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Top Shipping Stocks To Follow Today - November 4th

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

Key Points

  • Viking, Frontline and Okeanis Eco Tankers were identified as shipping stocks to watch based on recent dollar trading volume. Shipping shares can be volatile, with performance affected by freight rates, global trade, fuel costs and fleet capacity.
  • Trading was mixed: Viking rose $4.38 to $90.22, while Frontline fell $4.80 to $47.65 and Okeanis Eco Tankers dropped $8.45 to $84.81.
  • Frontline and Okeanis Eco Tankers had reported price-to-earnings ratios of 7.18 and 7.95, respectively, compared with 30.01 for Viking.
  • MarketBeat previews top five stocks to own in December.

Viking, Frontline, and Okeanis Eco Tankers are the three Shipping stocks to watch today, according to MarketBeat's stock screener tool. Shipping stocks are shares of publicly traded companies that own, operate, or provide services to commercial vessels transporting goods, oil, gas, or passengers. Their performance is often influenced by freight rates, global trade, fuel costs, fleet capacity, and economic cycles, making them potentially volatile investments. 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.

Viking stock traded up $4.38 during mid-day trading on Wednesday, hitting $90.22. The company's stock had a trading volume of 3,993,438 shares, compared to its average volume of 3,095,960. Viking has a twelve month low of $56.37 and a twelve month high of $110.09. The stock has a market capitalization of $40.21 billion, a P/E ratio of 30.01, a P/E/G ratio of 1.05 and a beta of 1.39. The company has a quick ratio of 0.79, a current ratio of 0.81 and a debt-to-equity ratio of 3.61. The stock's fifty day moving average price is $84.23 and its two-hundred day moving average price is $85.19.

Read Our Latest Research Report on VIK

Frontline (FRO)

Frontline stock traded down $4.80 during midday trading on Wednesday, reaching $47.65. The stock had a trading volume of 4,083,336 shares, compared to its average volume of 3,409,864. Frontline has a twelve month low of $20.47 and a twelve month high of $59.75. The company has a debt-to-equity ratio of 0.69, a current ratio of 1.87 and a quick ratio of 1.87. The firm has a market cap of $10.61 billion, a price-to-earnings ratio of 7.18 and a beta of 0.19. The firm's fifty day simple moving average is $50.65 and its two-hundred day simple moving average is $39.37.

Read Our Latest Research Report on FRO

Okeanis Eco Tankers (ECO)

NYSE:ECO traded down $8.45 during trading hours on Wednesday, hitting $84.81. 931,206 shares of the stock traded hands, compared to its average volume of 564,876. The firm has a 50 day moving average price of $83.53 and a 200 day moving average price of $59.38. The firm has a market cap of $3.31 billion, a price-to-earnings ratio of 7.95 and a beta of -0.32. 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 current ratio of 4.43, a quick ratio of 4.13 and a debt-to-equity ratio of 0.76.

Read Our Latest Research Report on ECO

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