|Bid||0.00 x 0|
|Ask||0.00 x 0|
|Day's Range||3.52 - 3.63|
|52 Week Range||3.11 - 5.27|
|PE Ratio (TTM)||N/A|
|Earnings Date||May 10, 2018 - May 12, 2018|
|Forward Dividend & Yield||0.20 (5.73%)|
|1y Target Est||5.25|
Previously in this series, we discussed that most of the crude tanker stocks rose in the week ended April 13, 2018. VLCC (very large crude carrier) rates dropped below $10,000, while Suezmax rates dropped below $5,000. In this part of the series, we’ll see how bunker fuel prices fared in week 15.
According to Weber’s weekly report, VLCC demand was slower than expected last week, creating a fresh surplus of availability. The demand in the Middle East market declined 12% week-over-week to 22 fixtures. The VLCC fixtures in the West Africa market remained unchanged at five.
In the previous part, we discussed Wall Street analysts’ recommendations for the two top performing crude tanker stocks on a YTD (year-to-date) basis—DHT Holdings (DHT) and Frontline (FRO). In this part, we’ll discuss analysts’ recommendations for the other top crude tanker stocks on a YTD basis as of April 5, 2018.
Previously in this series, we discussed that crude tanker stocks had mixed returns in week 14, which ended April 6, 2018. VLCC (very large crude carrier) rates, Suezmax rates, and Aframax rates fell. In this part of the series, we’ll see how bunker fuel prices fared in week 14.
According to the Weber weekly tanker report, in week 14, the demand for VLCCs (very large crude carriers) fell from recent highs due to weak demand in the three key markets of the Middle East, West Africa, and the Americas. The turnaround time at Chinese ports fell, which added to the surplus of vessels. The surplus has put additional negative pressure on tanker rates.
In this part, we’ll discuss Wall Street analysts’ target prices for the top two crude tanker stocks with the best returns YTD (year-to-date) as of April 5, 2018. Analysts expect both of these companies to have positive returns in the next 12 months.
ATHENS, Greece, April 10, 2018-- TEN Ltd., a leading diversified crude, product and LNG tanker operator, today announced that its Board of Directors declared the regular quarterly cash dividend of $0.50 ...
ATHENS, Greece, March 13, 2018-- TEN LTD, a pioneering crude, product, and LNG tanker operator, today announced that on Wednesday, March 14, 2018, the President and Chief Executive Officer of the Company, ...
Nikolas Tsakos, Tsakos Energy Navigation Limited founder and CEO celebrating the company's 25th listing anniversary at the NYSE, and John McKenna, Jr., ConvergeOne Holdings chairman and CEO at the Nasdaq, ring today's opening bells.