Research Reports on Shipping Equities -- DryShips, Scorpio Tankers, Teekay Tankers, and Diana Shipping
NEW YORK, May 22, 2017 /PRNewswire/ --
Today, Stock-Callers.com directs attention to DryShips Inc. (NASDAQ: DRYS), Scorpio Tankers Inc. (NYSE: STNG), Teekay Tankers Ltd (NYSE: TNK), and Diana Shipping Inc. (NYSE: DSX). According to Moody's Japan K.K., the outlook for the global Shipping industry is stable, given that - after excluding M&As and spinoffs - the aggregate EBITDA of rated shipping companies will remain at similar levels in 2017 as last year. Learn more about these stocks by accessing their free research reports at: http://stock-callers.com/registration
DryShips
Shares in Athens, Greece-based DryShips Inc. ended Friday's session 5.88% lower at $4.00 with a total trading volume of 2.50 million shares. The stock has advanced 136.69% in the last month. The Company's shares are trading 124.15% above their 50-day moving average. Moreover, shares of DryShips, which owns and operates ocean going cargo vessels worldwide, have a Relative Strength Index (RSI) of 64.77.
On May 17th, 2017, DryShips announced that it has taken delivery of the previously announced 81,129-deadweight tons Kamsarmax drybulk carrier built in 2014. The vessel will be employed in the spot market. Since the beginning of this year, the Company has taken delivery of five vessels, and expects to take delivery of twelve more by the end of the year. Free research report on DRYS is available at: http://stock-callers.com/registration/?symbol=DRYS
Scorpio Tankers
Monaco-based Scorpio Tankers Inc.'s shares rose 2.48%, closing the day at $4.13. A total volume of 1.96 million shares was traded. The stock has advanced 1.71% in the last month. The Company's shares are trading 2.32% below their 50-day moving average. Additionally, shares of Scorpio Tankers, which together with its subsidiaries, engages in the seaborne transportation of refined petroleum products worldwide, have an RSI of 47.96.
On May 08th, 2017, Scorpio Tankers announced that it has reached an agreement with an unrelated third party to sell two of its 2013 built MR product tankers - STI Sapphire and STI Emerald - for approximately $56.4 million in aggregate. The sales are expected to close in June 2017, at which time the Company will repay the outstanding secured debt for these vessels of $27.6 million in aggregate.
On May 12th, 2017, research firm Bank of America/ Merrill upgraded the Company's stock rating from 'Underperform' to 'Buy'. The complimentary research report on STNG can be downloaded at: http://stock-callers.com/registration/?symbol=STNG
Teekay Tankers
Last Friday, shares in Hamilton, Bermuda-based Teekay Tankers Ltd closed the session flat at $1.93. The stock recorded a trading volume of 928,856 shares. The Company's shares are trading 6.40% below their 50-day moving average. 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 36.77.
On May 17th, 2017, Teekay Tankers announced that its Board of Directors has declared a cash dividend of $0.03 per share for the quarter ended March 31st, 2017, representing the minimum quarterly dividend. The cash dividend is payable on June 02nd, 2017 to all shareholders of record as of May 29th, 2017. Visit us today and access our complete research report on TNK at: http://stock-callers.com/registration/?symbol=TNK
Diana Shipping
Athens, Greece-based Diana Shipping Inc.'s stock finished the session 3.61% higher at $3.73 with a total trading volume of 1.09 million shares. The Company's shares have advanced 23.51% on YTD basis. The stock is trading above its 200-day moving average by 8.43%. Additionally, shares of Diana Shipping, which provides shipping transportation services, have an RSI of 41.61.
On May 15th, 2017, Diana Shipping announced that at its Annual Meeting of Shareholders held last May 11th, 2017 in Zurich, Switzerland, the following was approved and adopted: the election of Apostolos Kontoyannis, Semiramis Paliou, and Konstantinos Fotiadis as Class III Directors, to serve until the Company's 2020 Annual Meeting of Shareholders; and the appointment of Ernst & Young (Hellas) Certified Auditors Accountants S.A. as the Company's independent auditors for the fiscal year ending December 31st, 2017. Get free access to your research report on DSX at: http://stock-callers.com/registration/?symbol=DSX
--
Stock Callers:
Stock Callers (SC) 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. SC 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.
SC 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 SC. SC 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
SC, 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. SC, 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, SC, 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 SC 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://stock-callers.com/legal-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: +44-330-808-3765
Office Address: Clyde Offices, Second Floor, 48 West George Street, Glasgow, U.K. -G2 1BP
CFA® and Chartered Financial Analyst® are registered trademarks owned by CFA Institute.
SOURCE Chelmsford Park SA
Share this article