Initiating Research Reports on Shipping Equities -- Seaspan, DryShips, Nordic American Tankers, and Teekay Offshore Partners
NEW YORK, Nov. 21, 2017 /PRNewswire/ --If you want a Stock Review on SSW, DRYS, NAT, or TOO then come over to http://dailystocktracker.com/register/ and sign up for your free customized report. For today, DailyStockTracker.com revisits the Shipping industry, which is no stranger to economic fluctuations, given its deep links to global demand dynamics, commodity prices, and rules of international trade. Four equities have been lined up for assessment, and they are Seaspan Corp. (NYSE: SSW), DryShips Inc. (NASDAQ: DRYS), Nordic American Tankers Ltd (NYSE: NAT), and Teekay Offshore Partners L.P. (NYSE: TOO). This morning's free research reports on the equities are available upon registration on DailyStockTracker.com at:
http://dailystocktracker.com/register/
Seaspan
Last Friday, shares in Central, Hong Kong-based Seaspan Corp. ended the session 0.34% lower at $5.88. The stock recorded a trading volume of 909,569 shares. The Company's shares are trading 12.55% below their 200-day moving average. Moreover, shares of Seaspan, which operates as an independent charter owner and manager of containerships in Hong Kong, have a Relative Strength Index (RSI) of 29.06.
On October 31(st), 2017, Seaspan announced its financial results for the three and nine months ended September 30(th), 2017. For Q3 2017, total revenues were $211.0 million; earnings per diluted share were $0.26; and adjusted EBITDA was $125.1 million. For the nine months ended September 30(th), 2017, total revenues were $616.9 million; earnings per diluted share were $0.60; and adjusted EBITDA was $125.1 million. Visit us today and access our complete research report on SSW at:
http://dailystocktracker.com/registration/?symbol=SSW
DryShips
Athens, Greece-based DryShips Inc.'s stock jumped 7.51%, to close the day at $4.15 with a total trading volume of 4.30 million shares. The Company's shares have advanced 14.96% in the past month and 35.18% over the previous three months. The stock is trading 23.00% above its 50-day moving average. Additionally, shares of DryShips, which owns and operates ocean going cargo vessels worldwide, have an RSI of 56.59.
On November 17(th), 2017, DryShips announced that it will release its results for Q3 2017 after the market closes in New York on November 21(st), 2017. The complimentary report on DRYS can be downloaded at:
http://dailystocktracker.com/registration/?symbol=DRYS
Nordic American Tankers
Shares in Hamilton, Bermuda-based Nordic American Tankers Ltd recorded a trading volume of 856,000 shares at the close of the last trading session. The stock ended the day 0.72% lower at $4.12. The Company's shares are trading below their 50-day moving average by 16.64%. Furthermore, shares of the Company, which engages in acquiring and chartering double-hull tankers worldwide, have an RSI of 32.36.
On October 23(rd), 2017, research firm Maxim Group reiterated its 'Sell' rating on the Company's stock with a decrease of the target price from $4 a share to $3 a share.
On November 07(th), 2017, Nordic American Tankers announced that its Board of Directors has scheduled the Company's 2017 Annual General Meeting of Shareholders on December 12(th), 2017 at 9:00 a.m. local time in Hamilton, Bermuda. Register for free on DailyStockTracker.com and access the latest research report on NAT at:
http://dailystocktracker.com/registration/?symbol=NAT
Teekay Offshore Partners
Hamilton, Bermuda headquartered Teekay Offshore Partners L.P.'s shares finished Friday's session 2.93% lower at $2.32. A total volume of 523,145 shares was traded. The stock is trading below its 50-day moving average by 8.86%. Furthermore, shares of the Company, which provides marine transportation, oil production, storage, long-distance towing, offshore installation and maintenance, and safety services to the energy and oil service companies in the North Sea, Brazil, and the East Coast of Canada, have an RSI of 35.95.
On November 09(th), 2017, Teekay Offshore GP LLC, the general partner of Teekay Offshore Partners L.P. ("the Partnership"), reported the Partnership's results for the quarter ended September 30(th), 2017. Revenues for Q3 2017 were $273.6 million, GAAP net loss attributable to the Partners and preferred unit-holders was $317.5 million, and distributable cash flow was $13.4 million. As of September 30(th), 2017, the Partnership had total liquidity of $416.3 million. Get free access to your research report on TOO at:
http://dailystocktracker.com/registration/?symbol=TOO
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