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Promising Shipping Stocks Worth Watching - July 24th

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

Key Points

  • MarketBeat flagged seven shipping-related stocks as worth watching on July 24, led by Viking, Star Bulk Carriers, Frontline, Golar LNG, Almonty Industries, Okeanis Eco Tankers, and Scorpio Tankers based on recent dollar trading volume.
  • Viking (VIK) stands out as a passenger shipping and tourism operator with a large fleet of river, ocean, and expedition ships, and it has recently been highlighted as reaching all-time highs with fundamentals suggesting further upside.
  • The group spans different shipping niches, including dry bulk cargo, LNG infrastructure, crude and refined oil tankers, and tungsten concentrate shipping, showing that the sector’s performance is tied to a wide range of global trade and commodity trends.
  • Interested in Viking? Here are five stocks we like better.

Viking, Star Bulk Carriers, Frontline, Golar LNG, Almonty Industries, Okeanis Eco Tankers, and Scorpio Tankers are the seven Shipping stocks to watch today, according to MarketBeat's stock screener tool. Shipping stocks are shares of publicly traded companies involved in transporting goods or passengers by sea, including container lines, tanker operators, and dry-bulk carriers. Their performance can be influenced by global trade, shipping rates, fuel costs, fleet capacity, and economic conditions. 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.

Read Our Latest Research Report on VIK

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.

Read Our Latest Research Report on SBLK

Frontline (FRO)

Read Our Latest Research Report on FRO

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.

Read Our Latest Research Report on GLNG

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.

Read Our Latest Research Report on ALM

Okeanis Eco Tankers (ECO)

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.

Read Our Latest Research Report on STNG

See Also

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

Should You Invest $1,000 in Viking Right Now?

Before you consider Viking, you'll want to hear this.

MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Viking wasn't on the list.

While Viking currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.

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