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How Crude Oil Tanker Stocks Are Performing

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Apr. 28 2017, Published 4:19 p.m. ET

Stock performance

Since the beginning of 2017, crude tanker companies have provided mixed returns. Teekay Tankers, Euronav, Tsakos Energy Navigation, Nordic American Tankers, and Frontline have posted negative YTD (year-to-date) returns, while other companies have posted positive returns.

[marketrealist-chart id=2060004]

Crude tanker companies’ YTD stock performances as of April 27, 2017, are as follows:

  • Gener8 Maritime (GNRT): rose 23.7%
  • Tsakos Energy Navigation (TNP): fell 1.3%
  • Nordic American Tankers (NAT): fell 0.30%
  • Frontline (FRO): fell 6.1%
  • Navios Maritime Midstream Partners (NAP): rose 11.5%
  • DHT Holdings (DHT): rose 18.7%
  • Euronav (EURN): fell 1.9%
  • Teekay Tankers (TNK): fell 9.1%

Shipping companies account for 19.7% of the Guggenheim Shipping ETF (SEA). SEA rose 6.5% in the period. Investors interested in broader exposure to the industrials sector can invest in the SPDR Dow Jones Industrial Average ETF (DIA).

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Industry drivers and series overview

China is a key market for crude oil tankers, so in this series, we’ll assess China’s oil imports, its suppliers, its economic health, and its impact on the crude tanker industry.

We’ll also look at crude oil demand in the United States, the world’s largest economy. We’ll assess the medium- and long-term outlooks for the crude tanker industry through newbuilds and secondhand vessel prices. Fleet growth pressured tanker rates in the first quarter. In this series, we’ll see the expectations for fleet growth in 2017 and 2018 and look at the impact on the tanker industry.

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