Shipping Stocks To Add to Your Watchlist – November 8th

Frontline, Viking, Golar LNG, Okeanis Eco Tankers, and Scorpio Tankers are the five Shipping stocks to watch today, according to MarketBeat’s stock screener tool. Shipping stocks are shares of publicly traded companies involved in transporting goods by sea, such as cargo-ship operators, tanker companies, and container-shipping firms. Their performance can be influenced by freight rates, global trade, fuel costs, and demand for shipping capacity. These companies had the highest dollar trading volume of any Shipping stocks within the last several days.

Frontline (FRO)

FRO stock traded up $0.76 during trading on Friday, hitting $45.46. 5,108,464 shares of the company’s stock traded hands, compared to its average volume of 4,438,366. The firm has a market capitalization of $10.12 billion, a P/E ratio of 6.81 and a beta of 0.19. The company has a quick ratio of 1.87, a current ratio of 1.87 and a debt-to-equity ratio of 0.69. Frontline has a 1 year low of $20.47 and a 1 year high of $59.75. The business has a fifty day simple moving average of $50.85 and a two-hundred day simple moving average of $39.67.

Read Our Latest Research Report on FRO

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.

Viking stock traded up $1.43 during trading hours on Friday, reaching $87.59. The stock had a trading volume of 2,635,062 shares, compared to its average volume of 3,465,210. Viking has a 52 week low of $56.67 and a 52 week high of $110.09. The business’s 50 day moving average price is $84.08 and its 200-day moving average price is $85.47. The company has a debt-to-equity ratio of 3.61, a current ratio of 0.81 and a quick ratio of 0.79. The company has a market cap of $39.04 billion, a price-to-earnings ratio of 29.10, a PEG ratio of 1.06 and a beta of 1.39.

Read Our Latest Research Report on VIK

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.

NASDAQ:GLNG traded up $0.50 during mid-day trading on Friday, hitting $43.07. 1,634,744 shares of the company’s stock traded hands, compared to its average volume of 1,566,626. The company has a fifty day moving average of $48.42 and a 200 day moving average of $49.41. The company has a market capitalization of $4.36 billion, a P/E ratio of 26.92 and a beta of 0.15. The company has a debt-to-equity ratio of 1.11, a quick ratio of 2.34 and a current ratio of 2.34. Golar LNG has a twelve month low of $35.02 and a twelve month high of $57.79.

Read Our Latest Research Report on GLNG

Okeanis Eco Tankers (ECO)

ECO traded up $1.84 on Friday, reaching $83.02. 772,660 shares of the stock were exchanged, compared to its average volume of 971,820. The company’s 50-day moving average price is $84.64 and its 200 day moving average price is $60.04. Okeanis Eco Tankers has a fifty-two week low of $31.75 and a fifty-two week high of $102.56. The company has a debt-to-equity ratio of 0.76, a current ratio of 4.43 and a quick ratio of 4.13. The firm has a market capitalization of $3.24 billion, a PE ratio of 7.74 and a beta of -0.32.

Read Our Latest Research Report on ECO

Scorpio Tankers (STNG)

Scorpio Tankers Inc., together with its subsidiaries, engages in the seaborne transportation of crude oi and refined petroleum products in the shipping markets worldwide. As of March 21, 2024, its fleet consisted of 110 owned and leases financed tanker, including 39 LR2, 57 MR, and 14 Handymax with a weighted average age of approximately 8.1 years.

Shares of STNG stock traded up $0.10 during mid-day trading on Friday, reaching $80.84. The stock had a trading volume of 674,867 shares, compared to its average volume of 1,192,533. The company has a current ratio of 20.65, a quick ratio of 20.59 and a debt-to-equity ratio of 0.14. Scorpio Tankers has a 1-year low of $48.93 and a 1-year high of $95.60. The firm has a market cap of $4.08 billion, a price-to-earnings ratio of 4.28, a PEG ratio of 1.65 and a beta of -0.10. The business’s fifty day moving average is $84.38 and its 200-day moving average is $77.43.

Read Our Latest Research Report on STNG

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