Breakfast Technical Briefing on Shipping Stocks -- Teekay Offshore Partners, Top Ships, Golar LNG, and DHT Holdings
NEW YORK, July 27, 2017 /PRNewswire/ --
If you want a Stock Review on TOO, TOPS, GLNG, or DHT then come over to http://dailystocktracker.com/register/ and sign up for your free customized report today. This morning, DailyStockTracker.com recalls the recent performances of Teekay Offshore Partners L.P. (NYSE: TOO), Top Ships Inc. (NASDAQ: TOPS), Golar LNG Ltd (NASDAQ: GLNG), and DHT Holdings Inc. (NYSE: DHT). According to an article on The Wall Street Journal, industry executives and analysts say the worst may be over for the Shipping industry, at least for container and dry-bulk ship operators, thanks to the improving global economy. Early hints of a recovery in the oil-tanker business are starting to emerge. Daily Stock Tracker published free research reports on these stocks today at:
http://dailystocktracker.com/register/
Teekay Offshore Partners
Hamilton, Bermuda headquartered Teekay Offshore Partners L.P.'s shares gained 1.57%, closing Wednesday's trading session at $2.58. The stock recorded a trading volume of 792,386 shares. The Company's shares have advanced 6.17% in the last month. The stock is trading 8.67% below its 50-day moving average. Additionally, shares of Teekay Offshore Partners, which provides marine transportation, oil production, storage, long-distance towing, offshore installation and maintenance, and safety services to the energy and oil service companies in the North Sea, Brazil, and the East Coast of Canada, have a Relative Strength Index (RSI) of 48.85.
On July 26th, 2017, research firm Citigroup upgraded the Company's stock rating from 'Neutral' to 'Buy'. See our free and comprehensive research report on TOO at:
http://dailystocktracker.com/registration/?symbol=TOO
Top Ships
On Wednesday, shares in Maroussi, Greece-based Top Ships Inc. recorded a trading volume of 9.47 million shares, which was above their three months average volume of 2.73 million shares. The stock dropped 30.30%, ending the day at $0.32. The Company's shares are trading below their 50-day moving average by 90.66%. Furthermore, shares of Top Ships, which provides seaborne transportation services worldwide, have an RSI of 24.59.
On June 30th, 2017, Top Ships announced that it has received written notification from The NASDAQ Stock Market, dated June 27th, 2017, indicating that because the closing bid price of the Company's common stock for the last 30 consecutive business days was below $1.00 per share, it no longer meets the minimum bid price requirement for the NASDAQ Capital Market. Pursuant to the NASDAQ Listing Rules, the applicable grace period to regain compliance is 180 days, or until December 26th, 2017. TOPS free research report is just a click away at:
http://dailystocktracker.com/registration/?symbol=TOPS
Golar LNG
Hamilton, Bermuda headquartered Golar LNG Ltd's stock finished the day 1.05% lower at $23.53 with a total trading volume of 556,710 shares. The Company's shares have advanced 7.49% in the last one month and 2.57% on an YTD basis. The stock is trading above its 50-day moving average by 0.06%. Additionally, shares of Golar, which engages in the transportation, regasification, liquefaction, and trading of LNG, have an RSI of 51.01. Sign up for your complimentary report on GLNG at:
http://dailystocktracker.com/registration/?symbol=GLNG
DHT Holdings
Shares in Hamilton, Bermuda headquartered DHT Holdings Inc. ended yesterday's session 0.49% lower at $4.10. The stock recorded a trading volume of 613,441 shares. The Company's shares have advanced 2.76% in the last one month. The stock is trading 1.95% below its 50-day moving average. Moreover, shares of DHT Holdings, which through its subsidiaries, owns and operates crude oil tankers primarily in Oslo, Norway and Singapore, have an RSI of 43.20.
On July 06th, 2017, DHT Holdings announced that it has 142,347,298 common shares issued and outstanding subsequent to the issuance of common shares upon the conversion of the Series D Junior Participating Preferred Stock issued to BW Group Limited pursuant to the previously announced Vessel Acquisition Agreement between the two companies. Register for free on DailyStockTracker.com and download the latest research report on DHT at:
http://dailystocktracker.com/registration/?symbol=DHT
Daily Stock Tracker:
Daily Stock Tracker (DST) 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. DST 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.
DST 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 [email protected]. 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 DST. DST 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
DST, 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. DST, 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, DST, 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 DST 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://dailystocktracker.com/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: [email protected]
Phone number: (207)331-3313
Office Address: 377 Rivonia Boulevard, Rivonia, South Africa
CFA® and Chartered Financial Analyst® are registered trademarks owned by CFA Institute.
SOURCE Chelmsford Park SA
Share this article