NEW YORK, March 1, 2017 /PRNewswire/ --
This morning, Stock-Callers.com tracks the performances of these four Shipping companies: Seaspan Corp. (NYSE: SSW), Costamare
Inc. (NYSE: CMRE), Overseas Shipholding Group Inc. (NYSE: OSG), and Teekay Offshore Partners L.P. (NYSE: TOO). According to the
Baltic and International Maritime Council, the Shipping industry will face another die-hard year of competition in 2017,
projecting that the Container Shipping segment will see a net fleet growth of around 3.1% this year, compared with an estimated
1.1% in 2016. Learn more about these stocks by downloading their free report at:
http://stock-callers.com/registration
Seaspan
Majuro, Marshall Islands-based Seaspan Corp.'s stock finished Tuesday's session 0.26% higher
at $7.84. A total volume of 1.25 million shares was traded, which was above their three months
average volume of 1.07 million shares. The Company's shares are trading below their 50-day moving average by 12.26%. Furthermore,
shares of Seaspan, which operates as an independent charter owner and manager of containerships in Hong
Kong, have a Relative Strength Index (RSI) of 44.65.
On February 01 st, 2017, research firm Morgan Stanley initiated an 'Underweight'
rating on the Company's stock.
On February 28 th, 2017, Seaspan reported that revenue decreased by 2.4% on a y-o-y
basis to $213.2 million for the quarter ended December 31
[ s ], 2016, primarily due to lower average charter rates for vessels that were on short-term
charters and an increase in unscheduled off-hire, primarily relating to vessels being off-charter, including the three vessels
previously chartered to Hanjin Shipping Co., Ltd. The Company posted normalized earnings per diluted share of $0.21 for Q4 2016. The free research report on SSW is available at:
http://stock-callers.com/registration/?symbol=SSW
Costamare
Shares in Monaco-based Costamare Inc. ended at $6.11, down
2.55% from the last trading session. The stock recorded a trading volume of 1.50 million shares, which was above its three months
average volume of 971,570 shares. The Company's shares have gained 1.66% in the last one month and 10.92% since the start of this
year. The stock is trading 5.20% above its 50-day moving average. Moreover, shares of Costamare, which owns and charters
containerships to liner companies worldwide, have an RSI of 57.28.
On January 26 th, 2017, Costamare reported Voyage revenues adjusted on a cash basis
of $107.3 million and $460.5 million for the three-months and the
year ended December 31 st, 2016, respectively. The Company posted adjusted net income
available to common stockholders of $23.0 million, or $0.28 per
share, and $115.1 million, or $1.49 per share, for the three-months
and the year ended December 31 st, 2016, respectively.
On February 13 th, 2017, research firm Wells Fargo upgraded the Company's stock
rating from 'Market Perform' to 'Outperform'. The complimentary report on CMRE can be downloaded at:
http://stock-callers.com/registration/?symbol=CMRE
Overseas Shipholding
Tampa, Florida headquartered Overseas Shipholding Group Inc.'s stock ended yesterday's
session 1.77% lower at $5.00. A total volume of 3.09 million shares was traded, which was higher
than their three months average volume of 728,850 shares. The Company's shares have advanced 30.55% on an YTD basis. The stock is
trading 6.35% above its 50-day moving average. Additionally, shares of Overseas Shipholding Group, which primarily engages in the
ocean transportation of crude oil and petroleum products, have an RSI of 53.57.
On February 24 th, 2017, Overseas Shipholding Group announced that it plans to
release Q4 and full year 2016 results before market open on March 07 th, 2017. The
Company will host a conference call to discuss its Q4 and full year 2016 results at 9:00 a.m. ET on
March 07 th, 2017. Visit us today and download our complete research report on OSG for
free at:
http://stock-callers.com/registration/?symbol=OSG
Teekay Offshore Partners
At the close of trading on Tuesday, shares in Hamilton, Bermuda headquartered Teekay Offshore
Partners L.P. recorded a trading volume of 781,376 shares, which was above their three months average volume of 726,510 shares.
