Frontline Ltd

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  • uploads///dcadbbbaeaeeefe
    Macroeconomic Analysis

    Decoding the Fall in Crude Tanker Rates

    Since the BDTI (Baltic Dirty Tanker Index) has fallen by 50% from the beginning of the year, crude tanker stock prices have also fallen.

    By Sue Goodridge
  • uploads///oil imports
    Macroeconomic Analysis

    China Had the 2nd-Highest Crude Oil Imports in August

    August was the first time in 22 months that China has recorded a YoY increase in imports. Crude oil imports for China are now at a record high.

    By Sue Goodridge
  • uploads///Analyst Recco_
    Miscellaneous

    Analysts’ Recommendations for Crude Tanker Stocks

    In Week 28, analysts made no target price revisions or recommendation changes for crude tanker companies.

    By Sue Goodridge
  • Energy & Utilities

    Must-know: Why products supplied are increasing

    For the week ending October 3, 2014, total products supplied were 19 million barrels per day (or bpd)—compared to 18.6 million bpd in the first week of September.

    By Katie Dale
  • uploads///DHT
    Miscellaneous

    What Analysts Recommend for the Top Two Crude Tanker Stocks

    DHT Holdings (DHT) was the best-performing stock among peers on a YTD basis.

    By Sue Goodridge
  • uploads///Crude Tanker  Years Old Price
    Energy & Utilities

    Why current secondhand oil tanker values suggest a mixed outlook

    While the VLCC data is positive, the picture for the crude tanker business remains mixed. This could portray a short-to-medium-term negative outlook.

    By Xun Yao Chen
  • uploads///NAP
    Miscellaneous

    Analysts Recommend a ‘Hold’ on Navios Maritime Midstream Partners

    The consensus 12-month target price for Navios Maritime Partners is $4.83, which implies a potential upside of 40.82% from its market price on July 12.

    By Sue Goodridge
  • uploads///Crude oil stocks
    Macroeconomic Analysis

    EIA Crude Oil Inventory Report Supports Bearish Traders

    The EIA reported that the US commercial crude oil inventory rose by 2.6 MMbbls (million barrels) to 487.4 MMbbls for the week ending December 25, 2015.

    By Gordon Kristopher
  • uploads///NAP
    Miscellaneous

    Credit Suisse Downgrades Navios Maritime Midstream Partners

    Consensus recommendations On January 13, 2017, Credit Suisse downgraded Navios Maritime Midstream Partners (NAP) to “neutral” from “outperform” and decreased the target price to $12 from $13. Only five analysts give recommendations on Navios Maritime Partners. According to Reuters, the consensus rating for the stock is 2.6, which means a “hold.” One analyst has given a […]

    By Sue Goodridge
  • uploads///fLEET dATA
    Company & Industry Overviews

    Which Crude Tanker Companies Lost More in 3Q?

    The third quarter wasn’t very good for tanker rates. In August 2016, the middle of the third quarter, tanker rates dropped to some of their lowest levels.

    By Sue Goodridge
  • uploads///Bunker Fuel Prices
    Macroeconomic Analysis

    Time Charter Rates Fell at the End of November

    The time charter rates for one year on VLCCs (very large crude carriers) fell to $43,000 per day on November 25—compared to $45,500 per day the previous week.

    By Sue Goodridge
  • uploads///Debt
    Earnings Report

    Euronav’s Financial and Liquidity Position after Its 3Q16 Results

    On September 30, 2016, Euronav (EURN) had long-term debt of ~$1.0 billion. This increased from $952 million at the start of the year.

    By Sue Goodridge
  • Energy & Utilities

    Why 5- and 10-year Very Large Crude Carrier prices are consistent

    Five-year-old VLCC prices remained consistent, at $75 million, with the previous month’s levels. Year-over-year prices increased by 36%. Ten-year-old VLCC prices stood unchanged at $48 million and increased by 41.2% year-over-year.

    By Katie Dale
  • uploads///Crude Tanker Newbuild Price
    Energy & Utilities

    Newbuild tanker prices rose, but you should still use caution

    October’s increase is generally positive for the long-term prospects of tanker stocks like Frontline ltd. (FRO) or Nordic American Tanker Ltd. (NAT).

