NEW YORK, September 21, 2016 /PRNewswire/ --
The Shipping segment is expected to lose $5 billion this year due to overcapacity and flat
global demand, forcing major carriers to merge with rival companies. Today, Stock-Callers.com has initiated coverage on Teekay
Tankers Ltd (NYSE: TNK), Top Ships Inc. (NASDAQ: TOPS), Teekay Offshore Partners L.P. (NYSE: TOO), and Kirby Corp. (NYSE: KEX) to
see where they sit in the market right now. Learn more about these stocks by downloading their free report at: http://stock-callers.com/registration
Teekay Tankers
Shares in Hamilton, Bermuda-based Teekay Tankers Ltd ended Tuesday's session at $2.47, which was a decline of 1.98%. The stock recorded a trading volume of 1.22 million shares. The Company's
shares are trading 12.19% below their 50-day moving average. Moreover, shares of Teekay Tankers, which engages in the marine
transportation of crude oil and refined petroleum products through the operation of its oil and product tankers worldwide, have a
Relative Strength Index (RSI) of 37.46.
On August 4th, 2016, Teekay Tankers reported GAAP net income attributable to the
partners and preferred unit-holders of $22.48 million, or $0.14 per
share, in Q2 2016, compared to GAAP net income attributable to the partners and preferred unit-holders of $45.15 million, or $0.38 per share, in Q2 2015. The company generated free cash
flow of $59.60 million in Q2 2016. The free research report on TNK is available at: http://stock-callers.com/registration/?symbol=TNK
Top Ships
Maroussi, Greece-based Top Ships Inc.'s stock jumped 8.33%, closing the day at $3.38 with a total trading volume of 312,359 shares. The Company's shares have advanced 92.05% in the previous
three months and 5.63% on an YTD basis. The stock is trading 14.45% above its 200-day moving average. Additionally, shares of Top
Ships, which provides seaborne transportation services worldwide, have an RSI of 41.53.
On August 10th, 2016, Top Ships announced that the SEC has declared effective the
company's registration statement on Form F-1 relating to underlying common shares of warrants issued in connection with its
follow-on offering launched in June 2014. While the Registration Statement is effective the Warrant
holders are required to cash exercise the Warrants. As disclosed in the Company's annual report on Form 20-F and the Registration
Statement, each warrant currently purchases 0.89 common shares at the exercise price per Warrant Share of $2.80, as may be further adjusted. The complimentary report on TOPS can be downloaded at: http://stock-callers.com/registration/?symbol=TOPS
Teekay Offshore Partners
On Tuesday, shares in Hamilton, Bermuda headquartered Teekay Offshore Partners L.P. recorded
a trading volume of 1.02 million shares, which was higher than their three months average volume of 792,760 shares. The stock
ended the day 2.84% lower at $5.13. The Company's shares are trading below their 200-day moving
average by 3.10%. Furthermore, shares of Teekay Offshore Partners, which provides marine transportation, oil production, storage,
long-distance towing, offshore installation and maintenance, and safety services to the offshore oil industry in the North Sea
and Brazil, have an RSI of 40.28.
On August 4th, 2016, Teekay Offshore Partners reported GAAP net loss attributable to
the partners and preferred unit-holders of $102.6 million and adjusted net income attributable to
the partners and preferred unit-holders of $23.6 million in Q2 2016 compared to GAAP net income
attributable to the partners and preferred unit-holders of $104.2 million and adjusted net income
attributable to the partners and preferred unit-holders of $39.5 million in Q2 2015. The company
generated distributable cash flow of $45.9 million, or $0.42 per
common unit, in Q2 2016. Visit us today and download our complete research report on TOO for free at: http://stock-callers.com/registration/?symbol=TOO
Kirby
Houston, Texas headquartered Kirby Corp.'s stock rose 2.61%, finishing yesterday's session at
$58.49. A total volume of 1.00 million shares was traded, which was above their three months
average volume of 809,390 shares. The Company's shares have advanced 5.62% in the last one month and 11.16% on an YTD basis. The
stock is trading above its 50-day moving average by 3.60%. Additionally, shares of Kirby, which operates domestic tank barges and
transports bulk liquid products, have an RSI of 59.26.
On September 20th, 2016, research firm RBC Capital Markets upgraded the Company's
stock rating from 'Sector Perform' to 'Outperform'. The research firm also revised upwards its previous target price from
$55 to $68. Get free access to your technical report on KEX at: http://stock-callers.com/registration/?symbol=KEX
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