The stock finished 0.39% higher at $5.11. The Company's shares have gained 2.94% on an YTD basis.
The stock is trading below its 200-day moving average by 6.66%. 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 37.59.
On February 23 rd, 2017, Teekay Offshore reported GAAP net income attributable to the
partners and preferred unit-holders of $92.0 million and adjusted net income attributable to the
partners and preferred unit-holders of $8.5 million in Q4 2016. The Company generated distributable
cash flow of $21.6 million, or $0.15 per common unit, in Q4 2016 and
$161.3 million, or $1.28 per common unit, during full year 2016. Get
free access to your technical report on TOO at:
http://stock-callers.com/registration/?symbol=TOO
--
Stock Callers:
Stock Callers (SC) produces regular sponsored and non-sponsored reports, articles, stock market blogs, and popular investment
newsletters covering equities listed on NYSE and NASDAQ and micro-cap stocks. SC has two distinct and independent departments.
One department produces non-sponsored analyst certified content generally in the form of press releases, articles and reports
covering equities listed on NYSE and NASDAQ and the other produces sponsored content (in most cases not reviewed by a registered
analyst), which typically consists of compensated investment newsletters, articles and reports covering listed stocks and
micro-caps. Such sponsored content is outside the scope of procedures detailed below.
SC has not been compensated; directly or indirectly; for producing or publishing this document.
PRESS RELEASE PROCEDURES :
The non-sponsored content contained herein has been prepared by a writer (the "Author") and is fact checked and reviewed by a
third party research service company (the "Reviewer") represented by a credentialed financial analyst [for further information on
analyst credentials, please email info@stock-callers.com. Rohit Tuli, a CFA® charterholder (the "Sponsor"), provides necessary guidance in preparing the document
templates. The Reviewer has reviewed and revised the content, as necessary, based on publicly available information which is
believed to be reliable. Content is researched, written and reviewed on a reasonable-effort basis. The Reviewer has not performed
any independent investigations or forensic audits to validate the information herein. The Reviewer has only independently
reviewed the information provided by the Author according to the procedures outlined by SC. SC is not entitled to veto or
interfere in the application of such procedures by the third-party research service company to the articles, documents or
reports, as the case may be. Unless otherwise noted, any content outside of this document has no association with the Author or
the Reviewer in any way.
NO WARRANTY
SC, the Author, and the Reviewer are not responsible for any error which may be occasioned at the time of printing of this
document or any error, mistake or shortcoming. No liability is accepted whatsoever for any direct, indirect or consequential loss
arising from the use of this document. SC, the Author, and the Reviewer expressly disclaim any fiduciary responsibility or
liability for any consequences, financial or otherwise arising from any reliance placed on the information in this document.
Additionally, SC, the Author, and the Reviewer do not (1) guarantee the accuracy, timeliness, completeness or correct sequencing
of the information, or (2) warrant any results from use of the information. The included information is subject to change without
notice.
NOT AN OFFERING
This document is not intended as an offering, recommendation, or a solicitation of an offer to buy or sell the securities
mentioned or discussed, and is to be used for informational purposes only. Please read all associated disclosures and disclaimers
in full before investing. Neither SC nor any party affiliated with us is a registered investment adviser or broker-dealer with
any agency or in any jurisdiction whatsoever. To download our report(s), read our disclosures, or for more information, visit
http://stock-callers.com/legal-disclaimer/
CONTACT
For any questions, inquiries, or comments reach out to us directly. If you ' re
a company we are covering and wish to no longer feature on our coverage list contact us via email and/or phone between
09:30 EDT to 16:00 EDT from Monday to Friday at:
Email: info@stock-callers.com
Phone number: +44-330-808-3765
Office Address: Clyde Offices, Second Floor, 48 West George Street, Glasgow, U.K. -G2 1BP
CFA® and Chartered Financial Analyst® are registered trademarks owned by CFA Institute.
SOURCE Chelmsford Park SA