    By Xun Yao Chen
  • uploads///BDTI_Week
    Miscellaneous

    Week 44: Weekly Crude Tanker Industry Update

    In week 44, many of the crude tanker stocks traded in the red. Only Frontline and Navios Maritime Midstream Partners traded in the green.

    By Sue Goodridge
  • uploads///Auto
    Macroeconomic Analysis

    China’s Auto Sales Rise 8.8%: The Impact on Crude Oil Tankers

    China’s (MCHI) auto sales for the first two months of 2017 were 8.8% higher than sales for the same period in 2016.

    By Sue Goodridge
  • uploads///efebaabbfcdcbcd
    Macroeconomic Analysis

    Record Oil at Sea: Crude Oil Prices Hit a 10-Week Low

    The US benchmark WTI crude oil futures contracts for December delivery fell by 2.9% on November 11, 2015. Crude oil prices hit lows seen in August.

    By Gordon Kristopher
  • uploads///Tanker Prices
    Miscellaneous

    VLCC Prices Rose First Time in 2017

    Newbuild VLCC (very large crude carrier) prices rose in May 2017, and this is the first time we’ve seen a rise in prices this year.

    By Sue Goodridge
  • uploads///Crude Tanker Stock Perf
    Energy & Utilities

    Gener8 Maritime Partners: Fourth-Best Performer in 2018

    Gener8 Maritime Partners’ YTD returns were -10% as of April 5, 2018. Gener8 Maritime Partners is the fourth-best performer among its peers YTD.

    By Sue Goodridge
  • uploads///Dividends
    Earnings Report

    Euronav’s Cash Return Policies to Shareholders

    In September 2015, Euronav distributed an interim dividend of $0.62 per share. Euronav has stated that it is committed to distributing 80% of net income.

    By Sue Goodridge
  • uploads///Crude Tanker Price  Years Old    e
    Energy & Utilities

    Why 15-year ship prices point to negative outlook for tanker stocks and earnings

    Why ship prices (value) matter Ship prices (values) are often good indicators of financial health in the shipping industry. When shipping demand grows more than the supply of ships, shipping companies place additional orders of ships, which drives up purchase prices. Additionally, when firms are able to charge higher prices for transporting goods across the […]

    By Xun Yao Chen
  • uploads///dccdfcbcdfcbd
    Miscellaneous

    On Deck with Crude Tankers: Positives and Negatives

    Crude tanker stocks have given mixed returns in 2017. Gener8 Maritime has been the best performer YTD, while Nordic American has been the worst.

    By Sue Goodridge
  • uploads///DHT
    Miscellaneous

    Analyzing DHT Holdings’ Performance in 2018

    DHT Holdings’ (DHT) YTD returns were 1.1% as of April 5, 2018. DHT Holdings is the only crude tanker company with a positive YTD return.

    By Sue Goodridge
  • uploads///Revenue
    Earnings Report

    Frontline Management’s Outlook for Tanker Rates

    Even though industry tanker rates were strong compared to 1Q15, the company recorded negative growth of -7% in 2Q15 compared to 1Q15.

    By Sue Goodridge
  • uploads///tanker _
    Miscellaneous

    Week 9: Crude Tanker Industry Update

    In week 9 of 2018, which ended on March 2, the BDTI rose from 646 to 669. In week 8, the index fell by three points.

    By Sue Goodridge
  • uploads///TNP
    Energy & Utilities

    Tsakos Energy Navigation: Fifth-Best Performer in 2018

    Tsakos Energy Navigation’s (TNP) YTD returns were -12.8% as of April 5, 2018. Tsakos Energy Navigation is the fifth-best performer among its peers YTD.

    By Sue Goodridge
  • uploads///Auto
    Macroeconomic Analysis

    Understanding China’s Rising Auto Sales in November 2016

    China’s (FXI) auto sales rose to ~2.9 million in November 2016 from ~2.7 million in October.

    By Sue Goodridge
  • Energy & Utilities

    Why high shipping capacity growth will continue to pressure tanker earnings

    Update to Shipping capacity growth drops but outpaces demand, negative for tanker stocks The importance of capacity In a highly commoditized industry, like the shipping industry, capacity is an important metric that directly impacts companies’ top line, or revenue performance. When capacity grows faster than demand, competition will rise among individual shipping firms as they try […]

    By Xun Yao Chen
  • uploads///Orderbook
    Miscellaneous

    Will Fleet Growth Prove Negative for the Crude Tanker Industry?

