Stock Research Monitor: GMLP, OSG, and TK
LONDON, UK / ACCESSWIRE / June 29, 2018 / If you want a free Stock Review on NAT sign up now at www.wallstequities.com/registration. This morning, WallStEquities.com renavigates the Shipping industry, which is the life blood of the global economy.The international shipping industry is responsible for the carriage of around 90% of world trade. Under evaluation today are the following four stocks: Golar LNG Partners L.P. (NASDAQ: GMLP), Nordic American Tankers Ltd (NYSE: NAT), Overseas Shipholding Group Inc. (NYSE: OSG), and Teekay Corp. (NYSE: TK). All you have to do is sign up today for this free limited time offer by clicking the link below.
Golar LNG Partners
Hamilton, Bermuda headquartered Golar LNG Partners L.P.'s shares saw a decline of 2.31%, finishing Thursday's trading session at $15.22. A total volume of 160,247 shares was traded. The stock is trading below its 50-day moving average by 17.07%. Moreover, shares of the Company, which owns and operates floating storage regasification units and liquefied natural gas carriers under long-term charters in Brazil, Indonesia, Jordan, Kuwait, and the UAE, have a Relative Strength Index (RSI) of 31.21.
On June 01st, 2018, research firm Bank of America/ Merrill downgraded the Company's stock rating from 'Buy' to 'Underperform'.
On June 04th, 2018, Golar LNG Partners announced that the process to finalize the dropdown of its interest inFLNG Hilli Episeyohas commenced. This is following that day's announcement from Golar LNG Limited thatFLNG Hilli Episeyohas been fully accepted under its Liquefaction and Tolling Agreement with Perenco Cameroon S.A. and Societe Nationale Des Hydrocarbures, and is now in full commercial operation. Get the full research report on GMLP for free by clicking below at:
Nordic American Tankers
On Thursday, shares in Hamilton, Bermuda-based Nordic American Tankers Ltd recorded a trading volume of 1.01 million shares. The stock ended the session flat at $2.62. The Company's shares have gained 11.97% in the last month and 35.05% over the previous three months. The stock is trading 17.00% above its 50-day moving average. Furthermore, shares of the Company, which acquires and charters double-hull tankers in Bermuda and internationally, have an RSI of 57.50.
On June 13th, 2017, Nordic American Tankers announced that one of its three Samsung suezmax newbuildings, which is scheduled for delivery in August 2018, has obtained a TC contract.The Company has entered into a three-year, fixed time charter contract with the first-class charterer, Equinor (formerly Statoil) of Norway. To experience our free membership services anytime/ anywhere and access the free report on NAT, click to register at:
Overseas Shipholding Group
Shares in Tampa, Florida headquartered Overseas Shipholding Group Inc. closed at $3.87, down 3.25% from the last trading session. The stock recorded a trading volume of 352,494 shares. The Company's shares have gained 8.40% in the last month and 36.27% over the previous three months. The stock is trading 4.87% and 37.16% above its 50-day and 200-day moving averages, respectively. Additionally, shares of Overseas Shipholding, which owns and operates a fleet of oceangoing vessels engaged in the transportation of crude oil and petroleum products in the US, have an RSI of 54.99. Join our big investor community at Wall St. Equities today and get your free report on OSG at:
Hamilton, Bermuda-based Teekay Corp.'s stock ended 0.66% higher at $7.63 with a total trading volume of 543,781 shares. The Company's shares have advanced 14.22% over the past year. The stock is trading below its 50-day moving average by 8.67%. Furthermore, shares of Teekay, which provides crude oil and gas marine transportation; offshore oil production; and storage and offloading services in Bermuda and internationally, have an RSI of 39.58.
On June 15th, 2018, Teekay GP LLC, the general partner of Teekay LNG Partners L.P. (TGP) which is formed by Teekay, has declared cash distributions of $0.5625 per unit on TGP's Series A preferred units and $0.5313 per unit on the TGP's Series B preferred units for the period from April 01st, 2018, to June 30th, 2018. The cash distributions are payable on July 16th, 2018, to all unitholders of record as at June 29th, 2018. Know more about TK in our free research coverage at:
Wall St. Equities:
Wall St. Equities (WSE) 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. WSE 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.
WSE 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 firstname.lastname@example.org. 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 WSE. WSE 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.
WSE, 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. WSE, 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, WSE, 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 WSE 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
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:
Phone number: 21 32 044 483
Office Address: 1 Scotts Road #24-10, Shaw Center Singapore 228
CFA® and Chartered Financial Analyst® are registered trademarks owned by CFA Institute.
SOURCE: Wall St. Equities