Glaukos Corp

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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///bdbacdefdddebeb
    Miscellaneous

    China’s March Data and the Crude Tanker Industry

    In many ways, China is the most important country for the crude oil tanker industry. In this series, we’ll take a close look at China’s March 2017 import-export data and manufacturing sector performance.

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

    China’s PMI Hits 19-Month Low—How It Impacts the Crude Tanker Industry

    In February 2018, China’s manufacturing PMI (purchasing managers’ index) was 50.3.

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

    How the OPEC Production Cut Turned Out for Crude Tankers

    Crude oil production has gradually fallen since the beginning of 2016, especially on the non-OPEC (Organization of the Petroleum Exporting Countries) side.

    By Sue Goodridge
  • 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///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///tanker _
    Miscellaneous

    Baltic Dirty Tanker Index Rose by 67 Points in Week 21

    Most of the crude tanker stocks rose in week 21. Euronav and DHT Holdings were the best performers in the sector.

    By Sue Goodridge
  • uploads///BDTI_Week
    Miscellaneous

    Crude Tanker Index Rose in Week 16

    In week 16, the BDTI was higher than the previous year’s level. On average, the index was 4% higher than the same period last year.

    By Sue Goodridge
  • uploads///BDTI Week
    Miscellaneous

    Crude Tanker Index and Stocks Fell in Week 14

    In week 14, the BDTI (Baltic Dirty Tanker Index) fell from 790 to 775. The BDTI tracks shipping rates for crude oil tankers on representative routes.

    By Sue Goodridge
  • 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///China Auto Sales
    Miscellaneous

    China’s Auto Sales Rose in August, Impacted Crude Tankers

    In August 2017, China’s auto sales rose 4.1% YoY (year-over-year). Its total vehicle sales rose 5.3% to 2.19 million in August.

    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///BDTI_Week
    Miscellaneous

    Crude Tanker Stocks and the BDTI Index in Week 39

    In week 39, the week ending September 29, the BDTI rose to 776 from 772. In week 38, the index rose by 28 points. It rose for the fifth consecutive week.

    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///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///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///tanker _
    Energy & Utilities

    Week 7: Crude Tanker Industry Update

    In week 7 of 2018, which ended on February 16, the BDTI rose to 649 from 642. In week 6, the index fell by 16 points.

    By Sue Goodridge
  • uploads///GNRT
    Miscellaneous

    Gener8 Maritime Partners: Analysts Recommend a ‘Buy’

    The consensus 12-month target price for Gener8 Maritime Partners is $6.8—a potential upside of 10.4% from the market price of $6.16 on May 25.

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

    Tsakos Energy Navigation: No ‘Sell’ Ratings for 2 Years

    According to Reuters, the consensus rating for Tsakos Energy Navigation is two, which means a “buy.”

    By Sue Goodridge
  • uploads///NAP
    Miscellaneous

    NAP: Analysts’ Recommendations for May

    Navios Maritime Midstream Partners earned revenues of $19.8 million in the first quarter—6.3% lower than the previous year.

    By Sue Goodridge
  • uploads///DHT
    Miscellaneous

    DHT Holdings: Analysts Recommend a ‘Buy’

    According to Reuters, the consensus rating for DHT Holdings (DHT) is 2.21, which means a “buy.”

    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///tanker _
    Earnings Report

    Analyst Recommendations for Tsakos Energy Navigation before Q1

    Tsakos Energy Navigation (TNP) is expected to release its first-quarter results on June 15. The stock has fallen 5.6% YTD as of May 30.

    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///bamboo network _
    Energy & Utilities

    China’s April Trade Data and the Crude Oil Tanker Industry

    China, which has the second-largest economy in the world, has a significant impact on the crude tanker industry.

    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
  • uploads///Analyst Recco
    Energy & Utilities

    Analysts’ Recommendations for Crude Tanker Companies

    In week 11, the week ending March 16, 2018, none of the analysts revised their recommendations or target prices for crude tanker companies.

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

    Week 10: UBS Revised Tsakos Energy Navigation’s Target Price

    In week 10, the week ending March 9, 2018, one analyst revised Tsakos Energy Navigation’s (TNP) target price.

    By Sue Goodridge
  • uploads///tanker _
    Miscellaneous

    Week 10: Crude Tanker Industry Overview

    In week 10 of 2018, which ended on March 9, the BDTI dropped to 653 from 669. In week 9, the index rose by 23 points.

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

    Tsakos Energy Navigation: Analyst Recommendations before 4Q17

    Of the 13 analysts covering Tsakos Energy Navigation, two of them have recommended a “strong buy,” while six have recommended a “buy.”

