NEW YORK, February 22, 2017 /PRNewswire/ --
The following research reports have been issued this morning by Stock-Callers.com on DryShips Inc. (NASDAQ: DRYS), Scorpio
Tankers Inc. (NYSE: STNG), DHT Holdings Inc. (NYSE: DHT), and Nordic American Tankers Ltd (NYSE: NAT). According to global
Shipping consultancy Drewry, earnings in the dry bulk market are expected to improve from 2017 onwards, with demand projected to
grow at a pace of 3%. Supply is also expected to grow by about 1% from this year. Download the free research reports on these
stocks today:
http://stock-callers.com/registration
DryShips
On Tuesday, shares in Athens, Greece-based DryShips Inc. recorded a trading volume of 25.22
million shares, which was above their three months average volume of 22.91 million shares. The stock ended the session 26.62%
lower at $3.28. The Company's shares are trading 81.93% below their 50-day moving average.
Moreover, shares of DryShips, which provides seaborne dry cargo and offshore support services, have a Relative Strength Index
(RSI) of 22.18.
On February 21 st, 2017, DryShips announced that it has entered into agreements with
unaffiliated third parties to acquire one 113,644 DWT Aframax tanker currently under construction in South Korea. The Company expects to take delivery of this vessel sometime in Q2 2017. The vessel is expected
to be employed in the spot market. DryShips also purchased one 320,105 DWT Very Large Crude Carrier built in 2011. The
Company expects to take delivery of this vessel sometime in Q2 2017. The vessel is expected to be employed in the spot market.
The total gross price for the two vessels is expected to be approximately $102.5 million. See our
free and comprehensive research report on DRYS at:
http://stock-callers.com/registration/?symbol=DRYS
Scorpio Tankers
Monaco-based Scorpio Tankers Inc.'s stock closed the day 0.23% lower at $4.29 with a total trading volume of 1.86 million shares. The Company's shares have advanced 2.20% in the
previous three months. The stock is trading 0.35% above its 50-day moving average. Additionally, shares of Scorpio Tankers, which
together with its subsidiaries, engages in the seaborne transportation of refined petroleum products and crude oil worldwide,
have an RSI of 55.61.
On February 14 th, 2017, research firm Morgan Stanley upgraded the Company's stock
rating from 'Equal-Weight' to 'Overweight'.
On February 21 st, 2017, Scorpio Tankers announced that Scorpio Services Holding
Limited, a related party affiliate, purchased an aggregate of 425,000 common shares of the Company in the open market at an
average price of $4.29 per share. STNG free research report PDF is just a click away at:
http://stock-callers.com/registration/?symbol=STNG
DHT Holdings
Shares in Hamilton, Bermuda headquartered DHT Holdings Inc. recorded a trading volume of
994,042 shares. The stock ended yesterday's trading session 1.46% higher at $4.86. The Company's
shares have advanced 12.29% in the past month, 30.36% over the previous three months, and 19.34% on an YTD basis. The stock is
trading above its 50-day and 200-day moving averages by 14.26% and 10.84%, respectively. Furthermore, shares of DHT Holdings,
which together with its subsidiaries, owns and operates crude oil tankers in Bermuda, have an
RSI of 65.48.
On January 30 th, 2017, research firm Stifel reiterated its 'Hold' rating on the
Company's stock with an increase of the target price from $4.50 a share to $5 a share.
On February 13 th, 2017, DHT Holdings announced that, in connection with the
cumulative effect of the previously announced (i) cash dividend of $0.02 per share of common stock
paid on November 23 rd, 2016 to stockholders of record as of the close of business on
November 16 th, 2016 and (ii) cash dividend of $0.08 per
share of common stock to be paid on February 22 nd, 2017 to stockholders of record as of
the close of business on February 14 th, 2017, the Conversion Price of the Company's
4.5% Convertible Senior Notes due 2019 was adjusted, effective February 10 th, 2017. The
Conversion Price was adjusted from $6.6570 per share to $6.5097. Sign
up for your complimentary report on DHT at:
http://stock-callers.com/registration/?symbol=DHT
Nordic American Tankers
Hamilton, Bermuda-based Nordic American Tankers Ltd's stock finished Tuesday's session 0.60%
lower at $8.29 with a total trading volume of 1.19 million shares. The Company's shares have
advanced 1.04% since the start of this year. The stock is trading below its 50-day moving average by 2.91%. Additionally, shares
of Nordic American Tankers, which engages in acquiring and chartering double-hull tankers in Bermuda and internationally, have an RSI of 45.56.
On February 06 th, 2017, Nordic American Tankers reported that earnings per share
(EPS) were -$0.02 in Q4 2016 compared to EPS of $0.34 in Q4 2015. The
Company`s adjusted net operating earnings in Q4 2016 was $28.2 million compared to adjusted net
operating earnings of $57.2 million in Q4 2015. At the end of Q4 2016, the Company had net debt of
about $305 million. Register for free on Stock-Callers.com and download the latest research report
on NAT at:
http://stock-callers.com/registration/?symbol=NAT
--
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