Shipping
(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 $22.8 million related to non-cash...30Nov2009 | vitalstocks | 0 comments | Continued
($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 Description DryShips...18Nov2009 | vitalstocks | 0 comments | Continued
(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 from operations...14Nov2009 | vitalstocks | 0 comments | Continued
(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 of the company’s...27Oct2009 | vitalstocks | 0 comments | Continued
(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 bulk commodities, for example. Bulls...14Oct2009 | InvestmentU | 0 comments | Continued
(GLNG) Golar LNG’s Q2 Better than Expected
Golar LNG Ltd. (GLNG) posted second-quarter results on Friday. The company said GAAP net income rose to $11.9 million, compared to $11.7 million in the year-ago quarter primarily due to a gain related to non-cash interest rate and equity swap valuation. Excluding this gain, loss per...31Aug2009 | vitalstocks | 0 comments | Continued
(NAT) Nordic American Tanker – Income and More
Tony Daltorio, The Investment U Research Team One sector that is extremely sensitive to global economic activity is the international shipping industry. As the financial...2Jul2009 | InvestmentU | 0 comments | Continued
(ULTR) Ultrapetrol Bahamas Limited – Value – Zacks Rank Buy
Ultrapetrol Bahamas Limited (ULTR), the South American shipper of agricultural products, minerals and crude products, reported first-quarter results on May 12 that easily beat the estimate, reporting 4 cents a share compared to the estimate of no profit. However, revenue fell...8Jun2009 | vitalstocks | 0 comments | Continued
(ULTR) Ultrapetrol Bahamas Limited – Value – Zacks Rank Buy
Ultrapetrol Bahamas Limited (ULTR), the South American focused shipper, reported a record 2008 as its river transportation business continued to grow. The company has surprised on estimates 4 quarters in a row by an average of 77.04%. The stock is cheap, trading at only 4.8x forward...9Apr2009 | vitalstocks | 0 comments | Continued
(VLCCF) Knightsbridge Tankers – distributed $8.6 million in dividend payments
Knightsbridge Tankers, Ltd. (VLCCF), the crude shipper, is still generating healthy cash flow even as the global economy stumbles. The company is paying a dividend yielding 6.00%. The stock is cheap. VLCCF is trading at only 4.7x forward earnings. Company Description Knightsbridge Tankers...22Feb2009 | vitalstocks | 0 comments | Continued
(OSP) OSG America L.P. – demonstrating an ability to deliver solid earnings in a tough market
OSG America L.P.’s (OSP) share price has more than doubled since bottoming out just above $3 in early December. In the meantime, the current-year estimate continues to advance. Company Description OSG America L.P. operates carriers and barges for transporting refined petroleum...10Feb2009 | vitalstocks | 0 comments | Continued
(FRO) More Facts on the New World Oil…
More Facts on the New World Oil… By Matt Weinschenk, Senior Analyst, White Cap Report You may have read the brief post/article from last week detailing the madness in oil markets and the glaring profit opportunity available to those with means. (If not, read the ...22Jan2009 | InvestmentU | 0 comments | Continued
(TK) Contango: The Most Profitable “Buy-and-Hold” for 2009
Contango: The Most Profitable “Buy-and-Hold” for 2009 by Matt Weinschenk, Senior Analyst, White Cap Report A different buy-and-hold strategy has become the #1 profit-maker for 2009. And I’m not talking about stocks. Direct...22Jan2009 | InvestmentU | 0 comments | Continued
(FRO) Baltic Dry Index Floats Shippers
Baltic Dry Index Floats Shippers The Baltic Dry Index (BDI) is up over 10% to 711 in the past few weeks. It doesn’t mean much, considering it’s down over 93% for the year. In fact, if you consider this move in terms of this summer’s...17Dec2008 | InvestmentU | 0 comments | Continued
(CKH) SEACOR Holdings Inc – offers environmental response to governments and industry, especially in oil spill response and hazardous material clean-up
SEACOR Holdings Inc. (CKH) is making profit off of its diverse range of shipping services. The company has surprised on estimates 2 out of the last 4 quarters on average of 5.91%. CKH is cheap. It’s trading at only 7.8x forward earnings. Company Description SEACOR provides marine...12Nov2008 | Shawn | 0 comments | Continued
(ULTR) – Ultrapetrol – surprised the last two quarters by an average of 135.90%
Ultrapetrol is expanding its river system business as commodities shipping booms. The company reported record revenues in the second quarter as revenues rose 50%. Ultrapetrol has surprised the last two quarters by an average of 135.90%. It’s trading at only 5.1x forward earnings. Company...2Oct2008 | Shawn | 0 comments | Continued
(ULTR) – Ultrapetrol – surprised the last two quarters by an average of 135.90%
