Shipping Stocks under Scanner -- Nordic American Tankers, Golar LNG, Teekay Tankers, and DryShips
NEW YORK, November 14, 2016 /PRNewswire/ --
This morning, Stock-Callers.com draws investors' attention back to the global Shipping industry to see how the outcome of the U.S. presidential election has affected the most recent performances of some companies. Under assessment today: are Nordic American Tankers Ltd (NYSE: NAT), Golar LNG Ltd (NASDAQ: GLNG), Teekay Tankers Ltd (NYSE: TNK), and DryShips Inc. (NASDAQ: DRYS). You can access of our complimentary research reports on these stocks now at: http://stock-callers.com/registration
Nordic American Tankers
Hamilton, Bermuda-based Nordic American Tankers Ltd's shares finished Friday's session 2.83% lower at $8.94. A total volume of 2.73 million shares was traded, which was above their three months average volume of 1.90 million shares. The stock has gained 0.99% in the last month. The Company's shares are trading below their 50-day moving average by 5.18%. Moreover, shares of Nordic American Tankers, which engages in acquiring and chartering double-hull tankers in Bermuda and internationally, have a Relative Strength Index (RSI) of 53.02.
On November 10th, 2016, Nordic American Tankers reported that Q3 2016 earnings per share (EPS) were $(0.08). In Q2 2016 and Q3 2015, EPS were $0.15 and $0.29, respectively. The Company's operating cash flow in the reported quarter was $21.7 million including the settlement gain of $5.3 million with Gulf Navigation. In Q2 2016 and Q3 2015, operating cash flow were $40.7 million and $49.1 million, respectively. Visit us today and download your complete report on NAT for free at: http://stock-callers.com/registration/?symbol=NAT
Golar LNG
Shares in Hamilton, Bermuda headquartered Golar LNG Ltd ended the day 1.83% higher at $24.50. A total volume of 1.48 million shares was traded, which was higher than their three months average volume of 1.32 million shares. The stock has advanced 13.11% in the last month, 23.46% in the previous three months, and 56.38% on an YTD basis. Shares of the Company, which engages in the transportation, regasification, liquefaction, and trading of LNG, are trading 11.48% and 30.13% above their 50-day and 200-day moving averages, respectively. Moreover, Golar's stock has an RSI of 64.84.
On October 20th, 2016, research firm Cowen reiterated its 'Outperform' rating on the Company's stock with a decrease of the target price from $57 a share to $45 a share.
On November 11th, 2016, Golar LNG announced that it has filed a Form 20-F/A for the year ended December 31st, 2015 with the U.S. SEC reporting its restated historical results for the periods set forth therein. The restatement relates to a technical accounting amendment relating to Golar's accounting for its investment in Golar LNG Partners L.P. The Company had previously accounted for its various interests in Golar Partners differently. It accounted for its Common Units as available-for-sale securities; its Subordinated Units under the equity method as investments in affiliates and its General Partner Units and Incentive Distribution Rights under the cost method. The complimentary research report on GLNG can be accessed at: http://stock-callers.com/registration/?symbol=GLNG
Teekay Tankers
Hamilton, Bermuda-based Teekay Tankers Ltd's shares rose 3.04%, closing the session at $2.37. A total volume of 2.31 million shares was traded, which was above their three months average volume of 1.48 million shares. The stock is trading 4.15% below its 50-day moving average. Additionally, 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 51.67.
On November 03rd, 2016, Teekay Tankers reported GAAP net loss of $5.5 million, or $0.03 per share, and adjusted net loss of $1.5 million, or $0.01 per share. The company generated free cash flow of $26.6 million in Q3 2016. As at September 30th, 2016, the Company had total liquidity of $119.2 million compared to total liquidity of $93.0 million as at June 30th, 2016. Register for free on Stock-Callers.com and download the PDF research report on TNK at: http://stock-callers.com/registration/?symbol=TNK
DryShips
On Friday, shares in Athens, Greece-based DryShips Inc. closed the session 14.29% higher at $13.60. A total volume of 5.23 million shares was traded, which was above their three months average volume of 156,340 shares. The stock has surged 132.48% in the past month. The Company's shares are trading above their 50-day moving average by 114.79%. Furthermore, shares of DryShips, which provides seaborne dry cargo and offshore support services, have an RSI of 83.83.
On November 09th, 2016, DryShips for Q3 2016 reported a net loss of $5.2 million, or $7.70 basic and diluted loss per share. The Company reported a negative adjusted EBITDA of $7.9 million for Q3 2016. Get free access to your research report on DRYS at: http://stock-callers.com/registration/?symbol=DRYS
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