Promising Shipping Stocks To Follow Today – November 9th

Viking, Frontline, Torm, Okeanis Eco Tankers, and Golar LNG are the five Shipping stocks to watch today, according to MarketBeat’s stock screener tool. Shipping stocks are shares of companies that own, operate, or manage ships used to transport cargo or passengers, such as container ships, tankers, and bulk carriers. Their performance can be influenced by shipping rates, global trade demand, fuel costs, and the size and age of a company’s fleet. These companies had the highest dollar trading volume of any Shipping stocks within the last several days.

Viking (VIK)

Viking Holdings Ltd engages in the passenger shipping and other forms of passenger transport in North America, the United Kingdom, and internationally. It operates through River and Ocean segments. The company also operates as a tour entrepreneur for passengers and related activities in tourism. As of December 31, 2023, it operated a fleet of 92 ships, including 81 river vessels comprising 58 Longships, 10 smaller classes based on the Longship design, 11 other river vessels, and 1 river vessel charter and the Viking Mississippi; 9 ocean ships; and 2 expedition ships.

Shares of NYSE VIK traded up $0.27 during midday trading on Monday, hitting $87.75. The stock had a trading volume of 2,358,722 shares, compared to its average volume of 3,118,289. The company has a market capitalization of $39.11 billion, a PE ratio of 29.06, a P/E/G ratio of 1.06 and a beta of 1.39. The stock has a 50 day simple moving average of $84.08 and a 200-day simple moving average of $85.47. Viking has a 1 year low of $56.67 and a 1 year high of $110.09. The company has a quick ratio of 0.79, a current ratio of 0.81 and a debt-to-equity ratio of 3.61.

Frontline (FRO)

NYSE FRO traded down $1.43 during mid-day trading on Monday, hitting $43.99. The stock had a trading volume of 3,207,652 shares, compared to its average volume of 3,448,640. The firm’s 50 day moving average is $50.85 and its 200 day moving average is $39.67. The company has a debt-to-equity ratio of 0.69, a current ratio of 1.87 and a quick ratio of 1.87. The stock has a market capitalization of $9.79 billion, a price-to-earnings ratio of 6.60 and a beta of 0.19. Frontline has a twelve month low of $20.47 and a twelve month high of $59.75.

Torm (TRMD)

TORM plc, a shipping company, owns and operates a fleet of product tankers in the United Kingdom. It operates in two operating segments, Tanker and Marine Exhaust. The Tanker segment transports refined oil products, such as gasoline, jet fuel, kerosene, naphtha, and gas oil, as well as dirty petroleum products, including fuel oil.

TRMD traded down $0.06 on Monday, hitting $34.34. 1,196,465 shares of the company’s stock were exchanged, compared to its average volume of 1,046,347. Torm has a fifty-two week low of $19.30 and a fifty-two week high of $43.31. The company has a current ratio of 2.27, a quick ratio of 1.97 and a debt-to-equity ratio of 0.33. The firm has a 50-day moving average price of $37.47 and a 200-day moving average price of $30.94. The stock has a market cap of $3.50 billion, a price-to-earnings ratio of 4.76 and a beta of 0.05.

Okeanis Eco Tankers (ECO)

Shares of Okeanis Eco Tankers stock traded down $1.51 during trading hours on Monday, reaching $81.75. 447,953 shares of the company’s stock were exchanged, compared to its average volume of 573,531. The company has a market capitalization of $3.19 billion, a P/E ratio of 7.65 and a beta of -0.32. The business has a fifty day moving average of $84.64 and a two-hundred day moving average of $60.04. Okeanis Eco Tankers has a 1 year low of $31.75 and a 1 year high of $102.56. The company has a quick ratio of 4.13, a current ratio of 4.43 and a debt-to-equity ratio of 0.76.

Golar LNG (GLNG)

Golar LNG Limited designs, converts, owns, and operates marine infrastructure for the liquefaction of natural gas. The company operates through three segments: FLNG, Corporate and Other, and Shipping. It engages in the regasification, storage, and offloading of liquefied natural gas (LNG); operation of floating liquefaction natural gas (FLNG) vessels or projects; transportation of LNG carriers; and vessel management activities.

Shares of GLNG stock traded up $0.55 during trading on Monday, hitting $43.62. 642,050 shares of the stock traded hands, compared to its average volume of 1,557,830. Golar LNG has a 52-week low of $35.02 and a 52-week high of $57.79. The company has a debt-to-equity ratio of 1.11, a current ratio of 2.34 and a quick ratio of 2.34. The firm has a market capitalization of $4.42 billion, a P/E ratio of 27.26 and a beta of 0.15. The firm’s fifty day moving average price is $48.42 and its 200-day moving average price is $49.41.