NEW YORK, October 26, 2016 /PRNewswire/ --
The global Shipping industry is involved in the transportation of cargo through designated sea routes. Determining the revenue of companies in this space are freight rates, which are also the segment's primary demand and supply driver. Today, Stock-Callers.com takes note of the recent performances of Capital Product Partners L.P. (NASDAQ: CPLP), Teekay Offshore Partners L.P. (NYSE: TOO), Navios Maritime Holdings Inc. (NYSE: NM), and Teekay LNG Partners L.P. (NYSE: TGP). Today's research reports on the aforementioned stocks are downloadable for free upon registration at:
Capital Product Partners
On Tuesday, shares in Piraeus, Greece headquartered Capital Product Partners L.P. recorded a trading volume of 539,221 shares. The stock ended the session 0.31% lower at $3.20. The Company's shares are trading 0.43% above their 200-day moving average. Moreover, shares of Capital Product Partners, which provides marine transportation services in Greece, have a Relative Strength Index (RSI) of 47.33.
On October 20th, 2016, the company announced that its board of directors has declared a cash distribution of $0.075 per common unit for Q3 2016. The cash distribution will be paid on November 14th, 2016, to unit-holders of record on November 7th, 2016. Visit us today and access our complete research report on CPLP at:
Teekay Offshore Partners
Hamilton, Bermuda headquartered Teekay Offshore Partners L.P.'s stock closed the day 0.47% lower at $6.36 and with a total trading volume of 141,941 shares. The Company's shares have advanced 11.58% in the past month, 15.64% over the previous three months, and 4.57% on an YTD basis. The stock is trading 8.79% above its 50-day moving average and 22.36% above its 200-day moving average. Additionally, shares of Teekay Offshore Partners, which provides marine transportation, oil production, storage, long-distance towing, offshore installation and maintenance, and safety services to the offshore oil industry in the North Sea and Brazil, have an RSI of 58.19.
On October 24th, 2016, the company announced plan to release its financial results for Q3 2016 before market open on November 3rd, 2016 and host conference calls at 12:00 pm ET on the same day to discuss these results. The complimentary report on TOO can be downloaded at:
Shares in Monaco-based Navios Maritime Holdings Inc. recorded a trading volume of 511,463 shares, which was higher than their three months average volume of 510,450 shares. The stock ended yesterday's trading session 1.67% lower at $1.18. The Company's shares have advanced 14.56% in the previous three months. The stock is trading above its 50-day and 200-day moving averages by 5.87% and 12.20%, respectively. Furthermore, shares of Navios Maritime, which operates as a seaborne shipping and logistics company, have an RSI of 53.83.
On October 18th, 2016, Navios Maritime announced that it increased the exchange consideration to ADS holders and extended the expiration date of the Exchange Offer through 11:59 pm on October 31st, 2016. For shares of Series G ADS surrendered, the Company is offering $7.18 in cash and/or 6.29 shares of Common Stock. The revised consideration represents an increase of (1) $1.33 per share in cash and (2) 1.52 of a share of Common Stock. The Exchange Offer includes a premium of 38.0% to the closing price of the Series G ADS on October 17th, 2016. For shares of Series H ADS surrendered, the Company is offering $7.06 in cash and/or 6.19 shares of Common Stock. This consideration represents an increase of (1) $1.31 per share in cash and (2) 1.5 of a share in Common Stock. This Exchange Offer includes a premium of 36.2% to the closing price of the Series H ADS on October 17th, 2016. Register for free on Stock-Callers.com and access the latest research report on NM at:
Teekay LNG Partners
Hamilton, Bermuda-based Teekay LNG Partners L.P.'s stock finished Tuesday's session 3.74% lower at $15.45 with a total trading volume of 241,806 shares. The Company's shares have advanced 7.22% in the last one month, 44.26% over the previous three months, and 21.74% since the start of this year. The stock is trading above its 50-day and 200-day moving averages by 7.33% and 24.40%, respectively. Additionally, shares of Teekay LNG Partners, which provides marine transportation services for liquefied natural gas, liquefied petroleum gas, and crude oil worldwide, have an RSI of 54.11.
On October 18th, 2016, the company announced that it has issued NOK 900 million in new senior unsecured bonds that mature in October 2021 in the Norwegian bond market. The new bond issuance has an aggregate principal amount equivalent to approximately USD 110 million and all payments will be swapped into a US dollar fixed-rate coupon of approximately 7.75%. The net proceeds will be used for refinancing its 2017 NOK bonds and general partnership purposes, including funding of new building installments. Get free access to your research report on TGP at:
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