    In the first week of 2017, the number of VLCCs (very large crude carriers) in the world was 686. Halfway into 2017, the VLCC fleet has grown to 713.

    By Sue Goodridge
  • uploads///ffbdcccffaec
    Miscellaneous

    Crude Oil Prices Rose Due to Geographical Tensions

    The US benchmark WTI crude oil futures contracts for December delivery rose by 2.5% on November 16. Crude oil prices rose due to possible supply disruptions.

    By Gordon Kristopher
  • uploads///Orderbook crude
    Energy & Utilities

    Must-know: Why the crude tanker orderbook is expanding

    In order to assess the industry’s fundamental outlook, managers use the oil tanker orderbook. It’s an important yardstick. It includes the number of ships that have been ordered and the number of ships under construction. A rising orderbook usually suggests that oil tankers have a better expectation for future supply and demand dynamics.

    By Katie Dale
  • uploads///Article
    Materials

    Tankships seeks to expand its fleet size through acquisitions

    Tankships seeks to expand its fleet size through timely and selective acquisitions of additional secondhand modern tankers and the available optional vessels.

    By Katie Dale
  • uploads///BDTI
    Macroeconomic Analysis

    VLCC Rates Rise by 127% Month-over-Month, BDTI Rises 15% YoY

    VLCC rates (very large crude carrier) for the benchmark route Gulf to Japan rose from $49,400 per day last month to $112,100 per day for the week ending October 2, 2015.

    By Sue Goodridge
  • Energy & Utilities

    Why Canadian crude exports to the US are on a high

    According to the U.S. Energy Information Administration (or EIA), for the week ending September 12, 2014, U.S. crude oil imports from Canada hit a record high of 2.99 million barrels per day (or bpd). This was a 20% increase from the same period last year. Meanwhile, the four-week average on September 12 was 2.93 million bpd.

    By Katie Dale
  • uploads///TNK Global oil demand
    Industrials

    Outlook for global growth and tanker fleet for Teekay Tankers

    Looking ahead to 2015, Teekay Tankers Ltd. (TNK) forecasts 2.0% net global tanker fleet growth with major contribution from the product tanker sector. There is a negative fleet growth estimate for the Suezmax and uncoated Aframax sectors.

    By Katie Dale
  • Energy & Utilities

    Why the Baltic Dirty Tanker Index going south

    Analysts and money managers follow the Baltic Dirty Tanker Index (or BDTI). They follow the Index to assess the crude oil shipping industry’s revenue and earnings potential. The Baltic Dirty Tanker Index decreased to 699 on August 29, 2014. It was 826 at the beginning of the month.

    By Katie Dale
  • Energy & Utilities

    Weekly product tanker capacity growth rises, crude tanker falls

    While annual capacity growth still remains above 3.5% for crude tankers and even higher for product tankers, it has come down since April, which is a positive sign.

    By Xun Yao Chen
  • uploads///BDTI_Week
    Miscellaneous

    Week 25: How Did the Crude Tanker Index Perform?

    Since the beginning of 2018, the BDTI (Baltic Dirty Tanker Index) has fluctuated between 628 and 781. The year started out with the BDTI at 700.

    By Sue Goodridge
  • Energy & Utilities

    Frontline has options, but they’ll likely put the company behind

    There are several things Frontline can do to pay its maturing $190 million bonds. But activities such as selling assets or raising additional capital would likely put Frontline behind its peers.

    By Xun Yao Chen
  • uploads///wilhelmshaven sea bridge tanker
    Energy & Utilities

    Crude Tanker Stocks Fell in Week 29

    The BDTI can be used to assess the crude tanker industry. In week 29 (week ending July 20), the BDTI fell from 744 to 723.

    By Sue Goodridge
  • uploads///fadedabecfeddcdf
    Macroeconomic Analysis

    Crude Oil Prices Fell Due to the Appreciating US Dollar

    December WTI crude oil futures contracts trading in NYMEX fell by 2.6% on November 17. Crude oil prices resumed a downward trend.

