Promising Shipping Stocks To Consider – November 10th

Frontline, Viking, Okeanis Eco Tankers, Star Bulk Carriers, and Torm are the five Shipping stocks to watch today, according to MarketBeat’s stock screener tool. Shipping stocks are shares of publicly traded companies involved in transporting goods by sea, such as container-shipping, tanker, and bulk-cargo operators. Their performance can be influenced by freight rates, trade demand, fuel costs, and the supply of available vessels, so they may be cyclical and volatile. These companies had the highest dollar trading volume of any Shipping stocks within the last several days.

Frontline (FRO)

FRO stock traded down $0.50 on Tuesday, hitting $43.79. 3,826,965 shares of the company were exchanged, compared to its average volume of 3,461,186. The company has a debt-to-equity ratio of 0.69, a current ratio of 1.87 and a quick ratio of 1.87. The stock has a market capitalization of $9.75 billion, a price-to-earnings ratio of 6.57 and a beta of 0.19. Frontline has a twelve month low of $20.47 and a twelve month high of $59.75. The business’s fifty day moving average is $50.85 and its two-hundred day moving average is $39.76.

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.

Shares of VIK traded up $0.63 during mid-day trading on Tuesday, reaching $87.80. The company had a trading volume of 1,575,343 shares, compared to its average volume of 3,123,425. Viking has a fifty-two week low of $56.67 and a fifty-two week high of $110.09. The firm has a fifty day simple moving average of $84.05 and a 200-day simple moving average of $85.56. The stock has a market cap of $39.13 billion, a price-to-earnings ratio of 29.16, a price-to-earnings-growth ratio of 1.10 and a beta of 1.39. The company has a current ratio of 0.81, a quick ratio of 0.79 and a debt-to-equity ratio of 3.61.

Okeanis Eco Tankers (ECO)

Shares of Okeanis Eco Tankers stock traded down $1.11 during trading hours on Tuesday, reaching $81.10. The stock had a trading volume of 616,717 shares, compared to its average volume of 575,501. The firm has a 50 day simple moving average of $84.94 and a two-hundred day simple moving average of $60.26. The firm has a market capitalization of $3.17 billion, a price-to-earnings ratio of 7.54 and a beta of -0.32. The company has a current ratio of 4.43, a quick ratio of 4.13 and a debt-to-equity ratio of 0.76. Okeanis Eco Tankers has a 1 year low of $31.75 and a 1 year high of $102.56.

Star Bulk Carriers (SBLK)

Star Bulk Carriers Corp., a shipping company, engages in the ocean transportation of dry bulk cargoes worldwide. Its vessels transport a range of bulk commodities, including iron ores, minerals and grains, bauxite, fertilizers, and steel products. As of December 31, 2023, the company owned a fleet of 116 dry bulk vessels with combined carrying capacity of 13.1 million deadweight tonnage (dwt) consisting of Newcastlemax, Capesize, Post Panamax, Kamsarmax, Panamax, Ultramax, and Supramax vessels with carrying capacities between 53,489 dwt and 209,537 dwt.

SBLK stock traded up $0.23 during midday trading on Tuesday, reaching $27.30. 1,291,757 shares of the company’s stock traded hands, compared to its average volume of 1,455,529. The company has a market capitalization of $3.10 billion, a P/E ratio of 10.71, a PEG ratio of 0.11 and a beta of 0.85. The company has a debt-to-equity ratio of 0.32, a current ratio of 1.91 and a quick ratio of 1.74. Star Bulk Carriers has a fifty-two week low of $17.85 and a fifty-two week high of $32.88. The business has a 50-day moving average price of $29.68 and a two-hundred day moving average price of $26.68.

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.

Torm stock traded down $0.36 during trading on Tuesday, reaching $34.18. 712,050 shares of the company’s stock were exchanged, compared to its average volume of 1,047,270. Torm has a 52-week low of $19.30 and a 52-week high of $43.31. The firm has a market cap of $3.49 billion, a price-to-earnings ratio of 4.74 and a beta of 0.05. The company has a debt-to-equity ratio of 0.33, a quick ratio of 1.97 and a current ratio of 2.27. The company’s 50-day moving average is $37.51 and its two-hundred day moving average is $31.00.