" We are initiating coverage with a Buy rating on Scorpio Tankers (Nasdaq: STNG) and Tsakos Energy Navigations (NYSE: TNP), an Accumulate rating on Ship Finance International (NYSE: SFL); a Neutral rating on Navios Maritime Acquisition Corp (Nasdaq: NNA) and Overseas Shipholding Group (NYSE: OSG), and a Reduce rating on Nordic American Tankers (NYSE: NAT)."
So why a buy rating on STNG but a neutral rating on NNA. Maybe they just looked at the charts for the two and recognized that STNG's price movement has been stronger of late. No doubt because if rates turn around, STNG will benefit stronger, sooner. But the price movement of the two stocks, I would say, does no reflect the greater security of NNA if there is any delay in charter rates moving up. The market is not always right.
And note that STNG is has been losing a considerable amount of money of late. Yahoo doesn't have any analyst estimates on the next quarter. STNG's share price is going to suffer if there is any delay in charter rate recovery. Delays here could call into question STNG's survival. They appear to have lost $2.50 over the past month. I just don't see the analysts sunny optimism regarding STNG vs NNA.