NEW YORK, August 29, 2016 /PRNewswire/ --
The global Shipping segment is experiencing one of its worst years in terms of losses. According to Janet Porter of shipping news provider Lloyd's List, the industry sees a record-low growth of close to 0% this year as compared with the usual growth of 6% to 8%. Stock-Callers.com takes a look at today's featured companies and see how they have fared in recent weeks: DryShips Inc. (NASDAQ: DRYS), GasLog Ltd (NYSE: GLOG), Scorpio Bulkers Inc. (NYSE: SALT), and Diana Shipping Inc. (NYSE: DSX). Register now and get full and free access to our downloadable research reports on these stocks at:
Last Friday, shares in Athens, Greece-based DryShips Inc. ended the day 4.00% higher at $0.83. The stock recorded a trading volume of 2.48 million shares, which was above its three months average volume of 654,580 shares. The Company's shares are trading below their 50-day moving average by 54.14%. Furthermore, shares of DryShips, which provides seaborne dry cargo and offshore support services, have a Relative Strength Index (RSI) of 30.09.
On August 8th, 2016, DryShips reported a net loss of $9.16 million, or $(0.34) per basic and diluted loss share, for Q2 2016 compared to net loss of $1.44 billion, or $(54.17) per basic and diluted loss share, for Q2 2015. The company's revenue was $13.17 million in Q2 2016 versus revenue of $403.18 million in the year ago period. Access our complete research report on DRYS for free at:
Monaco-based GasLog Ltd's stock finished Friday's session 1.53% lower at $13.52. A total volume of 365,457 shares was traded. The Company's shares have gained 4.07% in the last one month, 12.65% in the previous three months, and 68.62% on an YTD basis. The stock is trading above its 50-day and 200-day moving averages by 1.52% and 25.21%, respectively. Moreover, shares of GasLog, which together with its subsidiaries, engages in the ownership, operation, and management of vessels in the liquefied natural gas (LNG) market worldwide, have an RSI of 45.46.
On August 04th, 2016, GasLog reported revenues of $114.5 million for Q2 2016, compared with revenue of $104.4 million in Q2 2015. During the reported quarter, the company posted profit of $3.3 million versus profit of $16.7 million in the year ago period. GasLog reported loss per share of $0.13 for the quarter ended June 30, 2016, as compared to earnings per share of $0.07 in Q2 2015. The complimentary research report on GLOG can be downloaded at:
Shares in Monaco-based Scorpio Bulkers Inc. ended the session 1.85% higher at $3.31. The stock recorded a trading volume of 223,366 shares. The Company's shares have gained 1.53% in the last month. The stock is trading above its 50-day moving average by 6.22%. Moreover, shares of Scorpio Bulkers, which together with its subsidiaries, engages in the marine transportation of dry bulk commodities, have an RSI of 54.77.
On July 27th, 2016, Scorpio Bulkers reported that for the three months ended June 30th, 2016, GAAP net loss was $24.7 million, or $0.48 loss per diluted share, compared to a GAAP net loss of $138.6 million, or $8.50 loss per diluted share, for the three months ended June 30th, 2015. The company's Time Charter Equivalent (TCE) revenue was $17.4 million for Q2 2016, compared to $12.6 million during the prior year's quarter. TCE revenue per day was $5,303 and $6,663 for Q2 of 2016 and 2015, respectively.
On August 02nd, 2016, research firm Seaport Global Securities resumed its 'Buy' rating on the Company's stock, issuing a target price of $5 per share. Register for free on Stock-Callers.com and get access to the latest PDF format report on SALT at:
Athens, Greece-based Diana Shipping Inc.'s shares recorded a trading volume of 2.31 million shares last Friday, which was higher than their three months average volume of 464,070 shares. The stock closed 5.00% lower at $2.28. The Company's shares are trading 11.48% below their 50-day moving average. Additionally, shares of Diana Shipping, which provides shipping transportation services, have an RSI of 38.76.
On August 02nd, 2016, research firm Seaport Global Securities resumed its 'Neutral' rating on the Company's stock, issuing a target price of $3 per share.
On August 26th, 2016, Diana Shipping announced that it has engaged financial advisors and has entered into negotiations with certain of its lenders to amend its outstanding loan facilities. In connection with these negotiations, the company has reached an agreement in principle with certain lenders, including the company's largest lender, for terms that include, among other provisions, the deferral of amortization payments and amending financial covenants. Download your free research report on DSX at:
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