Tufton Oceanic Assets (SHIP) Stock Forecast, Price & News

Tufton Oceanic Assets' stock was trading at $0.4955 at the beginning of 2023. Since then, SHIP stock has increased by 973.7% and is now trading at $5.32.
View the best growth stocks for 2023 here.

The company is scheduled to release its next quarterly earnings announcement on Wednesday, November 29th 2023.
View our SHIP earnings forecast.

Tufton Oceanic Assets Limited (NASDAQ:SHIP) released its quarterly earnings data on Wednesday, August, 2nd. The shipping company reported $0.05 EPS for the quarter, beating analysts' consensus estimates of ($0.09) by $0.14. The shipping company earned $28.33 million during the quarter, compared to analysts' expectations of $26.39 million. Tufton Oceanic Assets had a trailing twelve-month return on equity of 2.78% and a net margin of 3.74%.

Tufton Oceanic Assets announced a quarterly dividend on Tuesday, August 1st. Investors of record on Friday, September 22nd will be paid a dividend of $0.025 per share on Friday, October 6th. This represents a $0.10 dividend on an annualized basis and a dividend yield of 1.88%. The ex-dividend date is Thursday, September 21st.
Read our dividend analysis for SHIP.

Tufton Oceanic Assets (NASDAQ:SHIP) pays an annual dividend of $0.10 per share and currently has a dividend yield of 1.84%. The dividend payout ratio is 43.48%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, SHIP will have a dividend payout ratio of 34.48% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for SHIP.

Tufton Oceanic Assets's stock reverse split before market open on Wednesday, March 20th 2019. The 1-15 reverse split was announced on Tuesday, February 26th 2019. The number of shares owned by shareholders was adjusted after the closing bell on Tuesday, March 19th 2019. An investor that had 100 shares of stock prior to the reverse split would have 7 shares after the split.

Based on aggregate information from My MarketBeat watchlists, some companies that other Tufton Oceanic Assets investors own include Gran Tierra Energy (GTE), Bionano Genomics (BNGO), Matinas BioPharma (MTNB), Pennsylvania Real Estate Investment Trust (PEI), Novan (NOVN), CNBX Pharmaceuticals (CNBX), Aeterna Zentaris (AEZS), CBL & Associates Properties (CBL), DHT (DHT) and ADMA Biologics (ADMA).

Tufton Oceanic Assets trades on the NASDAQ under the ticker symbol "SHIP."

Tufton Oceanic Assets' stock is owned by a number of retail and institutional investors. Top institutional shareholders include State Street Corp (0.16%), XTX Topco Ltd (0.11%), Cetera Advisors LLC (0.10%), Geode Capital Management LLC (0.07%), Citadel Advisors LLC (0.00%) and Simplex Trading LLC (0.00%).

Shares of SHIP stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.

One share of SHIP stock can currently be purchased for approximately $5.32.

Tufton Oceanic Assets (NASDAQ:SHIP) has a market capitalization of $96.77 million and generates $125.02 million in revenue each year. The shipping company earns $17.24 million in net income (profit) each year or $0.23 on an earnings per share basis.

Tufton Oceanic Assets' mailing address is 154 VOULIAGMENIS AVENUE GLYFADA, ATHENS J3, 16674. The official website for the company is www.seanergymaritime.com. The shipping company can be reached via phone at 302130181507, via email at seanergy@capitallink.com, or via fax at 210-963-8404.