Shipping
(DRYS) DryShips Remains Neutral
We reiterate our long-term Neutral recommendation on DryShips Inc. (DRYS). We believe that DryShips is currently fairly valued as the stock price plummeted 43.2% in the last year. Why Kept at Neutral? DryShips...11Apr2013 | vitalstocks | Comments Off | Continued
(DRYS) DryShips – Bear of the Day
DryShips (DRYS) was recently downgraded from Neutral to Underperform. The downgrade was based on current volatile conditions of the shipping industry. In the most recent quarter revenue improved on a year over year basis but earnings...31Dec2012 | Shawn | Comments Off | Continued
(DRYS) DryShips – Bear of the Day
DryShips (DRYS) was recently downgraded from Neutral to Underperform. The downgrade was based on current volatile conditions of the shipping industry. In the most recent quarter reven ...28Dec2012 | Shawn | Comments Off | Continued
(EXM) Excel Maritime Carriers Reports Mixed Second Quarter
Excel Maritime Carriers Ltd. (EXM) declared mixed financial results for the second quarter of 2012. GAAP net loss in the reported quarter was $33.4 million or a loss of 37 cents per share compared with a net loss of $16 million or...30Aug2012 | vitalstocks | Comments Off | Continued
(DRYS) DryShips Underperforms in Second Quarter
DryShips Inc. (DRYS) declared disappointing financial results for the second quarter of 2012, which fell below the Zacks Consensus Estimates. Strong performance of the company’s majority owned deepwater oil drilling unit OceanRig...21Aug2012 | vitalstocks | Comments Off | Continued
(EXM) Excel Maritime Carriers Analyst Maintains Underperform Rating
We maintain our Underperform recommendation on Excel Maritime Carriers Ltd. (EXM). Although the company’s fourth quarter of 2011 financial beat the Zacks Consensus Estimates, we believe the drybulk shipping industry has a gloomy...19Apr2012 | vitalstocks | Comments Off | Continued
(EXM) Excel Maritime Carriers- Bear of the Day
We downgrade our recommendation on Excel Maritime Carriers (EXM) to Underperform ahead of its fourth quarter of 2011 financial results. We believe the drybulk shipping industry has a gloomy outlook, facing serious challenges since...23Mar2012 | vitalstocks | Comments Off | Continued
(OSG) Transportation Sector Rated by ValuEngine
Below, we present the latest data on leading Transportation Sector stocks from our Institutional software package (VEI). These results were filtered by market price and volume–no results below 3$/share or less than 100k shares/day volume. Top-Five Transportation...11Jul2011 | valuengine | 0 comments | Continued
(EXM) Excel Maritime Carriers Improves Time Charter Contract
Excel Maritime Carriers Ltd. (EXM), a leading worldwide seaborne transporter for dry bulk cargoes, recently improved and consolidated the time charter contracts for its fleets. The company announced that it has entered into 1-year...8Jul2011 | vitalstocks | 0 comments | Continued
(DRYS) DryShips Upgraded to Neutral
We upgrade our recommendation on DryShips Inc. (DRYS) to Neutral following our view that the upcoming initial public offering of Ocean Rig deepwater drilling unit will unlock the value of its huge potential. We believe ultra deepwater...28Jun2011 | vitalstocks | 0 comments | Continued
(EXM) Excel Maritime Carriers Improves TC Contract
Excel Maritime Carriers Ltd. (EXM), a leading worldwide seaborne transporter for dry bulk cargoes, recently improved and consolidated the time charter contracts for its fleets. The company announced that it has entered into 2-year...17Jun2011 | vitalstocks | 0 comments | Continued
(EXM) Excel Maritime Carriers – Bear of the Day
We downgrade our recommendation on Excel Maritime (EXM) to Underperform backed by the gloomy near-term prospects of the drybulk shipping industry. This sector is facing serious challenges, where the spot vessel rates collapsed even...18May2011 | vitalstocks | 0 comments | Continued
(OSG) Overseas Shipholding Group Beats Estimates
Overseas Shipholding Group Inc. (OSG), the second largest independent oil tanker company in the world, reported mounting losses in the first quarter of 2011. Despite this, quarterly results beat the Zacks Consensus...5May2011 | vitalstocks | 0 comments | Continued
(EXM) Excel Maritime Carriers Earnings Outperform
Yesterday after market close, Excel Maritime Carriers Ltd. (EXM), a global dry bulk carrier, declared solid financial results for the first quarter of 2011. GAAP net loss in the first quarter of 2011 was $1 million or a loss of 1 cent...4May2011 | vitalstocks | 0 comments | Continued
(DRYS) DryShips Analyst Maintains Underperform on Shares
We reiterate our Underperform recommendation on DryShips Inc. (DRYS). The company’s fourth quarter of fiscal 2010 financial results were well below the Zacks Consensus Estimates. The drybulk shipping industry is facing serious challenges,...13Apr2011 | vitalstocks | 0 comments | Continued
(DRYS) DryShips Incorporated – Bear of the Day