    By Gordon Kristopher
  • uploads///China Crude Oil Import
    Energy & Utilities

    Key tanker stock drivers: China’s crude oil import volume

    China’s crude oil import: The most important factor An indicator that has a first-degree (direct) influence on tanker rates is China’s crude oil import volume. When import volume rises, more tankers will be in use, which pushes up shipping rates. Conversely, lower import volume means an increased number of idled ships, which leads to increased […]

    By Xun Yao Chen
  • uploads///long haul trade
    Company & Industry Overviews

    US Crude Takes Longest Route to Reach Destinations

    According to preliminary weekly US data, total crude exports have averaged ~0.77 MMbpd in 2017—substantially higher than the same period last year.

    By Sue Goodridge
  • uploads///Baltic Dirty and Clean Tanker Indexes Change    e
    Energy & Utilities

    Crude tanker index 25% lower, product tanker index steady

    On August 30, the Baltic Dirty Tanker Index and Baltic Clean Tanker Index stood at 622 and 604, respectively.

    By Xun Yao Chen
  • uploads///TNK
    Miscellaneous

    Analysts See a 43% Potential Upside for Teekay Tankers

    The consensus 12-month target price for Teekay Tankers is $1.69, which implies a potential upside of 43.2% from its July 11 market price.

    By Sue Goodridge
  • uploads///Saudi Production
    Macroeconomic Analysis

    Saudi Arabian Oil Production and Demand Increase

    In June 2015, Saudi Arabian oil production hit a record high of 10.57 mbpd, the highest in the last three decades. In July, oil production fell to 10.36 mbpd, but it was still 4% higher than the same period last year.

    By Sue Goodridge
  • uploads///valuation
    Company & Industry Overviews

    How Does Tsakos’s Valuation Compare to Its Peers and Its Past?

    Tsakos Energy Navigation’s enterprise value to earnings before interest, tax, depreciation, and amortization multiple is 4.7x as of February 18, 2016.

    By Sue Goodridge
  • uploads///FRO
    Earnings Report

    Frontline: What Do Analysts Expect in 1Q18?

    The consensus 12-month target price for Frontline is $5.02, which implies a potential upside of 3.7% from the market price on April 19.

    By Sue Goodridge
  • uploads///Peer Grp Valuation
    Macroeconomic Analysis

    Key for Investors: Valuations as Indicators

    In the shipping industry, valuations are generally higher in bad times—the profitability is lower. Similarly, valuations are lower in good times.

    By Sue Goodridge
  • Energy & Utilities

    Why Teekay Tankers has high liquidity and leverage ratios

    With TK evolving from a small player to global marine midstream service provider, the company has garnered significant advantages and a strong standing in the industry.

    By Katie Dale
  • uploads///Highlights
    Energy & Utilities

    Euronav: Third-Best Performer among Crude Tanker Stocks

    Euronav’s (EURN) YTD (year-to-date) returns were -9.2% as of April 5, 2018. Euronav is the third-best performer among its peers on a YTD basis.

    By Sue Goodridge
  • uploads///Ratios
    Earnings Report

    How DHT Holdings Has Been Improving Its Leverage

    DHT Holdings’ (DHT) debt has risen to $662 million as of the end of 4Q15 from $621 million recorded in 3Q15.

    By Sue Goodridge
  • uploads///Euronav Fleet
    Earnings Report

    Fleet Updates for Euronav in 4Q16

    Long-term contract On October 3, 2016, Euronav (EURN) signed a long-term time charter contract with Valero Energy. The contract is for seven years and will commence in 2018. To fulfill the contract, Euronav has ordered two Suezmax vessels. They will be delivered in early 2018, just before the contract commences. Delivery deferred Euronav’s two VLCCs […]

    By Sue Goodridge
  • uploads///LLS and Brent Crude Price
    Energy & Utilities

    Must-know: Why the U.S. could hit a light crude oil refining wall

    While U.S. oil imports have been falling over the last few years, tanker companies could benefit from a brighter outlook on U.S. oil imports in 2014.

    By Xun Yao Chen
  • uploads///global inventory
    Macroeconomic Analysis

    Crude Oil Inventories Suggest Bear Market May Extend beyond 2016

    The EIA projects that global crude oil inventories could slow down to 1.4 MMbpd in 4Q15, and then fall to an average of around 0.6 MMbpd.

