Technical Snapshots for These Shipping Stocks -- Scorpio Tankers, Teekay, Euronav, and GasLog
NEW YORK, July 12, 2017 /PRNewswire/ --
If you want a Stock Review on STNG, TK, EURN or GLOG then come over to http://dailystocktracker.com/register/ and sign up for your free customized report today. DailyStockTracker.com has initiated coverage on Scorpio Tankers Inc. (NYSE: STNG), Teekay Corp. (NYSE: TK), Euronav N.V. (NYSE: EURN), and GasLog Ltd (NYSE: GLOG). According to an article on Loop Pacific, the International Maritime Organization (IMO) has adopted a seven-step plan toward decarbonizing the Shipping industry, following pressure exerted by a coalition of Pacific countries. However, while their proposal for the sector to adopt climate target that are in-line with the Paris Agreement gained overwhelming expressions of support, the IMO said that a consensus was not reached between more than 170 member nations at last week's London meeting. Access DailyStockTracker.com's complimentary reports for today's stocks line-up at:
http://dailystocktracker.com/register/
Scorpio Tankers
Shares in Monaco-based Scorpio Tankers Inc. climbed 0.53%, ending Tuesday's trading session at $3.80. The stock recorded a trading volume of 2.05 million shares. The Company's shares are trading 4.30% below their 50-day moving average. Moreover, shares of Scorpio Tankers, which together with its subsidiaries, engages in the seaborne transportation of refined petroleum products worldwide, have a Relative Strength Index (RSI) of 44.75.
On June 15th, 2017, Scorpio Tankers announced that it has completed the acquisition of four LR1 tankers (the "LR1 Vessels") from Navig8 Product Tankers Inc ("NPTI"). On May 23rd, 2017, the Company announced that it had entered into an agreement to acquire the LR1 Vessels as part of the definitive agreements to merge with NPTI. To acquire the LR1 Vessels, the Company paid $42.2 million in cash consideration and assumed debt of $113.8 million. Visit us today and access your complete report on STNG for free at:
http://dailystocktracker.com/registration/?symbol=STNG
Teekay
Hamilton, Bermuda-based Teekay Corp.'s stock declined 1.19%, closing the day at $6.63. A total volume of 2.29 million shares was traded, which was above their three months average volume of 2.22 million shares. The Company's shares have advanced 7.46% in the past month. The stock is trading 1.28% below its 50-day moving average. Additionally, shares of Teekay, which provides crude oil and gas marine transportation; offshore oil production; and storage and offloading services in Bermuda and internationally, have an RSI of 49.83.
On July 07th, 2017, Teekay announced that its Board of Directors has declared a cash dividend on its common stock of $0.055 per share for the quarter ended June 30th, 2017. The cash dividend is payable on August 16th, 2017, to all shareholders of record as at August 04th, 2017. The complimentary research report on TK can be accessed at:
http://dailystocktracker.com/registration/?symbol=TK
Euronav
On Tuesday, shares in Antwerp, Belgium headquartered Euronav N.V. recorded a trading volume of 284,656 shares. The stock ended the day 0.65% higher at $7.75. The Company's shares have advanced 5.44% in the past month, and are trading above their 50-day moving average by 1.41%. Furthermore, shares of Euronav, which owns, operates, and manages a fleet of vessels for the transportation and storage of crude oil and petroleum products, have an RSI of 54.58. Register for free on DailyStockTracker.com and download the research report on EURN at:
http://dailystocktracker.com/registration/?symbol=EURN
GasLog
Monaco-based GasLog Ltd's stock rose 0.93%, finishing yesterday's session at $16.30 with a total trading volume of 323,679 shares. The Company's shares have advanced 18.98% in the last one month, 7.95% in the previous three months, and 1.24% on an YTD basis. The stock is trading above its 50-day and 200-day moving averages by 15.50% and 6.68%, respectively. Additionally, shares of GasLog, which operates as an owner, operator, and manager of liquefied natural gas carriers, have an RSI of 71.49.
On June 13th, 2017, research firm Morgan Stanley upgraded the Company's stock rating from 'Equal-Weight' to 'Overweight'. Get free access to your research report on GLOG at:
http://dailystocktracker.com/registration/?symbol=GLOG
Daily Stock Tracker:
Daily Stock Tracker (DST) 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. DST 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.
DST 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 DST. DST 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
DST, 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. DST, 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, DST, 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 DST 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://dailystocktracker.com/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: (207)331-3313
Office Address: 377 Rivonia Boulevard, Rivonia, South Africa
CFA® and Chartered Financial Analyst® are registered trademarks owned by CFA Institute.
SOURCE Chelmsford Park SA
Share this article