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Gener8 Maritime is one of many stocks the market is bullish on. Its expected double-digit top-line and bottom-line growth exceeds its peers, and its financially stable position lessens the chancesRead More...
NEW YORK , June 5, 2018 /PRNewswire/ -- Cadus Corporation (KDUS) Lifshitz & Miller announces investigation into possible breaches of fiduciary duties in connection with the proposed sale of Cadus to Starfire ...
Tsakos Energy Navigation (TNP) is expected to release its first-quarter results on June 15. It’s one of the last companies among its peers to release its first-quarter earnings.
As we saw in the previous part of this series, analysts expect a 30% YoY (year-over-year) fall in Frontline’s (FRO) first-quarter revenues. In this part of the series, we’ll see what analysts expect for Frontline’s EBITDA for the first quarter and for the fiscal year.
When assessing the crude tanker industry, it’s important to look at the BDTI (Baltic Dirty Tanker Index). In week 21, which ended on May 25, the BDTI rose from 714 to 781. In week 20, the index rose by 57 points. The index shows the direction that crude tanker rates are heading. The index has risen ~12% since the beginning of the year.
We’ve already looked at what analysts expect for Frontline’s (FRO) revenues and EBITDA. Now, let’s look at what analysts recommend for Frontline and its peers.
When assessing the crude tanker industry, it’s important to look at the BDTI (Baltic Dirty Tanker Index). In week 20, which ended on May 18, the BDTI rose from 657 to 714. In week 19, the index rose by seven points. The index shows the direction that crude tanker rates are heading. The index has risen ~2.0% since the beginning of the year.
In April 2018, China’s manufacturing PMI was 51.4. In March, it was 51.5. That indicates that growth in China’s manufacturing sector eased only slightly. The index remained above 50 for the 20th consecutive month. A reading above 50 indicates economic expansion, while a reading below 50 indicates economic contraction.