Somewhat Negative News Coverage Very Likely to Impact Ship Finance International Limited (SFL) Stock Price
News coverage about Ship Finance International Limited (NYSE:SFL) has trended somewhat negative this week, according to Accern Sentiment Analysis. The research group scores the sentiment of press coverage by reviewing more than twenty million blog and news sources in real-time. Accern ranks coverage of public companies on a scale of negative one to one, with scores closest to one being the most favorable. Ship Finance International Limited earned a news sentiment score of -0.04 on Accern’s scale. Accern also gave news coverage about the shipping company an impact score of 84 out of 100, indicating that recent press coverage is very likely to have an effect on the stock’s share price in the next few days.
These are some of the news articles that may have effected Accern Sentiment’s scoring:
- SFL – Notice of Annual General Meeting 2017 – GlobeNewswire (press release) (globenewswire.com)
- ETFs with exposure to Ship Finance International Ltd. : July 14, 2017 (finance.yahoo.com)
- Ship Finance International : SFL – Notice of Annual General Meeting 2017 (4-traders.com)
- Can Ship Finance International Ltd (SFL) Move Higher? – Sparta Review (spartareview.com)
Shares of Ship Finance International Limited (NYSE SFL) traded up 0.75% on Monday, reaching $13.45. 95,952 shares of the company traded hands. The firm has a market capitalization of $1.26 billion, a P/E ratio of 9.74 and a beta of 1.37. Ship Finance International Limited has a 1-year low of $12.07 and a 1-year high of $16.10. The stock has a 50-day moving average price of $13.38 and a 200 day moving average price of $14.29.
Ship Finance International Limited (NYSE:SFL) last posted its earnings results on Tuesday, May 30th. The shipping company reported $0.35 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.32 by $0.03. The company had revenue of $96.88 million during the quarter, compared to analysts’ expectations of $102.70 million. Ship Finance International Limited had a net margin of 33.62% and a return on equity of 12.65%. Analysts anticipate that Ship Finance International Limited will post $1.03 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which was paid on Friday, June 30th. Investors of record on Friday, June 16th were paid a dividend of $0.45 per share. The ex-dividend date was Wednesday, June 14th. This represents a $1.80 annualized dividend and a yield of 13.48%. Ship Finance International Limited’s payout ratio is 125.88%.
A number of research analysts have recently commented on the stock. BidaskClub upgraded shares of Ship Finance International Limited from a “sell” rating to a “hold” rating in a research report on Friday, June 30th. Jefferies Group LLC upgraded shares of Ship Finance International Limited to a “hold” rating and set a $15.00 price target for the company in a research report on Monday, June 5th. ValuEngine lowered shares of Ship Finance International Limited from a “buy” rating to a “hold” rating in a research report on Friday, June 2nd. Finally, Zacks Investment Research upgraded shares of Ship Finance International Limited from a “sell” rating to a “hold” rating in a research report on Wednesday, April 26th. Five analysts have rated the stock with a hold rating and one has given a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average target price of $15.67.
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About Ship Finance International Limited
Ship Finance International Limited is a holding, and international ship owning and chartering company. The Company is engaged in the ownership and operation of vessels and offshore related assets, and also involved in the charter, purchase and sale of assets. Its assets consist of approximately 20 oil tankers, over 20 dry bulk carriers, approximately 20 container vessels, including a newbuilding, two car carriers, two jack-up drilling rigs, two ultra-deepwater drilling units, five offshore supply vessels, two chemical tankers and two newbuilding oil product tankers.
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