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

    Week 9: Evercore Revised Frontline’s Target Price

    In week 9 of 2018, one analyst revised Frontline’s (FRO) target price. On March 1, Evercore reduced Frontline’s target price to $3.5 from $4.

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

    Week 8: Evercore Revised Frontline’s Target Price

    In week 8, the week ending February 23, 2018, one analyst revised the target price for Frontline (FRO).

    By Sue Goodridge
  • uploads///China Auto Sales
    Energy & Utilities

    China’s January Auto Sales Impact the Crude Tanker Industry

    The China Association of Automobile Manufacturers predicts 3% auto sales growth in 2018—the same as the growth rate in 2017.

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

    Analyzing China’s January Purchasing Managers’ Index

    In January 2018, China’s manufacturing PMI (purchasing managers’ index) was 51.3. The PMI fell from 51.6 in December.

    By Sue Goodridge
  • uploads///Oil imports China
    Energy & Utilities

    China’s Crude Oil Imports Rose 20% in January

    China released its trade data for January. In dollar terms, China’s exports rose 11.1% YoY (year-over-year), while its imports rose 36.9%.

    By Sue Goodridge
  • uploads///Balance sheet
    Earnings Report

    Euronav and Gener8 Maritime Partners’ Merger

    On December 21, 2017, Euronav (EURN) and Gener8 Maritime Partners (GNRT) announced a stock-for-stock merger.

    By Sue Goodridge
  • uploads///Analyst Ratings
    Miscellaneous

    Analysts’ Recommendations before NAP’s 4Q17 Results

    Four analysts cover Navios Maritime Midstream Partners (NAP). According to Reuters, the consensus rating for the stock is 3.25, which means a “hold.”

    By Sue Goodridge
  • uploads///Analyst Recco
    Miscellaneous

    J.P. Morgan Revises Target Price for Two Crude Tanker Companies

    On January 19, 2018, J.P. Morgan reduced its target price for Euronav to $8 from $9.

    By Sue Goodridge
  • uploads///China Auto Sales
    Energy & Utilities

    Analyzing China’s December Auto Sales Data

    In December 2017, China’s auto sales rose 0.1% YoY (year-over-year) to 3.1 million. China’s automobile sales have been rebounding since June.

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

    Was China’s December PMI Data Positive for Crude Tankers?

    In December 2017, China’s manufacturing PMI (purchasing managers’ index) was 51.6. The PMI fell from 51.8 in October.

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

    China’s December Trade Data Impact the Crude Tanker Industry

    China (FXI) released key economic data for December 2017—import and export data, auto sales data, and the manufacturing index.

    By Sue Goodridge
  • uploads///Analyst Recco
    Miscellaneous

    Week 2: Analysts’ Ratings for Crude Tanker Stocks

    In the week ending January 12, 2018, none of the analysts revised their recommendations on crude (DBO) tanker companies.

    By Sue Goodridge
  • uploads///Analyst Recco
    Miscellaneous

    UBS Downgraded Gener8 Maritime Partners

    On January 4, 2018, UBS downgraded Gener8 Maritime Partners (GNRT) to “neutral” from “buy” and raised the target price to $6.75 from $6.5.

    By Sue Goodridge
  • uploads///Bunker Fuel Prices_Week
    Miscellaneous

    Oil Price Reach 3-Year High: What about Bunker Fuel Prices?

    On January 4, 2018, the average bunker fuel price was $431 per ton—compared to $413 per ton on December 21, 2017.

    By Sue Goodridge
  • uploads///Revenue
    Miscellaneous

    Frontline: Analysts Recommend a ‘Hold’

    One analyst gave a “buy” recommendation, four analysts gave a “hold” recommendation, and one analyst gave a “sell” recommendation for Frontline stock.

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

    Week 51: Analysts’ Recommendations for Crude Tanker Companies

    None of the analysts revised their recommendations or target prices for crude (DBO) tanker companies in week 51 (week ending December 22, 2017).

    By Sue Goodridge
  • uploads///Crude Tanker Stock Perf
    Miscellaneous

    Why Gener8 Maritime Partners Rose Steeply Last Week

    On December 21, 2017, Euronav confirmed that it will acquire Gener8 Maritime Partners for ~$493 million in an all-stock transaction.

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

    Analysts’ Recommendations for NAP, DHT, and TNP

    Analysts’ consensus target price is $9.5 as of December 19. NAP is trading at $9.21, which implies a 3.1% return in the next 12 months at the current price.

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

    Top 2 Crude Tanker Stocks: Analysts’ Recommendations

    Euronav was the best performing stock in 2017 among its peers. Analysts’ consensus rating for Euronav (EURN) is 2.17, which means a “buy.”