    By Gordon Kristopher
  • uploads///EBITDA
    Earnings Report

    Where Do Analysts See Frontline’s Earnings in Upcoming Quarters?

    Analysts’ EBITDA (earnings before interest, tax, depreciation, and amortization) estimate for 2Q16 is $97 million, a 94% increase from $50 million in 2Q15.

    By Sue Goodridge
  • uploads///Oil Demand
    Earnings Report

    Euronav: Recycling Is Encouraging for the Tanker Industry

    Euronav (EURN) discussed the crude tanker industry in its 1Q18 conference call. Euronav talked about headwinds and constructive drivers.

    By Sue Goodridge
  • uploads///Revenue
    Earnings Report

    Analysts Expect a Plunge in Frontline’s 3Q16 Revenues

    Because crude tanker rates are generally strong in the fourth quarter, Wall Street analysts expect Frontline (FRO) to report a rise in revenue to $115.8 million in 4Q16.

    By Sue Goodridge
  • uploads///US Crude Oil Rotary Rig Count Domestic Production    e
    Energy & Utilities

    U.S. oil production could slow in 2014, benefiting crude tankers

    As oil production appears to be lagging oil rig count by two to three years, U.S. oil production growth could start to show signs of slowing in 2014. That could be positive for demand for crude tanker companies.

    By Xun Yao Chen
  • uploads///Stock price and EBITDA
    Earnings Report

    Investors Disappointed with NAT’s Results despite Strong Revenues

    In this series, we’ll look at Nordic American Tankers’ (NAT) 4Q15 results, and we’ll analyze the factors that could affect the company’s revenue and costs in 1Q16. We’ll also analyze NAT’s fleet and its recent investments.

    By Sue Goodridge
  • uploads///Article
    Real Estate

    Newbuild prices record marginal change

    Newbuild VLCC (very large crude carrier) prices for the month of November 2014 decreased to $97.7 million compared to $98.1 million in October 2014.

    By Katie Dale
  • uploads///Article
    Industrials

    A review of Frontline and its fleet

    Frontline Ltd. (FRO) is engaged mainly in the ownership or operation of oil tankers used to transport crude oil. It’s owned by Norwegian shipping magnate John Fredriksen.

    By Katie Dale
  • uploads///Article
    Industrials

    Frontline comments on global shipping industry

    Frontline recorded better vessel earnings compared to the second quarter. Improved fleet utilization was due to increased travel distance driven by crude moving from the Atlantic Basin to China.

    By Katie Dale
  • uploads///Article
    Industrials

    Five-year and ten-year VLCC prices increase

    With faster deliveries and employment of vessels, secondhand vessels tend to reflect industry participants’ expectations for medium-term fundamentals.

    By Katie Dale
  • uploads///BDTI
    Energy & Utilities

    Baltic Dirty Tanker Index gains on rising Chinese imports

    The Baltic Dirty Tanker Index interests analysts and money managers. They use it to assess the revenue and earnings potential of the crude oil shipping industry.

    By Katie Dale
  • Energy & Utilities

    5-year-old and 10-year-old VLCC prices stay at consistent levels

    Since secondhand vessels can be delivered within a few months, they tend to reflect industry participants’ expectations for medium-term fundamentals and rates, unlike newbuilds, for which two years of delivery time is mandatory.

    By Katie Dale
  • uploads///Baltic Dirty Tanker Index    e
    Energy & Utilities

    Indicators for the boom and bust cycle of crude tankers

    Like any other commoditized industry, the shipping industry is also very cyclical due to lengthy construction lead time.

    By Xun Yao Chen
  • uploads///Brent Oil and Baltic Dirty Tanker Index    e
    Energy & Utilities

    Key tanker stock drivers: Baltic Dirty Tanker Index and Brent oil

    Brent oil and the Baltic Dirty Tanker Index Commodity prices and shipping rates are like twins: when prices like oil are rising, they often reflect a faster increase in demand than supply—and higher demand often correlates with trade activity. As vessels like crude tankers can take up to five years to build, they also mean […]

    By Xun Yao Chen
  • uploads///Article
    Energy & Utilities

    DHT Holdings’ fleet portfolio and vessels under construction

    Most of the vessels in DHT Holdings’ fleet portfolio were built in the year 2000 and onwards. The exception is one vessel that was built in 1999.