Ultrapetrol is expanding its river system business as commodities shipping booms. The company reported record revenues in the second quarter as revenues rose 50%. Ultrapetrol has surprised the last two quarters by an average of 135.90%. It’s trading at only 5.1x forward earnings. Company...26Sep2008 | Shawn | 0 comments | Continued
(ULTR) – Ultrapetrol – surprised the last two quarters by an average of 135.90%
Ultrapetrol is expanding its river system business as commodities shipping booms. The company reported record revenues in the second quarter as revenues rose 50%. Ultrapetrol has surprised the last two quarters by an average of 135.90%. It’s trading at only 5.1x forward earnings. Company...23Sep2008 | Shawn | 0 comments | Continued
(ULTR) – Ultrapetrol – surprised the last two quarters by an average of 135.90%
Ultrapetrol is expanding its river system business as commodities shipping booms. The company reported record revenues in the second quarter as revenues rose 50%. Ultrapetrol has surprised the last two quarters by an average of 135.90%. It’s trading at only 5.1x forward earnings. Company...22Sep2008 | Shawn | 0 comments | Continued
(ESEA) – Euroseas Ltd – dividend grew 29% in the first six months of 2008
Euroseas saw revenues surge 121.5% as commodities demand continues to be strong worldwide. The company has surprised on earnings 4 consecutive quarters by an average of 10.39%. Euroseas has a forward P/E of just 7.15.Company Description Euroseas Limited (ESEA) is a worldwide...10Sep2008 | Shawn | 0 comments | Continued
(OSG) – Overseas Shipholding Group – all 7 covering analysts raised estimates in the last 30 days
Overseas Shipholding Group recently raised its dividend by 40% as shipping rates remain high. The company has surprised on estimates 2 out of the last 4 quarter by an average of 5.14%. Overseas Shipholding has a price-to-book (P/B) of only 1.1.Company Description Overseas...10Sep2008 | Shawn | 0 comments | Continued
(ESEA) – Euroseas Ltd – dividend grew 29% in the first six months of 2008
Euroseas saw revenues surge 121.5% as commodities demand continues to be strong worldwide. The company has surprised on earnings 4 consecutive quarters by an average of 10.39%. Euroseas has a forward P/E of just 7.15.Company Description Euroseas Limited (ESEA) is a worldwide...4Sep2008 | Shawn | 0 comments | Continued
(OSG) – Overseas Shipholding Group – all 7 covering analysts raised estimates in the last 30 days
Overseas Shipholding Group recently raised its dividend by 40% as shipping rates remain high. The company has surprised on estimates 2 out of the last 4 quarter by an average of 5.14%. Overseas Shipholding has a price-to-book (P/B) of only 1.1.Company Description Overseas...4Sep2008 | Shawn | 0 comments | Continued
(TBSI) – TBS International Limited – ocean transportation company that ships cargo worldwide on 44 vessels
TBS International Limited (TBSI) turned in record results in the second quarter and saw higher forecasts from Wall Street. The full-year 2008 consensus estimate of $7.12 per share climbed from $6.37 over the past 30 trading days.Company Description TBS International Limited...4Sep2008 | Shawn | 0 comments | Continued
(ESEA) – Euroseas Ltd – dividend grew 29% in the first six months of 2008
Euroseas saw revenues surge 121.5% as commodities demand continues to be strong worldwide. The company has surprised on earnings 4 consecutive quarters by an average of 10.39%. Euroseas has a forward P/E of just 7.15.Company Description Euroseas Limited (ESEA) is a worldwide...3Sep2008 | Shawn | 0 comments | Continued
(OSG) – Overseas Shipholding Group – all 7 covering analysts raised estimates in the last 30 days
Overseas Shipholding Group recently raised its dividend by 40% as shipping rates remain high. The company has surprised on estimates 2 out of the last 4 quarter by an average of 5.14%. Overseas Shipholding has a price-to-book (P/B) of only 1.1.Company Description Overseas...28Aug2008 | Shawn | 0 comments | Continued
(TBSI) – TBS International Limited – ocean transportation company that ships cargo worldwide on 44 vessels
TBS International Limited (TBSI) turned in record results in the second quarter and saw higher forecasts from Wall Street. The full-year 2008 consensus estimate of $7.12 per share climbed from $6.37 over the past 30 trading days.Company Description TBS International Limited...23Aug2008 | Shawn | 0 comments | Continued
(FRO) – Frontline – current-year estimate is up to $5.70 per share from $4.05 per share 90 days ago
Frontline, Ltd. (FRO) shares recently traded lower after hitting a new 52-week and all-time high above the $72 mark in late June. This stock is currently pressuring a key support level and looks well positioned to rebound. At these levels, especially when considering the nice dividend Frontline pays,...16Jul2008 | Shawn | 0 comments | Continued