Pre-Market Technical Recap on Shipping Stocks -- Top Ships, Golar LNG, Seaspan, and Teekay Tankers
NEW YORK, October 6, 2017 /PRNewswire/ --
If you want a Stock Review on TOPS, GLNG, SSW, or TNK then come over to http://dailystocktracker.com/register/ and sign up for your free customized report. For today, DailyStockTracker.com scans the following equities: Top Ships Inc. (NASDAQ: TOPS), Golar LNG Ltd (NASDAQ: GLNG), Seaspan Corp. (NYSE: SSW), and Teekay Tankers Ltd (NYSE: TNK). According to an article on The Straits Times, France's CMA CGM, the world's third-largest container line, said that the global Container Shipping sector is in its strongest position in years, thanks to sweeping consolidation and stronger economic growth, leaving it well placed to withstand competition from trains on major Asia-Europe routes. Daily Stock Tracker provides great insights on these stocks in its free research reports at:
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Top Ships
Maroussi, Greece-based Top Ships Inc.'s shares plummeted 10.42%, finishing Thursday's trading session at $0.27. A total volume of 2.91 million shares was traded, which was higher than their three months average volume of 1.68 million shares. The stock is trading below its 50-day moving average by 85.06%. Moreover, shares of Top Ships, which provides seaborne transportation services worldwide, have a Relative Strength Index (RSI) of 25.79.
On September 13th, 2017, Top Ships announced that upon its delivery from Hyundai in the third quarter of 2018, M/T Eco Palm Desert will enter into time charter employment with Central Ship Chartering Inc, a related party, for a firm duration of three years. The charterer has the option to extend the firm employment period by two additional years. The Company expects a total gross revenue backlog associated with this time charter of up to $27.5 million, including the optional periods. Free research report on TOPS is available at:
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Golar LNG
On Thursday, shares in Hamilton, Bermuda headquartered Golar LNG Ltd recorded a trading volume of 767,956 shares, and ended the session 0.84% higher at $22.74. The stock has gained 9.70% in the last one month and 1.25% over the previous three months. The Company's shares are trading 5.03% above their 50-day moving average. Furthermore, shares of Golar, which engages in the transportation, regasification, liquefaction, and trading of LNG, have an RSI of 61.57.
On October 02nd, 2017, Golar announced that the FLNG Hilli Episeyo, in-line with previous guidance, departed Keppel Shipyard on October 01st, 2017. Having successfully reached mechanical completion, the vessel has been moved to deep-water anchorage where Keppel Shipyard will complete final marine commissioning. Hilli Episeyo is currently expected to leave Singapore between October 15th, 2017, and October 20th, 2017. The complimentary research report on GLNG can be downloaded at:
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Seaspan
Shares in Central, Hong Kong-based Seaspan Corp. closed at $6.94, down 1.28% from the last trading session. The stock recorded a trading volume of 800,596 shares. The Company's shares have gained 8.44% over the previous three months. The stock is trading 0.13% below its 50-day moving average. Additionally, shares of Seaspan, which operates as an independent charter owner and manager of containerships in Hong Kong, have an RSI of 46.74.
On October 02nd, 2017, Seaspan announced that the Company has priced its previously announced $80 million public offering of senior unsecured notes due 2027. The Notes will mature on October 30th, 2027 and will bear interest at a rate of 7.125% per year, payable quarterly on each January 30th, April 30th, July 30th, and October 30th, beginning on January 30th, 2018. Visit DailyStockTracker.com today and access our complete research report on SSW at:
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Teekay Tankers
Hamilton, Bermuda-based Teekay Tankers Ltd's stock ended flat at $1.60 with a total trading volume of 376,625 shares. The Company's shares have advanced 14.29% in the last one month. The stock is trading above its 50-day moving average by 2.63%. Furthermore, shares of Teekay Tankers, which engages in the marine transportation of crude oil and refined petroleum products through the operation of its oil and product tankers worldwide, have an RSI of 53.40.
On September 15th, 2017, Teekay Tankers announced that its Board of Directors has authorized a share repurchase program for the repurchase of up to $45 million of the Company's Class A common shares. Shares may be repurchased in the open market at times and prices considered appropriate by the Company. The timing of any purchases and the exact number of shares to be purchased under the program will be dependent on market conditions and other factors. Get free access to your research report on TNK at:
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