    By Katie Dale
  • uploads///Article
    Energy & Utilities

    Current vessel prices rising

    Depending on its size, a tanker takes two to three-plus years to build, with each tanker costing upward of ~$60 million.

    By Katie Dale
  • uploads///Article
    Energy & Utilities

    US top oil producer; crude imports decline

    The US has produced more oil than Saudi Arabia since the fourth quarter of 2012, and the country’s oil production surpassed Russia’s output in 2011.

    By Katie Dale
  • uploads///Article
    Energy & Utilities

    5- and 10-year VLCC and Suezmax weekly prices on the run-up

    Weekly vessel values have been on the rise, with positive week-over-week and significant year-over-year growth.

    By Katie Dale
  • uploads///Chart
    Energy & Utilities

    Navios Maritime Midstream Partners: Company overview, fleet

    Since its listing on November 14, 2014, until January 16, 2015, Navios Maritime Midstream Partners recorded a 4.2% increase in its share price.

    By Katie Dale
  • uploads///LPG
    Energy & Utilities

    Navios Maritime Midstream may enter LPG market

    The international LPG shipping market is volatile in profitability, charter rates, and vessel values, adversely affecting businesses during downturns.

    By Katie Dale
  • uploads///Chart
    Energy & Utilities

    Navios Maritime Midstream: Analyst targets, management comments

    Angeliki Frangou, head of Navios Group, expects 2015 to be an uncertain period. Factors include anemic growth in Europe and deflationary fears in Japan.

    By Katie Dale
  • uploads///NAT Leverage Ratio
    Energy & Utilities

    Why did Nordic decide to raise capital instead of debt?

    According to Nordic American Tanker Ltd. (NAT), the company will use the net proceeds from the follow-on offering to primarily finance the acquisition of two to four vessels.

    By Xun Yao Chen
  • Energy & Utilities

    Nordic American Tanker might buy 3 newer or 4 older vessels

    According to Nordic American Tanker Ltd.’s (NAT) prospectus, the company will acquire two to four vessels from net proceeds on 10,000,000 share issuance, which is now raised to 12,000,000 shares.

    By Xun Yao Chen
  • uploads///Baltic Dirty Tanker Index
    Macroeconomic Analysis

    Tanker Rates Exhibit a Counter-Seasonal Trend

    For June, the Baltic Dirty Tanker Index recorded 43% growth on a YoY basis. It was at 1,025. Normally, the tanker rates slowdown in the second quarter.

    By Sue Goodridge
  • uploads///Analyst Recco_
    Miscellaneous

    Evercore Downgraded DHT and Revised Companies’ Target Prices

    In week 30, the week ending July 27, Evercore downgraded one crude tanker company and revised other companies’ target prices.

    By Sue Goodridge
  • uploads///tanker _
    Energy & Utilities

    How Did the Crude Tanker Industry Fare in Week 30?

    In week 30, the week ending July 27, the BDTI rose to 759 from 723. The BDTI has risen ~8.4% in 2018.

    By Sue Goodridge
  • uploads///Analyst Recco_
    Miscellaneous

    Morgan Stanley Revised NAT and DHT’s Target Prices

    On July 17, Morgan Stanley raised Nordic American Tankers’ (NAT) target price to $2.5 from $2.25.

    By Sue Goodridge
  • uploads///TNP
    Energy & Utilities

    Tsakos Energy Navigation: Analysts’ Views before Q2 2018 Results

    The consensus 12-month target price for Tsakos Energy Navigation is $5.05, which implies a potential upside of 44.7% from its market price on July 12.

    By Sue Goodridge
  • uploads///EURN
    Miscellaneous

    Analysts’ Estimates before Euronav’s Q2 2018 Results

    The consensus 12-month target price for Euronav is $10.89, which implies a potential upside of 22.36% from its market price on July 12.

    By Sue Goodridge
  • uploads///Analyst Recco_
    Energy & Utilities

    Week 26: Analysts’ Ratings for Crude Tanker Companies

    In week 26, which ended on June 29, none of the analysts revised their recommendations or target prices for crude tanker companies.

    By Sue Goodridge
  • uploads///NAT
    Miscellaneous

    NAT, EURN, TNK: Which One Do Analysts Like the Most?

    Analysts’ consensus rating for Nordic American Tankers (NAT) is 3.33, which means a “hold.”

