OceanPal Inc. (NASDAQ:OP – Get Free Report)’s stock price was up 1.4% during mid-day trading on Thursday . The stock traded as high as $8.41 and last traded at $8.15. 3,026 shares traded hands during trading, a decline of 100% from the average daily volume of 12,412,086 shares. The stock had previously closed at $8.04.
OceanPal Stock Performance
The company has a fifty day simple moving average of $9.14 and a 200 day simple moving average of $11.80. The stock has a market capitalization of $54.57 million, a price-to-earnings ratio of -0.12 and a beta of 1.16.
Institutional Trading of OceanPal
A hedge fund recently bought a new position in OceanPal stock. Citadel Advisors LLC purchased a new position in shares of OceanPal Inc. (NASDAQ:OP – Free Report) in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The firm purchased 22,841 shares of the company’s stock, valued at approximately $28,000. Citadel Advisors LLC owned about 0.34% of OceanPal as of its most recent filing with the SEC.
OceanPal Company Profile
OceanPal Inc (NASDAQ: OP) is a Bermuda‐incorporated shipping company focused on the ownership and operation of modern crude oil tankers on a long‐term time charter basis. The company’s fleet includes both very large crude carriers (VLCCs) and Suezmax vessels, constructed at leading shipyards and maintained to high technical and safety standards. By securing multi‐year charter agreements with major oil producers and trading houses, OceanPal aims to generate stable revenue streams and enhance predictability of cash flows.
The origins of OceanPal trace back to General Maritime Corp., which was established in 2005 and listed on the NASDAQ.
Featured Stories
- Five stocks we like better than OceanPal
- Why Abbott Laboratories Stock Is Suddenly Winning Back Wall Street
- Revving Up Returns: Big Banks Race Through the Rate Plateau
- Why Uber’s Biggest Deal Yet Could Unlock Its Next Growth Phase
- Why Microsoft Is Playing a Different AI Game Than Big Tech—and Cash Flow Is the Test
Receive News & Ratings for OceanPal Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for OceanPal and related companies with MarketBeat.com's FREE daily email newsletter.
