Zacks Industry Rank Analysis Highlights: Knightsbridge Tankers and Teekay Tankers

Jan 15, 2014, 09:30 ET from Zacks Investment Research, Inc.

CHICAGO, Jan. 15, 2014 /PRNewswire/ -- Stocks featured in this week's Zacks Industry Rank analysis include Knightsbridge Tankers Ltd. (Nasdaq:VLCCF-Free Report) and Teekay Tankers Ltd. (NYSE: TNK-Free Report).


Zacks Industry Rank Analysis is written by John Blank, PhD, Chief Equity Strategist,

Black Gold + Open Blue = Mint Green

The transport of crude oil over oceans, for many, brings up images of the Exxon Valdez and the ensuing environmental calamity. Nevertheless, so long as fossil fuels power our economy, tankers of unimaginable scale and capacity will continue to ship fuels across the globe. With continuing increases in oil production, demand for these shipping resources continues, bringing new profits to those in this specialized field.

The 43 companies which represent the Transportation/Shipping sector of the Zacks Industry Rank has benefitted from this, especially in the last week, gaining +108 positions. The industry now enjoys a rank of #32 out of 260 ranked industries. With 21 positive earnings revisions compared with 12 negative, this industry, as a whole, is seeing rising tides. Averaging positive Earnings per Share (EPS) surprises of +15%, which is notable for a group this large, means this industry warrants a refined look closer.

Below are two companies which have moved into the prime position of a Zacks Rank #1 (Strong Buy) from a #3 "Hold" rating. Anticipated stock prices are well above current market value. Now may be a good time to increase the octane of your portfolio with these shares. EPS surprises are expected to continue. And remember this: an industry's strength is beneficial in determining an investment strategy.

With earnings like these, perhaps oil and water really do mix.

Knightsbridge Tankers Ltd. (Nasdaq:VLCCF-Free Report)

VLCCF was upgraded to a Zacks Rank #1 (Strong Buy) last week from #3 (Hold).

Knightsbridge is in the business of acquisition, disposition, ownership, leasing and chartering of five very large crude oil carriers and certain related activities.\

VLCCF pays a juicy dividend of 7.52%. Its last earnings beat was +300%, while the next quarter looks to hold an expected EPS surprise of +16.67%. It reports earnings on February 5th, 2014.

Teekay Tankers Ltd. (NYSE: TNK-Free Report)

TNK is a Zacks Rank #1 (Strong Buy). It moved up from a Zacks Rank #3 (Hold) last week. This company reports quarterly earnings on February 20, 2014.

Teekay Tankers Ltd. is a Marshall Islands corporation recently formed to provide international marine transportation of crude oil. Teekay Tankers Ltd. owns a fleet of nine double-hull Aframax-class oil tankers, which an affiliate of Teekay Corporation manages.

TNK pays a dividend of 3.17%. The last earnings beat was +38%. It reports earnings on Feb. 20th, 2014.

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