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

    Gener8 Maritime Partners: Second-Best Performing Stock

    Gener8 Maritime Partners (GNRT) YTD (year-to-date) returns were -0.89% as of December 18, 2017. It was the second-best performer among its peers in 2017.

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

    Euronav: Best Performing Stock in 2017 among Crude Tankers

    Euronav’s (EURN) YTD (year-to-date) returns were 3.7% as of December 18, 2017. It was the best performer among its peers in 2017.

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

    China’s November Data Impact the Crude Tanker Industry

    China (FXI) released key economic data for November 2017—import and export data, auto sales data, and the manufacturing index.

    By Sue Goodridge
  • uploads///Analysts_NAT
    Miscellaneous

    Analysts Cut the Target Prices for NAP and NAT

    For Nordic American Tankers (NAT), five analysts recommended a “hold,” two analysts recommended a “sell,” and two analysts recommended a “strong sell.”

    By Sue Goodridge
  • uploads///Inflation Lowers the Real Return For Investors
    Company & Industry Overviews

    Ron Baron’s Investment Strategy to Beat Inflation in the Long Run

    Inflation is expected to reduce the value of assets if the price rise of the asset doesn’t catch up with inflation. Core inflation in the United States is growing at a rate of ~2%.

    By Mary Sadler
  • uploads///addfecdca
    Macroeconomic Analysis

    A Week 6 Review of the Crude Tanker Industry

    In the week ended February 10, 2017, the BDTI (Baltic Dirty Tanker Index) fell from 858 to 847. The index fell on three out of five days in the week.

    By Sue Goodridge
  • uploads///bdcffdfcabebccfba
    Earnings Report

    Analyzing Navios Maritime Midstream Partners’ 4Q16 Earnings

    On January 25, Navios Maritime Midstream Partners announced its 4Q16 revenue and earnings after the markets closed. Its revenue fell 11% to $22.8 million.

    By Sue Goodridge
  • uploads///GNRT
    Miscellaneous

    Analysts’ Estimates and Recommendations for GNRT

    Revenue and earnings estimates Wall Street analysts estimate that General Maritime Partners’ (GNRT) revenue will be ~$95 million in the fourth quarter, compared with $69 million in 3Q16 and ~$100 million in 4Q15. While revenue is expected to be lower year-over-year, EBITDA (earnings before interest, tax, depreciation, and amortization) are estimated to higher. Analysts expect 4Q16 EBITDA […]

    By Sue Goodridge
  • uploads///BDTI
    Macroeconomic Analysis

    Week 47: Overview of the Crude Tanker Industry

    In week 47, which ended on November 25, 2016, the BDTI (Baltic Dirty Tanker Index) rose from 828 to 892. The index rose sharply by 28 points on Tuesday.

    By Sue Goodridge
  • uploads///PMI
    Macroeconomic Analysis

    How Was China’s Manufacturing PMI in October?

    In October 2016, China’s manufacturing PMI (purchasing managers’ index), which is an indicator of the country’s economic health, came in at 51.2 (MCHI) (FXI).

    By Sue Goodridge
  • uploads///stock performance
    Earnings Report

    NAP Stock Rose 12.0% after 3Q16 Results

    On October 26, 2016, Navios Maritime Midstream Partners (NAP) announced its 3Q16 revenue and earnings. NAP stock rose 12.0% that day compared to the previous day’s closing price.

    By Sue Goodridge
  • uploads///BDTI
    Macroeconomic Analysis

    Performance of Baltic Dirty Tanker Index in Focus

    The BDTI (Baltic Dirty Tanker Index) stood at 554 on September 12, 2016. For the week ended September 9 (Week 36), the BDTI rose to 542 from 516 at the beginning of the week.

    By Sue Goodridge
  • uploads///BDTI
    Macroeconomic Analysis

    Week 31: Baltic Dirty Tanker Index Continues Its Slide

    The BDTI (Baltic Dirty Tanker Index) stood at 505 on August 8, 2016. For the week ending, August 5 (week 31), the BDTI fell to 509 from 541 at the beginning of the week.

    By Sue Goodridge
  • uploads///BDTI
    Macroeconomic Analysis

    Week 30: Baltic Dirty Tanker Index Shows Bad Week for Investors

    The BDTI (Baltic Dirty Tanker Index) stood at 532 on August 1, 2016. For the week ending July 29 (week 30), the BDTI fell to 541 from 582 at the beginning of the week.

    By Sue Goodridge
  • uploads///eaeffbbbedcedfebec
    Macroeconomic Analysis

    Analysts’ Updates for the Crude Tanker Industry in Week 9

    For the week ending on March 4, 2016, most of the crude tanker stocks closed and gave a positive weekly return expectation. Teekay Tankers fell by 2%.

    By Sue Goodridge
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