NEW YORK, February 22, 2017 /PRNewswire/ --
The following research reports have been issued this morning by Stock-Callers.com on DryShips Inc. (NASDAQ: DRYS), Scorpio Tankers Inc. (NYSE: STNG), DHT Holdings Inc. (NYSE: DHT), and Nordic American Tankers Ltd (NYSE: NAT). According to global Shipping consultancy Drewry, earnings in the dry bulk market are expected to improve from 2017 onwards, with demand projected to grow at a pace of 3%. Supply is also expected to grow by about 1% from this year. Download the free research reports on these stocks today:
On Tuesday, shares in Athens, Greece-based DryShips Inc. recorded a trading volume of 25.22 million shares, which was above their three months average volume of 22.91 million shares. The stock ended the session 26.62% lower at $3.28. The Company's shares are trading 81.93% below their 50-day moving average. Moreover, shares of DryShips, which provides seaborne dry cargo and offshore support services, have a Relative Strength Index (RSI) of 22.18.
On February 21st, 2017, DryShips announced that it has entered into agreements with unaffiliated third parties to acquire one 113,644 DWT Aframax tanker currently under construction in South Korea. The Company expects to take delivery of this vessel sometime in Q2 2017. The vessel is expected to be employed in the spot market. DryShips also purchased one 320,105 DWT Very Large Crude Carrier built in 2011. The Company expects to take delivery of this vessel sometime in Q2 2017. The vessel is expected to be employed in the spot market. The total gross price for the two vessels is expected to be approximately $102.5 million. See our free and comprehensive research report on DRYS at:
Monaco-based Scorpio Tankers Inc.'s stock closed the day 0.23% lower at $4.29 with a total trading volume of 1.86 million shares. The Company's shares have advanced 2.20% in the previous three months. The stock is trading 0.35% 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 an RSI of 55.61.
On February 14th, 2017, research firm Morgan Stanley upgraded the Company's stock rating from 'Equal-Weight' to 'Overweight'.
On February 21st, 2017, Scorpio Tankers announced that Scorpio Services Holding Limited, a related party affiliate, purchased an aggregate of 425,000 common shares of the Company in the open market at an average price of $4.29 per share. STNG free research report PDF is just a click away at:
Shares in Hamilton, Bermuda headquartered DHT Holdings Inc. recorded a trading volume of 994,042 shares. The stock ended yesterday's trading session 1.46% higher at $4.86. The Company's shares have advanced 12.29% in the past month, 30.36% over the previous three months, and 19.34% on an YTD basis. The stock is trading above its 50-day and 200-day moving averages by 14.26% and 10.84%, respectively. Furthermore, shares of DHT Holdings, which together with its subsidiaries, owns and operates crude oil tankers in Bermuda, have an RSI of 65.48.
On January 30th, 2017, research firm Stifel reiterated its 'Hold' rating on the Company's stock with an increase of the target price from $4.50 a share to $5 a share.
On February 13th, 2017, DHT Holdings announced that, in connection with the cumulative effect of the previously announced (i) cash dividend of $0.02 per share of common stock paid on November 23rd, 2016 to stockholders of record as of the close of business on November 16th, 2016 and (ii) cash dividend of $0.08 per share of common stock to be paid on February 22nd, 2017 to stockholders of record as of the close of business on February 14th, 2017, the Conversion Price of the Company's 4.5% Convertible Senior Notes due 2019 was adjusted, effective February 10th, 2017. The Conversion Price was adjusted from $6.6570 per share to $6.5097. Sign up for your complimentary report on DHT at:
Nordic American Tankers
Hamilton, Bermuda-based Nordic American Tankers Ltd's stock finished Tuesday's session 0.60% lower at $8.29 with a total trading volume of 1.19 million shares. The Company's shares have advanced 1.04% since the start of this year. The stock is trading below its 50-day moving average by 2.91%. Additionally, shares of Nordic American Tankers, which engages in acquiring and chartering double-hull tankers in Bermuda and internationally, have an RSI of 45.56.
On February 06th, 2017, Nordic American Tankers reported that earnings per share (EPS) were -$0.02 in Q4 2016 compared to EPS of $0.34 in Q4 2015. The Company`s adjusted net operating earnings in Q4 2016 was $28.2 million compared to adjusted net operating earnings of $57.2 million in Q4 2015. At the end of Q4 2016, the Company had net debt of about $305 million. Register for free on Stock-Callers.com and download the latest research report on NAT at:
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