We reiterate our Underperform recommendation on DryShips, Inc. (DRYS). The company’s fourth quarter of fiscal 2010 financial results were well below the Zacks Consensus Estimates. The drybulk shipping industry is facing serious...11Apr2011 | vitalstocks | 0 comments | Continued
(DRYS) DryShips Issues $500 Million in Senior Notes
A global shipping company that specializes in carrying dry bulk commodities and drilling rigs, DryShips Inc. (DRYS) recently announced the issuance of senior notes worth $500 million through private placement. These senior...9Apr2011 | vitalstocks | 0 comments | Continued
(EXM) Excel Maritime Carriers Reports Mixed Fourth Quarter
Yesterday after market close, Excel Maritime Carriers Ltd. (EXM), a global dry bulk carrier, declared mixed financial results for the fourth quarter of 2010. However, in after market trade on NASDAQ, the stock price of Excel Maritime...8Mar2011 | vitalstocks | 0 comments | Continued
(DRYS) DryShips Analyst Downgrades Shares to Underperform
We downgrade our recommendation for DryShips Inc. (DRYS) to Underperform, ahead of its fourth quarter 2010 financial results. Drybulk shipping industry is going through an extreme depressive situation. Despite improving global macroeconomic...14Feb2011 | vitalstocks | 0 comments | Continued
(DRYS) DryShips Incorporated – Bear of the Day
We downgrade our recommendation for DryShips Inc. (DRYS) to Underperform ahead of its fourth quarter 2010 financial results. The drybulk shipping industry is through its most depressive situation where the vessel rate collapsed even...14Feb2011 | vitalstocks | 0 comments | Continued
(DRYS) DryShips Earns Drilling Contracts
DryShips Inc. (DRYS) is gradually converting itself as an ultra-deep water drilling company rather than continuing as a simple drybulk cargo operator. Today, the company announced that two drillships of its subsidiary Ocean Rig UDW...4Jan2011 | vitalstocks | 0 comments | Continued
(DRYS) DryShips Incorporated – No Rebound in Shipping Stocks
Is it finally time to buy the dry bulk shippers? DryShips Inc. (DRYS) has surprised on estimates 3 out of the last 4 quarters but investors don’t seem to care as shares have been mired in a narrow trading range. Yet DryShips...20Dec2010 | vitalstocks | 0 comments | Continued
(FRO) Frontline Limited – Surprised by 40.6% in the First Quarter
Frontline Limited (FRO) recently tripled its dividend in a surprise move after a difficult 2009 for the shipping sector. Frontline operates one of the largest fleets of oil tankers in the world. Earnings have plunged in the...28May2010 | vitalstocks | 0 comments | Continued
(OSG) Overseas Shipholding Group Offers Senior Notes
Moving ahead with its debt restructuring strategies on Monday, Overseas Shipholding Group Inc. (OSG) announced the issue of $300 million aggregate principal amount of senior notes, due 2018, taking the public offering route. For this,...25Mar2010 | vitalstocks | 0 comments | Continued
(OSG) Overseas Shipholding Group Commences Stock Offering
Overseas Shipholding Group, Inc. (OSG) yesterday announced the beginning of the public offering of its 3,500,000 shares underwritten on its common stock. With this move, the company aims to increase its capital and enhance liquidity. At...8Mar2010 | vitalstocks | 0 comments | Continued
(OSG) Overseas Shipholding Group Beats Loss Estimate
Overseas Shipholding Group, Inc.’s (OSG) fourth quarter operating loss per share of 59 cents came in substantially better than the Zacks Consensus Estimate of a loss of $1.21 on lower operating expenses. This excluded 23 cents per...3Mar2010 | vitalstocks | 0 comments | Continued
(GLNG) Golar LNG Limited Swings to Profit
Golar LNG Ltd. (GLNG) reported its fourth quarter results on Friday. The company swung to a net income of $17.4 million, from a net loss of $1 million in the previous quarter. Excluding certain special items, earnings per share came...1Mar2010 | vitalstocks | 0 comments | Continued
(DRYS) DryShips’ Fourth Quarter Report Misses by a Penny
DryShips, Inc.’s (DRYS) fourth-quarter earnings of 23 cents per share were a penny short of the Zacks Consensus Estimate of 24 cents. This excludes a loss of $64.4 million or 24 cents per share associated with various one-time items....28Feb2010 | vitalstocks | 0 comments | Continued
(FRO) As the Oil Contango Unwinds – Here’s How To Profit From Shipping Rates
by Matthew Weinschenk, Contributing Editor Thursday, January 14, 2010: Issue #1175 If there’s one thing we’ve learned over the past year or two, it’s that there are plenty of charlatans...14Jan2010 | InvestmentU | 0 comments | Continued
(DRYS) DryShips Closes $400 Million Notes Offering
DryShips Inc. (DRYS) on Nov. 25 announced that it has closed its previously announced $400 million notes offering. The offering, which was increased to $400 million from $300 million as planned originally, has generated proceeds of...1Dec2009 | vitalstocks | 0 comments | Continued