Torm (NASDAQ:TRMD – Get Free Report) will likely be releasing its Q2 2026 results before the market opens on Wednesday, August 26th. Analysts expect Torm to announce earnings of $3.33 per share and revenue of $499.8130 million for the quarter. Interested persons can check the company’s upcoming Q2 2026 earning report page for the latest details on the call scheduled for Wednesday, August 26, 2026 at 9:00 AM ET.
Torm Trading Down 0.5%
Shares of TRMD stock opened at $31.64 on Tuesday. The business has a 50-day moving average of $29.23 and a 200 day moving average of $29.08. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.40 and a quick ratio of 1.20. Torm has a 1-year low of $19.30 and a 1-year high of $35.33. The stock has a market capitalization of $3.23 billion, a PE ratio of 9.31 and a beta of 0.09.
Analysts Set New Price Targets
Several analysts have weighed in on TRMD shares. Weiss Ratings reiterated a “hold (c)” rating on shares of Torm in a research report on Wednesday, July 15th. Evercore reissued an “outperform” rating and set a $37.00 price target on shares of Torm in a research report on Wednesday, July 22nd. Pareto Securities lowered shares of Torm from a “hold” rating to a “hold” rating in a report on Wednesday, May 13th. Finally, Wall Street Zen lowered shares of Torm from a “strong-buy” rating to a “buy” rating in a report on Sunday, August 9th. One research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $37.00.
Institutional Trading of Torm
A number of institutional investors and hedge funds have recently added to or reduced their stakes in TRMD. Brevan Howard Capital Management LP purchased a new stake in Torm in the second quarter worth about $7,523,000. Barclays PLC grew its holdings in shares of Torm by 613.2% during the 3rd quarter. Barclays PLC now owns 206,508 shares of the company’s stock worth $4,258,000 after acquiring an additional 177,551 shares during the period. Millennium Management LLC grew its holdings in shares of Torm by 119.5% during the 4th quarter. Millennium Management LLC now owns 252,811 shares of the company’s stock worth $4,950,000 after acquiring an additional 137,648 shares during the period. Voloridge Investment Management LLC raised its position in shares of Torm by 1,134.7% in the 4th quarter. Voloridge Investment Management LLC now owns 128,792 shares of the company’s stock worth $2,522,000 after acquiring an additional 118,361 shares in the last quarter. Finally, Moore Capital Management LP bought a new position in shares of Torm in the 3rd quarter worth approximately $2,307,000. Hedge funds and other institutional investors own 73.89% of the company’s stock.
About Torm
Torm A/S (NASDAQ: TRMD) is an international shipping company specializing in the transportation of refined petroleum products. The firm owns and operates a modern fleet of product tankers, including both Handysize and MR vessels, which are designed to carry a broad range of clean petroleum cargoes such as gasoline, jet fuel and diesel. Torm’s core business revolves around voyage and time-charter contracts with major oil companies, trading houses and other energy sector clients around the world.
The company’s fleet is deployed on global trade routes, with particular focus on major refining and consumption regions in Europe, North America and Asia.
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