NEW YORK, March 13, 2017 /PRNewswire/ --
Operators in the global Shipping industry transport cargo through designated sea routes, and can be broadly classified into wet bulk, dry bulk, and liners. The global shipping industry is regulated by the International Maritime Organization. Ahead of today's trading session, Stock-Callers.com shifts focus on these four stocks: Top Ships Inc. (NASDAQ: TOPS), Tsakos Energy Navigation Ltd (NYSE: TNP), Star Bulk Carriers Corp. (NASDAQ: SBLK), and Teekay LNG Partners L.P. (NYSE: TGP). Learn more about these stocks by downloading their comprehensive and free reports at:
Maroussi, Greece-based Top Ships Inc.'s shares finished Friday's session 4.90% lower at $1.36. A total volume of 1.01 million shares was traded, above their three months average volume of 581,840 shares. The stock is trading 39.31% below its 50-day moving average. Moreover, shares of Top Ships, which provides seaborne transportation services worldwide, have an RSI of 31.22. TOPS complete research report is just a click away and free at:
Tsakos Energy Navigation
Shares in Athens, Greece-based Tsakos Energy Navigation Ltd ended the day 1.59% higher at $4.46 with a total trading volume of 190,024 shares. The stock is trading below its 50-day moving average by 6.75%. Shares of the Company, which provides international seaborne crude oil and petroleum product transportation services worldwide, have a Relative Strength Index (RSI) of 35.94.
On March 09th, 2017, Tsakos Energy Navigation, a leading diversified crude, product, and LNG tanker operator, announced an up to 18 months time charter with minimum and profit sharing provision for the newly delivered VLCC Hercules I to a major US oil Company. The complimentary report on TNP can be downloaded at:
Star Bulk Carriers
Athens, Greece-based Star Bulk Carriers Corp.'s stock surged 9.00%, closing the session at $9.81. A total volume of 591,232 shares was traded, which was above their three months average volume of 537,830 shares. The Company's shares have gained 14.60% in the last one month, 80.66% in the previous three months, and 91.98% on an YTD basis. The stock is trading 19.39% above its 50-day moving average and 83.79% above its 200-day moving average. Additionally, shares of Star Bulk Carriers, which provides seaborne transportation solutions in the dry bulk sector worldwide, have an RSI of 57.98.
On February 21st, 2017, research firm Deutsche Bank upgraded the Company's stock rating from 'Hold' to 'Buy' while revising its previous target price from $3.50 a share to $12 a share.
On March 08th, 2017, Star Bulk announced that it has entered into definitive agreements to acquire two modern Kamsarmax drybulk carriers (the "Vessels") from an unaffiliated third party for an aggregate total consideration of approximately US$30.3 million. Each of the Vessels has a carrying capacity of 81,713 deadweight tons and was built with high specifications at Jiangsu New Yangzijiang in 2013. The Vessels are expected to be delivered to Star Bulk between March and May 2017. The Company is currently in advanced discussions with a financial institution to secure financing for up to 50% of the acquisition costs of the Vessels. Sign up for your complimentary research report on SBLK at:
Teekay LNG Partners
On Friday, shares in Hamilton, Bermuda-based Teekay LNG Partners L.P. finished the session 1.15% lower at $17.15 with a total trading volume of 225,395 shares. The stock is up 9.39% over the previous three months and 19.61% on a YTD basis. The Company's shares are trading above their 200-day moving average by 20.22%. Furthermore, shares of Teekay LNG Partners, which provides marine transportation services for liquefied natural gas (LNG), liquefied petroleum gas, and crude oil worldwide, have an RSI of 39.80.
On February 23rd, 2017, Teekay LNG reported GAAP net income attributable to the partners and preferred unit-holders of $84.4 million and adjusted net income attributable to the partners and preferred unit-holders of $29.0 million in Q4 2016. The Company generated GAAP income from vessel operations of $38.0 million and $153.2 million, respectively, and total cash flow from vessel operations of $114.5 million and $480.1 million, respectively, in Q4 2016 and FY16. Teekay LNG generated distributable cash flow of $50.2 million, or $0.63 per common unit, in Q4 2016. The Company completed approximately $1.0 billion of new long-term financings for the Partnership's growth projects to fund four MEGI LNG carrier newbuildings, the Bahrain regasification terminal, and two LPG carrier newbuildings in the Exmar LPG joint venture. Get free access to your research report on TGP at:
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@example.com. 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.
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
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:
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