Initiating Research Reports on Shipping Equities -- Seaspan, DryShips, Nordic American Tankers, and Teekay Offshore Partners
Nov 21, 2017, 05:25 ET
NEW YORK, Nov. 21, 2017 /PRNewswire/ --If you want a Stock Review on SSW, DRYS, NAT, or TOO then come over to http://dailystocktracker.com/register/ and sign up for your free customized report. For today, DailyStockTracker.com revisits the Shipping industry, which is no stranger to economic fluctuations, given its deep links to global demand dynamics, commodity prices, and rules of international trade. Four equities have been lined up for assessment, and they are Seaspan Corp. (NYSE: SSW), DryShips Inc. (NASDAQ: DRYS), Nordic American Tankers Ltd (NYSE: NAT), and Teekay Offshore Partners L.P. (NYSE: TOO). This morning's free research reports on the equities are available upon registration on DailyStockTracker.com at:
http://dailystocktracker.com/register/
Seaspan
Last Friday, shares in Central, Hong Kong-based Seaspan Corp. ended the session 0.34% lower at $5.88. The stock recorded a trading volume of 909,569 shares. The Company's shares are trading 12.55% below their 200-day moving average. Moreover, shares of Seaspan, which operates as an independent charter owner and manager of containerships in Hong Kong, have a Relative Strength Index (RSI) of 29.06.
On October 31st, 2017, Seaspan announced its financial results for the three and nine months ended September 30th, 2017. For Q3 2017, total revenues were $211.0 million; earnings per diluted share were $0.26; and adjusted EBITDA was $125.1 million. For the nine months ended September 30th, 2017, total revenues were $616.9 million; earnings per diluted share were $0.60; and adjusted EBITDA was $125.1 million. Visit us today and access our complete research report on SSW at:
http://dailystocktracker.com/registration/?symbol=SSW
DryShips
Athens, Greece-based DryShips Inc.'s stock jumped 7.51%, to close the day at $4.15 with a total trading volume of 4.30 million shares. The Company's shares have advanced 14.96% in the past month and 35.18% over the previous three months. The stock is trading 23.00% above its 50-day moving average. Additionally, shares of DryShips, which owns and operates ocean going cargo vessels worldwide, have an RSI of 56.59.
On November 17th, 2017, DryShips announced that it will release its results for Q3 2017 after the market closes in New York on November 21st, 2017. The complimentary report on DRYS can be downloaded at:
http://dailystocktracker.com/registration/?symbol=DRYS
Nordic American Tankers
Shares in Hamilton, Bermuda-based Nordic American Tankers Ltd recorded a trading volume of 856,000 shares at the close of the last trading session. The stock ended the day 0.72% lower at $4.12. The Company's shares are trading below their 50-day moving average by 16.64%. Furthermore, shares of the Company, which engages in acquiring and chartering double-hull tankers worldwide, have an RSI of 32.36.
On October 23rd, 2017, research firm Maxim Group reiterated its 'Sell' rating on the Company's stock with a decrease of the target price from $4 a share to $3 a share.
On November 07th, 2017, Nordic American Tankers announced that its Board of Directors has scheduled the Company's 2017 Annual General Meeting of Shareholders on December 12th, 2017 at 9:00 a.m. local time in Hamilton, Bermuda. Register for free on DailyStockTracker.com and access the latest research report on NAT at:
http://dailystocktracker.com/registration/?symbol=NAT
Teekay Offshore Partners
Hamilton, Bermuda headquartered Teekay Offshore Partners L.P.'s shares finished Friday's session 2.93% lower at $2.32. A total volume of 523,145 shares was traded. The stock is trading below its 50-day moving average by 8.86%. Furthermore, shares of the Company, 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 an RSI of 35.95.
On November 09th, 2017, Teekay Offshore GP LLC, the general partner of Teekay Offshore Partners L.P. ("the Partnership"), reported the Partnership's results for the quarter ended September 30th, 2017. Revenues for Q3 2017 were $273.6 million, GAAP net loss attributable to the Partners and preferred unit-holders was $317.5 million, and distributable cash flow was $13.4 million. As of September 30th, 2017, the Partnership had total liquidity of $416.3 million. Get free access to your research report on TOO at:
http://dailystocktracker.com/registration/?symbol=TOO
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]. RohitTuli, 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 Morris Capital Inc