Week 12: Crude Tanker Stocks Traded in the Red



No changes in analyst estimates

In week 12, which ended on March 25, 2016, there were no changes in analysts’ estimates for crude tanker companies. This was unlike the previous week, where we saw some downgrades.

In week 12, almost all crude tanker stocks ended in negative territory. Let’s look in detail at each company’s performance for last week.

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Stock performance 

Frontline (FRO) fell the most, by 13%. Teekay Tankers’ (TNK) stock price depreciated by 10%. The returns of the other crude oil tanker stocks are as follows:

  • Gener8 Maritime (GNRT) was flat.
  • Tsakos Energy Navigation (TNP) fell by 5%.
  • Navios Maritime Midstream Partners (NAP) fell by 2%.
  • DHT Holdings (DHT) fell 6%.
  • Euronav (EURN) fell by 6%.
  • Nordic American Tankers (NAT) fell by 3%.

Shipping companies account for 19.7% of the Guggenheim Shipping ETF (SEA). SEA fell by 6% during the week ending March 24, 2016. Investors who are interested in broader exposure to the industrials sector can consider the SPDR Dow Jones Industrial Average ETF (DIA).

Series focus

In this series, after looking stock performances for week 12, we’ll see how tanker rates moved during the week. We’ll take a look at the cost side of the tanker industry, including bunker fuel costs and tanker industry valuations. We’ll start with tanker rates in the next article.


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