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Promising Shipping Stocks To Add to Your Watchlist - November 12th

Viking logo with Consumer Discretionary background
Image from MarketBeat Media, LLC.

Key Points

  • MarketBeat identified seven shipping-related stocks to watch based on recent high dollar trading volume: Viking, Frontline, Okeanis Eco Tankers, Almonty Industries, ZIM Integrated Shipping Services, Star Bulk Carriers, and Golar LNG.
  • Thursday’s trading was mixed: Frontline, Okeanis Eco Tankers, ZIM, Star Bulk, and Golar LNG rose, while Viking and Almonty Industries fell.
  • The companies span passenger transport, oil and container shipping, dry-bulk cargo, tungsten production, and LNG infrastructure, giving the watchlist exposure to different businesses and market drivers.
  • MarketBeat previews the top five stocks to own by December 1st.

Viking, Frontline, Okeanis Eco Tankers, Almonty Industries, ZIM Integrated Shipping Services, Star Bulk Carriers, and Golar LNG are the seven Shipping stocks to watch today, according to MarketBeat's stock screener tool. Shipping stocks are shares of publicly traded companies that transport goods by sea, such as container-shipping lines, tanker operators, and dry-bulk carriers. Their performance can be affected by freight rates, fuel costs, global trade demand, and the supply of available vessels. These companies had the highest dollar trading volume of any Shipping stocks within the last several days.

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.

VIK traded down $1.69 during midday trading on Thursday, hitting $88.37. The stock had a trading volume of 2,849,151 shares, compared to its average volume of 3,127,616. The company has a market cap of $39.38 billion, a P/E ratio of 29.28, a price-to-earnings-growth ratio of 1.06 and a beta of 1.39. The business has a fifty day moving average of $84.19 and a 200 day moving average of $85.76. The company has a debt-to-equity ratio of 3.61, a quick ratio of 0.79 and a current ratio of 0.81. Viking has a 1 year low of $56.67 and a 1 year high of $110.09.

Read Our Latest Research Report on VIK

Frontline (FRO)

Shares of Frontline stock traded up $1.10 during trading on Thursday, reaching $46.64. The company's stock had a trading volume of 1,877,312 shares, compared to its average volume of 3,461,201. Frontline has a 52-week low of $20.47 and a 52-week high of $59.75. The company has a market cap of $10.38 billion, a price-to-earnings ratio of 7.00 and a beta of 0.19. The firm's 50-day moving average is $50.88 and its two-hundred day moving average is $39.95. The company has a quick ratio of 1.87, a current ratio of 1.87 and a debt-to-equity ratio of 0.69.

Read Our Latest Research Report on FRO

Okeanis Eco Tankers (ECO)

Shares of ECO stock traded up $1.46 on Thursday, hitting $87.21. 909,201 shares of the company's stock traded hands, compared to its average volume of 579,741. The stock has a market capitalization of $3.40 billion, a price-to-earnings ratio of 8.14 and a beta of -0.32. The company's fifty day simple moving average is $85.59 and its 200 day simple moving average is $60.72. Okeanis Eco Tankers has a one year low of $31.75 and a one year high of $102.56. The company has a debt-to-equity ratio of 0.76, a quick ratio of 4.13 and a current ratio of 4.43.

Read Our Latest Research Report on ECO

Almonty Industries (ALM)

Almonty Industries Inc. is a producer of tungsten concentrate. The Company is currently mining, processing and shipping tungsten concentrate from its Panasqueira Mine in Portugal. Almonty Industries Inc. is based in TORONTO.

NASDAQ ALM traded down $0.40 during trading on Thursday, hitting $7.76. 3,497,846 shares of the company's stock traded hands, compared to its average volume of 5,867,744. The stock has a fifty day moving average of $12.00 and a two-hundred day moving average of $15.67. The company has a debt-to-equity ratio of 1.37, a current ratio of 9.58 and a quick ratio of 9.51. Almonty Industries has a 12-month low of $5.43 and a 12-month high of $24.41. The firm has a market cap of $2.24 billion, a P/E ratio of 48.51 and a beta of 4.65.

Read Our Latest Research Report on ALM

ZIM Integrated Shipping Services (ZIM)

ZIM Integrated Shipping Services Ltd., together with its subsidiaries, provides container shipping and related services in Israel and internationally. It provides door-to-door and port-to-port transportation services for various types of customers, including end-users, consolidators, and freight forwarders.

Shares of NYSE:ZIM traded up $0.48 on Thursday, reaching $29.49. 848,662 shares of the company traded hands, compared to its average volume of 2,040,821. The stock has a market capitalization of $3.56 billion, a P/E ratio of 25.62 and a beta of 1.27. The business's 50-day simple moving average is $29.30 and its 200 day simple moving average is $26.69. The company has a current ratio of 1.24, a quick ratio of 1.15 and a debt-to-equity ratio of 1.09. ZIM Integrated Shipping Services has a 52 week low of $15.30 and a 52 week high of $30.98.

Read Our Latest Research Report on ZIM

Star Bulk Carriers (SBLK)

Star Bulk Carriers Corp., a shipping company, engages in the ocean transportation of dry bulk cargoes worldwide. Its vessels transport a range of bulk commodities, including iron ores, minerals and grains, bauxite, fertilizers, and steel products. As of December 31, 2023, the company owned a fleet of 116 dry bulk vessels with combined carrying capacity of 13.1 million deadweight tonnage (dwt) consisting of Newcastlemax, Capesize, Post Panamax, Kamsarmax, Panamax, Ultramax, and Supramax vessels with carrying capacities between 53,489 dwt and 209,537 dwt.

Shares of NASDAQ SBLK traded up $0.28 during midday trading on Thursday, reaching $28.29. The company had a trading volume of 665,382 shares, compared to its average volume of 1,453,602. Star Bulk Carriers has a one year low of $17.85 and a one year high of $32.88. The company has a quick ratio of 1.74, a current ratio of 1.91 and a debt-to-equity ratio of 0.32. The firm's fifty day moving average price is $29.55 and its 200-day moving average price is $26.74. The stock has a market cap of $3.21 billion, a PE ratio of 11.10, a price-to-earnings-growth ratio of 0.11 and a beta of 0.85.

Read Our Latest Research Report on SBLK

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.

GLNG traded up $0.24 on Thursday, hitting $43.06. 429,459 shares of the company were exchanged, compared to its average volume of 1,550,177. The firm has a fifty day simple moving average of $47.94 and a two-hundred day simple moving average of $49.45. 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 12 month low of $35.02 and a 12 month high of $57.79. The stock has a market capitalization of $4.36 billion, a PE ratio of 26.92 and a beta of 0.15.

Read Our Latest Research Report on GLNG

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