Technical Roundup on Shipping Stocks -- Navios Maritime Acquisition, GasLog, Tsakos Energy Navigation, and Scorpio Bulkers

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Nov 29, 2016, 07:35 ET

NEW YORK, November 29, 2016 /PRNewswire/ --

Stock-Callers.com puts attention back to the Shipping industry which is slowly making a recovery due to the increasing demand for basic resources and the decommissioning of older ships. The Baltic Dry Index (BDI) is at its highest level this month since August 2015 at around 1,084 - up 93.64% from a year ago. This morning, four equities have been lined up for review: Navios Maritime Acquisition Corp. (NYSE: NNA), GasLog Ltd (NYSE: GLOG), Tsakos Energy Navigation Ltd (NYSE: TNP), and Scorpio Bulkers Inc. (NYSE: SALT). Sign up today and download for free the research reports for the stocks covered today at:

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Navios Maritime Acquisition

On Monday, shares in Monaco-based Navios Maritime Acquisition Corp. recorded a trading volume of 705,476 shares. The stock ended the day at $1.61, down 2.42%. The Company's shares have gained 18.38% in the last one month and 11.03% over the previous three months. The stock is trading above its 50-day and 200-day moving averages by 15.94% and 0.86%, respectively. Furthermore, shares of Navios Maritime Acquisition, which provides marine transportation services worldwide, have a Relative Strength Index (RSI) of 58.84.

On November 22^nd, 2016, Navios Maritime reported that net loss was $27.5 million and $22.1 million for Q3 2016 and Q3 2015, respectively. Adjusted EBITDA of the company for Q3 2016 decreased by $1.0 million to $38.5 million as compared to $39.5 million for Q3 2015. The company reported $113.1 million in revenue for Q3 2016. NNA complete research report is just a click away at:

http://stock-callers.com/registration/?symbol=NNA

GasLog

Monaco-based GasLog Ltd's stock finished yesterday's session 3.76% lower at $15.35, with a total trading volume of 330,526 shares. The Company's shares have gained 13.88% over the previous three months and 93.16% on an YTD basis. The stock is trading above its 50-day and 200-day moving averages by 0.39% and 20.57%, respectively. Furthermore, shares of GasLog, which together with its subsidiaries, engages in the ownership, operation, and management of vessels in the liquefied natural gas market worldwide, have an RSI of 45.31.

On November 03^rd, 2016, GasLog reported Q3 2016 revenues of $120.7 million compared to Q3 2015 revenue of $105.8 million. For the reported quarter, the company posted net loss of $16.4 million compared to profit of $4.9 million, and loss per share of $0.39 compared to loss per share of $0.12 for Q3 2015.

On November 23^rd, 2016, research firm Seaport Global Securities initiated a 'Neutral' rating on the Company's stock, issuing a target price of $18 per share. The complimentary report on GLOG can be downloaded at:

http://stock-callers.com/registration/?symbol=GLOG

Tsakos Energy Navigation

At the closing bell on Monday, shares in Athens, Greece-based Tsakos Energy Navigation Ltd saw a decline of 2.46%, ending the day at $4.37. The stock recorded a trading volume of 750,642 shares, which was above its three months average volume of 444,170 shares. The Company's shares are trading 6.60% below their 50-day moving average. Moreover, shares of Tsakos Energy Navigation, which provides international seaborne crude oil and petroleum product transportation services worldwide, have an RSI of 43.35.

On November 15^th, 2016 Tsakos Energy Navigation announced that it will report earnings for Q3 2016 prior to the open of the market in New York on November 29^th, 2016. That same morning, at 10:00 a.m. ET the company will host a conference call to review the results as well as management's outlook for its business. Sign up for your complimentary report on TNP at:

http://stock-callers.com/registration/?symbol=TNP

Scorpio Bulkers

Monaco-based Scorpio Bulkers Inc.'s stock ended the day 3.74% higher at $5.55. A total volume of 1.51 million shares was traded, which was higher than their three months average volume of 700,530 shares. The Company's shares have surged 48.00% in the last month and 60.40% over the previous three months. The stock is trading 36.75% above its 50-day moving average and 57.27% above its 200-day moving average. Additionally, shares of Scorpio Bulkers, which together with its subsidiaries, engages in the marine transportation of dry bulk commodities, have an RSI of 67.23.

On November 21^st, 2016, Scorpio Bulkers announced that it has entered into time charter-out agreements for two Ultramax vessels and one Kamsarmax vessel. For the company's SBI Leo Ultramax vessel, the duration will be minimum 5 to maximum 7 months, with a rate of $9,000. For Scorpio Bulkers' SBI Achilles Ultramax vessel, the duration will be minimum 6 to maximum 8 months, with a rate of $11,000, and for the company's SBI Cakewalk Kamsarmax vessel the duration will be minimum 5 to maximum 8 months, with a rate of $9,000. Download the research report for free on SALT at:

http://stock-callers.com/registration/?symbol=SALT

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