Research Reports on Shipping Equities — DryShips, Scorpio Tankers, Teekay Tankers, and Diana Shipping

NEW YORK, May 22, 2017 /PRNewswire/ —

Today, Stock-Callers.com directs attention to DryShips Inc. (NASDAQ: DRYS), Scorpio Tankers Inc. (NYSE: STNG), Teekay Tankers Ltd (NYSE: TNK), and Diana Shipping Inc. (NYSE: DSX). According to Moody’s Japan K.K., the outlook for the global Shipping industry is stable, given that – after excluding M&As and spinoffs – the aggregate EBITDA of rated shipping companies will remain at similar levels in 2017 as last year. Learn more about these stocks by accessing their free research reports at: http://stock-callers.com/registration


DryShips  

Shares in Athens, Greece-based DryShips Inc. ended Friday’s session 5.88% lower at $4.00 with a total trading volume of 2.50 million shares. The stock has advanced 136.69% in the last month. The Company’s shares are trading 124.15% above their 50-day moving average. Moreover, shares of DryShips, which owns and operates ocean going cargo vessels worldwide, have a Relative Strength Index (RSI) of 64.77.

On May 17th, 2017, DryShips announced that it has taken delivery of the previously announced 81,129-deadweight tons Kamsarmax drybulk carrier built in 2014. The vessel will be employed in the spot market. Since the beginning of this year, the Company has taken delivery of five vessels, and expects to take delivery of twelve more by the end of the year. Free research report on DRYS is available at: http://stock-callers.com/registration/?symbol=DRYS

Scorpio Tankers  

Monaco-based Scorpio Tankers Inc.’s shares rose 2.48%, closing the day at $4.13. A total volume of 1.96 million shares was traded. The stock has advanced 1.71% in the last month. The Company’s shares are trading 2.32% below their 50-day moving average. Additionally, shares of Scorpio Tankers, which together with its subsidiaries, engages in the seaborne transportation of refined petroleum products worldwide, have an RSI of 47.96.

On May 08th, 2017, Scorpio Tankers announced that it has reached an agreement with an unrelated third party to sell two of its 2013 built MR product tankers – STI Sapphire and STI Emerald – for approximately $56.4 million in aggregate. The sales are expected to close in June 2017, at which time the Company will repay the outstanding secured debt for these vessels of $27.6 million in aggregate.

On May 12th, 2017, research firm Bank of America/ Merrill upgraded the Company’s stock rating from ‘Underperform’ to ‘Buy’. The complimentary research report on STNG can be downloaded at: http://stock-callers.com/registration/?symbol=STNG

Teekay Tankers  

Last Friday, shares in Hamilton, Bermuda-based Teekay Tankers Ltd closed the session flat at $1.93. The stock recorded a trading volume of 928,856 shares. The Company’s shares are trading 6.40% below their 50-day moving average. Furthermore, shares of Teekay Tankers, which engages in the marine transportation of crude oil and refined petroleum products through the operation of its oil and product tankers worldwide, have an RSI of 36.77.

On May 17th, 2017, Teekay Tankers announced that its Board of Directors has declared a cash dividend of $0.03 per share for the quarter ended March 31st, 2017, representing the minimum quarterly dividend. The cash dividend is payable on June 02nd, 2017 to all shareholders of record as of May 29th, 2017. Visit us today and access our complete research report on TNK at: http://stock-callers.com/registration/?symbol=TNK

Diana Shipping  

Athens, Greece-based Diana Shipping Inc.’s stock finished the session 3.61% higher at $3.73 with a total trading volume of 1.09 million shares. The Company’s shares have advanced 23.51% on YTD basis. The stock is trading above its 200-day moving average by 8.43%. Additionally, shares of Diana Shipping, which provides shipping transportation services, have an RSI of 41.61.

On May 15th, 2017, Diana Shipping announced that at its Annual Meeting of Shareholders held last May 11th, 2017 in Zurich, Switzerland, the following was approved and adopted: the election of Apostolos Kontoyannis, Semiramis Paliou, and Konstantinos Fotiadis as Class III Directors, to serve until the Company’s 2020 Annual Meeting of Shareholders; and the appointment of Ernst & Young (Hellas) Certified Auditors Accountants S.A. as the Company’s independent auditors for the fiscal year ending December 31st, 2017. Get free access to your research report on DSX at:  http://stock-callers.com/registration/?symbol=DSX

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