Promising Shipping Stocks To Add to Your Watchlist – November 3rd

Viking, Frontline, Okeanis Eco Tankers, Torm, and Scorpio Tankers are the five Shipping stocks to watch today, according to MarketBeat’s stock screener tool. Shipping stocks are shares of companies involved in transporting goods or passengers by sea, including container lines, tanker operators, dry-bulk carriers, and related maritime businesses. Their performance is often influenced by global trade volumes, freight rates, fuel costs, fleet capacity, and economic conditions. These companies had the highest dollar trading volume of any Shipping stocks within the last several days.

Viking (VIK)

Viking Holdings Ltd engages in the passenger shipping and other forms of passenger transport in North America, the United Kingdom, and internationally. It operates through River and Ocean segments. The company also operates as a tour entrepreneur for passengers and related activities in tourism. As of December 31, 2023, it operated a fleet of 92 ships, including 81 river vessels comprising 58 Longships, 10 smaller classes based on the Longship design, 11 other river vessels, and 1 river vessel charter and the Viking Mississippi; 9 ocean ships; and 2 expedition ships.

VIK traded down $0.99 during trading on Tuesday, hitting $86.07. The stock had a trading volume of 1,903,930 shares, compared to its average volume of 3,084,299. Viking has a one year low of $56.37 and a one year high of $110.09. The firm has a market cap of $38.36 billion, a price-to-earnings ratio of 28.59, a P/E/G ratio of 1.04 and a beta of 1.47. The company has a 50 day moving average price of $84.35 and a 200-day moving average price of $85.11. The company has a debt-to-equity ratio of 3.61, a current ratio of 0.81 and a quick ratio of 0.79.

Frontline (FRO)

Shares of FRO stock traded up $0.45 during trading on Tuesday, hitting $52.52. The company had a trading volume of 1,732,432 shares, compared to its average volume of 3,401,072. The firm has a market capitalization of $11.69 billion, a P/E ratio of 7.87 and a beta of 0.15. Frontline has a one year low of $20.47 and a one year high of $59.75. The company has a debt-to-equity ratio of 0.69, a quick ratio of 1.87 and a current ratio of 1.87. The stock’s 50-day moving average price is $50.48 and its 200 day moving average price is $39.24.

Okeanis Eco Tankers (ECO)

Shares of NYSE:ECO traded up $1.69 during midday trading on Tuesday, hitting $92.94. The stock had a trading volume of 530,496 shares, compared to its average volume of 561,890. The company’s 50-day moving average price is $82.97 and its 200-day moving average price is $59.12. The company has a quick ratio of 4.13, a current ratio of 4.43 and a debt-to-equity ratio of 0.76. Okeanis Eco Tankers has a fifty-two week low of $31.75 and a fifty-two week high of $102.56. The company has a market capitalization of $3.63 billion, a P/E ratio of 8.64 and a beta of -0.19.

Torm (TRMD)

TORM plc, a shipping company, owns and operates a fleet of product tankers in the United Kingdom. It operates in two operating segments, Tanker and Marine Exhaust. The Tanker segment transports refined oil products, such as gasoline, jet fuel, kerosene, naphtha, and gas oil, as well as dirty petroleum products, including fuel oil.

NASDAQ:TRMD traded up $0.73 on Tuesday, hitting $40.55. The company had a trading volume of 1,021,351 shares, compared to its average volume of 1,027,505. The firm has a 50 day moving average of $37.04 and a two-hundred day moving average of $30.66. The company has a current ratio of 2.27, a quick ratio of 1.97 and a debt-to-equity ratio of 0.33. Torm has a 52 week low of $19.30 and a 52 week high of $43.31. The stock has a market capitalization of $4.14 billion, a price-to-earnings ratio of 6.68 and a beta of 0.07.

Scorpio Tankers (STNG)

Scorpio Tankers Inc., together with its subsidiaries, engages in the seaborne transportation of crude oi and refined petroleum products in the shipping markets worldwide. As of March 21, 2024, its fleet consisted of 110 owned and leases financed tanker, including 39 LR2, 57 MR, and 14 Handymax with a weighted average age of approximately 8.1 years.

Shares of NYSE:STNG traded up $0.99 during trading on Tuesday, reaching $87.61. The stock had a trading volume of 397,698 shares, compared to its average volume of 1,054,437. The firm’s fifty day moving average is $83.85 and its 200 day moving average is $76.94. Scorpio Tankers has a 52 week low of $48.93 and a 52 week high of $95.60. The company has a debt-to-equity ratio of 0.14, a quick ratio of 6.89 and a current ratio of 6.93. The stock has a market cap of $4.42 billion, a price-to-earnings ratio of 4.63 and a beta of -0.17.