NEW YORK, November 22, 2016 /PRNewswire/ --
Stock-Callers.com draws attention back to the global Shipping industry which is now making a very slow recovery due to the
increasing demand for basic resources, the decommissioning of older ships, and improved economic conditions in Asia and emerging markets. Lined up for review are the following four equities: Frontline Ltd (NYSE: FRO),
Kirby Corp. (NYSE: KEX), Diana Shipping Inc. (NYSE: DSX), and Top Ships Inc. (NASDAQ: TOPS). Register now and get full and free
access to our downloadable research reports on these stocks at: http://stock-callers.com/registration
Frontline
Hamilton, Bermuda-based Frontline Ltd's stock finished Monday's session 1.84% higher at
$7.75 with a total trading volume of 1.07 million shares. The Company's shares have advanced 0.52%
in the past month. The stock is trading above its 50-day and 200-day moving averages by 5.45% and 0.67%, respectively.
Furthermore, shares of Frontline, which engages in the seaborne transportation of crude oil and oil products worldwide, have a
Relative Strength Index (RSI) of 59.62.
On October 14th, 2016, Frontline announced that it has entered into an agreement with
STX Offshore & Shipbuilding Co., Ltd. ("STX") to terminate contracts for four VLCC new buildings due for delivery in 2017.
The contracted price of these vessels was $364.3 million, of which the company has made installment
payments of $45.5 million. Following the contract terminations, the Company has been released of
any and all obligations relating to the contracts, and received all installment payments made to STX, less a $0.5 million cancellation fee per vessel. Access our complete research report on FRO for free at: http://stock-callers.com/registration/?symbol=FRO
Kirby
On Monday, shares in Houston, Texas headquartered Kirby Corp. ended the session at
$64.55, up 1.57%. The stock recorded a trading volume of 419,306 shares. The Company's shares have
gained 7.30% in the last one month, 16.54% in the previous three months, and 22.67% since the start of this year. The stock is
trading 7.66% above its 50-day moving average and 6.45% above its 200-day moving average. Moreover, shares of Kirby, which
operates domestic tank barges and transports bulk liquid products, have an RSI of 59.44.
On October 26th, 2016, Kirby announced net earnings attributed to Kirby for Q3 2016
of $32.0 million, or $0.59 per share, compared to $56.8 million, or $1.04 per share, for Q3 2015. Consolidated revenues for the
reported quarter were $434.7 million compared to $532.6 million
reported for Q3 2015. EBITDA of $336.1 million for 2016's first nine months contributed to Kirby's
cash flow from operations during 2016's first nine months, which compared to EBITDA of $437.5
million for 2015's first nine months.
On November 10th, 2016, research firm Seaport Global Securities initiated a 'Neutral'
rating on the Company's stock, issuing a target price of $55 per share. The complimentary research
report on KEX can be downloaded at: http://stock-callers.com/registration/?symbol=KEX
Diana Shipping
Athens, Greece-based Diana Shipping Inc.'s stock ended yesterday's session 2.02% lower at
$3.40. A total volume of 756,352 shares was traded, which was above their three months average
volume of 683,960 shares. The Company's shares have advanced 35.46% in the past month and 43.46% over the previous three months.
The stock is trading 23.44% and 28.61% above its 50-day and 200-day moving averages, respectively. Additionally, shares of Diana
Shipping, which provides shipping transportation services, have an RSI of 58.85.
On November 17th, 2016, Diana Shipping reported a net loss of $78.3 million and net loss attributed to common stockholders of $79.8 million for
Q3 2016, of which $50.0 million was related to loss and impairment of the company's investment in
Diana Containerships Inc. This compares to a net loss of $17.4 million and a net loss attributed to
common stockholders of $18.8 million for Q3 2015. The company's Time charter revenues were
$27.1 million for Q3 2016 compared to $38.9 million for the same
quarter of 2015. Register for free on Stock-Callers.com and get access to the latest PDF format report on DSX at: http://stock-callers.com/registration/?symbol=DSX
Top Ships
At the close on Monday, shares in Maroussi, Greece-based Top Ships Inc. recorded a trading
volume of 800,001 shares. The stock finished 14.77% lower at $3.29. The Company's shares have
gained 17.08% in the last one month and 2.81% on an YTD basis. The stock is trading above its 50-day and 200-day moving averages
by 3.69% and 15.56%, respectively. Furthermore, shares of Top Ships, which provides seaborne transportation services worldwide,
have an RSI of 49.92. Download your free research report on TOPS at: http://stock-callers.com/registration/?symbol=TOPS
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