Breakfast Technical Briefing on Shipping Stocks -- Scorpio Tankers, Teekay, Safe Bulkers, and Ship Finance

NEW YORK, August 24, 2017 /PRNewswire/ --

If you want a Stock Review on STNG, TK, SB, or SFL then come over to http://dailystocktracker.com/register and sign up for your free customized report. The international Shipping industry is responsible for the carriage of around 90% of world trade, according to ICS. There are roughly 50,000 merchant ships registered in over 150 nations manned by over a million seafarers generating over a half trillion dollars per year in freight rates. Ahead of today's trading session, DailyStockTracker.com covers the following equities: Scorpio Tankers Inc. (NYSE: STNG), Teekay Corp. (NYSE: TK), Safe Bulkers Inc. (NYSE: SB), and Ship Finance International Ltd (NYSE: SFL). Daily Stock Tracker published free research reports on these stocks today at:

http://dailystocktracker.com/register

Scorpio Tankers 

Monaco-based Scorpio Tankers Inc.'s shares gained 1.17%, closing Wednesday's trading session at $3.45. The stock recorded a trading volume of 1.45 million shares. Shares of the Company are trading 6.89% below their 50-day moving average. Additionally, 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 43.63.  

On August 14th, 2017, Scorpio Tankers announced that the Company will release its Q2 2017 earnings before the market open on September 18th, 2017, as a result of the pending merger with Navig8 Product Tankers Inc. The Company will also host a conference call that same day. Conference call details will be sent out on a later date. See our free and comprehensive research report on STNG at:

http://dailystocktracker.com/registration/?symbol=STNG

Teekay 

On Wednesday, shares in Hamilton, Bermuda-based Teekay Corp. recorded a trading volume of 693,838 shares. The stock rose 2.93%, ending the day at $9.12. The Company's shares have advanced 5.43% in the past month, 44.99% in the previous three months, and 13.57% on an YTD basis. The stock is trading above its 50-day and 200-day moving averages by 16.91% and 9.24%, respectively. Furthermore, 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 55.28.  

On August 03rd, 2017, Teekay reported Q2 2017 results. Consolidated GAAP net loss was $80.2 million, or $0.93 per share, and consolidated adjusted net loss was $38.1 million, or $0.44 per share, in Q2 2017. For the quarter, GAAP consolidated income from vessel operations was $48.3 million and consolidated total cash flow from vessel operations was $254.5 million. TK free research report is just a click away at:

http://dailystocktracker.com/registration/?symbol=TK

Safe Bulkers 

Monaco-based Safe Bulkers Inc.'s stock finished the day 1.05% higher at $2.88 with a total trading volume of 503,423 shares. The Company's shares have advanced 9.51% in the last one month, 35.21% in the previous three months, and 150.43% on an YTD basis. The stock is trading above its 50-day and 200-day moving averages by 14.39% and 51.01%, respectively. Additionally, shares of Safe Bulkers, which provides marine drybulk transportation services worldwide, have an RSI of 61.42.  

On July 26th, 2017, Safe Bulkers announced its unaudited financial results for the three and six months ended June 30th, 2017. For Q2 2017, net revenue was $35.0 million; net loss was $1.6 million; and EBITDA was $17.0 million. For the first half of 2017, net revenues were $68.3 million; net loss was $4.9 million; and EBITDA was $32.3 million.

On August 21st, 2017, research firm Maxim Group initiated a 'Buy' rating on the Company's stock, with a target price of $5 per share. Sign up for your complimentary report on SB at:

http://dailystocktracker.com/registration/?symbol=SB

Ship Finance 

Shares in Hamilton, Bermuda-based Ship Finance International Ltd ended yesterday's session 1.85% higher at $13.75. The stock recorded a trading volume of 456,238 shares. The Company's shares have advanced 1.48% in the last one month and 1.85% over the previous three months. The stock is trading 3.25% above its 50-day moving average. Moreover, shares of the Company, which owns and operates vessels and offshore related assets primarily in Bermuda, Cyprus, Malta, Liberia, Norway, the UK, and the Marshall Islands, have an RSI of 58.62.  

On August 14th, 2017, Ship Finance International announced that its 2017 Annual General Meeting will be held on September 22nd, 2017. A copy of the Notice of Annual General Meeting and associated information, including the Company's Annual Report on Form 20-F, can be found on its website. Register for free on DailyStockTracker.com and download the latest research report on SFL at:

http://dailystocktracker.com/registration/?symbol=SFL

--

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 contact@dailystocktracker.com. Rohit Tuli, a CFA(R) 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: contact@dailystocktracker.com 
        Phone number: (207)331-3313 
        Office Address: 377 Rivonia Boulevard, Rivonia, South Africa 

 

CFA(R) and Chartered Financial Analyst(R) are registered trademarks owned by CFA Institute.

SOURCE dailystocktracker.com