    By Sue Goodridge
  • uploads///EURN
    Miscellaneous

    Euronav Takes Fourth Place among Crude Tanker Stocks This Year

    Euronav’s (EURN) YTD (year-to-date) returns were -1% as of June 28.

    By Sue Goodridge
  • uploads///NAT
    Miscellaneous

    NAT Is the Third Best Crude Tanker Stock Performer

    Nordic American Tankers’ (NAT) YTD (year-to-date) returns were 7% as of June 28.

    By Sue Goodridge
  • uploads///tanker _
    Miscellaneous

    DHT Holdings Is the Top Crude Tanker Stock So Far This Year

    DHT Holdings’ YTD returns stood at 30.6% as of June 28. The stock is the best performer among its peers so far this year.

    By Sue Goodridge
  • uploads///EBITDA
    Company & Industry Overviews

    Comparing Euronav’s, Frontline’s, and Teekay Tankers’ Earnings

    Previously, we compared five crude tanker companies’ Q1 2018 revenue. In this article, we’ll look at their Q1 2018 EBITDA.

    By Sue Goodridge
  • uploads///freighter _
    Company & Industry Overviews

    Comparing Crude Tanker Companies’ Time Charter Equivalent Rates

    In this series, we’ll compare crude tanker companies’ performance and their outlook for future quarters.

    By Sue Goodridge
  • uploads///Analyst Recco_
    Miscellaneous

    Crude Tankers: Wells Fargo’s Revised Recommendations

    On June 18, Wells Fargo upgraded DHT Holdings (DHT), Frontline (FRO), and Teekay Tankers (TNK) to “outperform.”

    By Sue Goodridge
  • uploads///freight _
    Miscellaneous

    Why Nordic American Tankers Stock Jumped 21% Yesterday

    Shares of Nordic American Tankers (NAT) closed at $2.62 on June 18—21.3% higher than the previous day’s closing price.

    By Sue Goodridge
  • uploads///FRO
    Miscellaneous

    Frontline: Analysts’ First-Quarter Estimates

    According to Reuters, the consensus rating for Frontline (FRO) is 3.33, which means a “hold.”

    By Sue Goodridge
  • uploads///EBITDA
    Earnings Report

    Analysts Estimate a 65% Fall in Frontline’s First-Quarter EBITDA

    Analysts’ EBITDA estimate for Frontline in the first quarter is $33.2 million—a 65% decrease from $97.3 million in the first quarter of 2017.

    By Sue Goodridge
  • uploads///Analyst Recco
    Earnings Report

    DNB Market Raised Frontline’s Target Price

    On May 29, DNB Market raised the target price for Frontline to 60 Norwegian kroner from 40 Norwegian kroner.

    By Sue Goodridge
  • uploads///tanker _
    Earnings Report

    Analysts Expect Frontline’s First-Quarter Revenue to Fall 30%

    Analysts estimate net revenues of $85.2 million for Frontline (FRO) in the first quarter. A sequential fall from $178.5 million in the previous quarter.

    By Sue Goodridge
  • uploads///Financial Highlights
    Earnings Report

    Updates on the Euronav and Gener8 Maritime Merger

    Euronav (EURN) and Gener8 Maritime Partners’ (GNRT) merger should close towards the end of 2Q18—subject to Gener8 shareholders’ vote.

    By Sue Goodridge
  • uploads///Analyst Recco
    Energy & Utilities

    JPMorgan Chase Upgraded Navios Maritime Midstream Partners

    On April 20, JPMorgan Chase upgraded Navios Maritime Midstream Partners (NAP) by two notches to “overweight” from “underweight.”

    By Sue Goodridge
  • uploads///DHT_Analyst Rating
    Energy & Utilities

    Analysts’ Recommendations: Top 2 Crude Tanker Stocks

    DHT Holdings has the best YTD return as of April 5, 2018, among its peers. Analysts’ consensus rating for DHT Holdings (DHT) is 2.25.

    By Sue Goodridge
  • uploads///Analyst Recco
    Miscellaneous

    Analysts’ Recommendations for Crude Tankers: A Comparison

    Now that we’ve compared crude tanker companies’ 4Q17 performances, let’s discuss analysts’ recommendations.

    By Sue Goodridge
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