Shipping
(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...
(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...
(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...
(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...
(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....
(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...
(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...
(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...
(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...
(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...
(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...
(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...
(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...
(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...
(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...
(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...
(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...
(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...
(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...
(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...
(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....
(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,...
(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...
(FRO) As the Oil Contango Unwinds – Here’s How To Profit From Shipping Rates
by Matthew Weinschenk, Contributing Editor
Thursday, January 14, 2010:...
(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,...
(GLNG) Golar LNG Swings to an Earnings Loss
Golar LNG Ltd. (GLNG) reported third-quarter results on Friday. The company swung to a net loss of $1.0 million, from a net income of $11.8 million in the previous quarter, which included a gain of $22.8...
($DRYS) DryShips Inc. – Earnings Surprised by 28.57% in the Third Quarter
DryShips Inc. (DRYS) is now a Zacks #1 Rank (strong buy) stock as estimates rise after a tough year where earnings per share dropped by 90%. The stock is now cheap, trading at just 6.6x forward earnings.
Company...
(EXM) Excel Maritime Carriers Exceeds Earnings Estimates
Excel Maritime Carriers Ltd’s (EXM) third-quarter earnings of 81 cents per share were substantially ahead of the Zacks Consensus Estimate of 3 cents. Last year, the company reported earnings of $2.81.
Revenue...
(DRYS) DryShips Beats, Results Hurt
DryShips, Inc.’s (DRYS) third-quarter earnings of 27 cents per share were 6 cents ahead of the Zacks Consensus Estimate. This excludes a loss of $39.3 million or 15 cents per share associated with the valuation...
(DRYS) The Baltic Dry Index: A Solid Gauge of Global Economic Health
Tony Daltorio, Investment U Research
Funny how bulls and bears can look at exactly the same data, yet come to completely different opinions.
Take the Baltic Dry Index, which measures charter rates for ships carrying...