum products through the operation of its oil and product tankers worldwide, are trading 8.74% below their 50-day moving average.

On July 25th, 2016, Teekay Tankers announced plan to release its financial results for Q2 2016 before market open on August 4th, 2016. The company will host its earnings conference call at 1:00 pm ET on the same day. The stock has an RSI of 42.70. Sign up for your complimentary report on TNK at:

http://stock-callers.com/registration/?symbol=TNK

Overseas Shipholding Group  

Shares in New York headquartered Overseas Shipholding Group Inc. recorded a trading volume of 178,031 shares and ended the session at $12.79, up 2.90%. The stock has gained 16.27% in the past month and 17.34% on an YTD basis. Shares of the Company, which primarily engages in the ocean transportation of crude oil and petroleum products,  are trading above their 50-day and 200-day moving averages by 10.00% and 10.00%, respectively.

On July 16th, 2016, Overseas Shipholding Group announced the filing of a registration statement on Form 10 with the U.S. Securities and Exchange Commission, in connection with its previously announced plan to separate its international and domestic businesses. Overseas Shipholding Group expects that any separation would be achieved through a spin-off of OSG International, Inc. in Q2 of 2016 to create two standalone publicly traded companies, each of which will be better able to focus on its own business, creating the potential to enhance the long-term performance and shareholder value of each company. Register for free on Stock-Callers.com and download the latest research report on OSG at:

http://stock-callers.com/registration/?symbol=OSG

--

Stock Callers: 

Stock Callers (SC) produces regular sponsored and non-sponsored reports, articles, stock market blogs, and popular investment newsletters covering equities listed on NYSE and NASDAQ and micro-cap stocks. SC has two distinct and independent departments. One department produces non-sponsored analyst certified content generally in the form of press releases, articles and reports covering equities listed on NYSE and NASDAQ and the other produces sponsored content (in most cases not reviewed by a registered analyst), which typically consists of compensated investment newsletters, articles and reports covering listed stocks and micro-caps. Such sponsored content is outside the scope of procedures detailed below. 

SC has not been compensated; directly or indirectly; for producing or publishing this document. 

PRESS RELEASE PROCEDURES:

The non-sponsored content contained herein has been prepared by a writer (the "Author") and is fact checked and reviewed by a third party research service company (the "Reviewer") represented by a credentialed financial analyst [for further information on analyst credentials, please email info@stock-callers.com. Rohit Tuli, a CFA® charterholder (the "Sponsor"), provides necessary guidance in preparing the document templates. The Reviewer has reviewed and revised the content, as necessary, based on publicly available information which is believed to be reliable. Content is researched, written and reviewed on a reasonable-effort basis. The Reviewer has not performed any independent investigations or forensic audits to validate the information herein. The Reviewer has only independently reviewed the information provided by the Author according to the procedures outlined by SC. SC is not entitled to veto or interfere in the application of such procedures by the third-party research service company to the articles, documents or reports, as the case may be. Unless otherwise noted, any content outside of this document has no association with the Author or the Reviewer in any way.  

NO WARRANTY 

SC, the Author, and the Reviewer are not responsible for any error which may be occasioned at the time of printing of this document or any error, mistake or shortcoming. No liability is accepted whatsoever for any direct, indirect or consequential loss arising from the use of this document. SC, the Author, and the Reviewer expressly disclaim any fiduciary responsibility or liability for any consequences, financial or otherwise arising from any reliance placed on the information in this document. Additionally, SC, the Author, and the Reviewer do not (1) guarantee the accuracy, timeliness, completeness or correct sequencing of the information, or (2) warrant any results from use of the information. The included information is subject to change without notice. 

NOT AN OFFERING 

This document is not intended as an offering, recommendation, or a solicitation of an offer to buy or sell the securities mentioned or discussed, and is to be used for informational purposes only. Please read all associated disclosures and disclaimers in full before investing. Neither SC nor any party affiliated with us is a registered investment adviser or broker-dealer with any agency or in any jurisdiction whatsoever. To download our report(s), read our disclosures, or for more information, visit

http://stock-callers.com/legal-disclaimer/

CONTACT For any questions, inquiries, or comments reach out to us directly. If you're a company we are covering and wish to no longer feature on our coverage list contact us via email and/or phone between 09:30 EDT to 16:00 EDT from Monday to Friday at: Email: info@stock-callers.com Phone number: +44 330 808 3765 Office Address: Clyde Offices, Second Floor, 48 West George Street, Glasgow, U.K. -G2 1BP

CFA® and Chartered Financial Analyst® are registered trademarks owned by CFA Institute.

SOURCE Chelmsford Park SA