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:
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:
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:
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:
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:
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