How These Shipping Stocks are Faring? -- Frontline, Kirby, Diana Shipping, and Top Ships

NEW YORK, November 22, 2016 /PRNewswire/ --

Stock-Callers.com draws attention back to the global Shipping industry which is now making a very slow recovery due to the increasing demand for basic resources, the decommissioning of older ships, and improved economic conditions in Asia and emerging markets. Lined up for review are the following four equities: Frontline Ltd (NYSE: FRO), Kirby Corp. (NYSE: KEX), Diana Shipping Inc. (NYSE: DSX), and Top Ships Inc. (NASDAQ: TOPS). Register now and get full and free access to our downloadable research reports on these stocks at: http://stock-callers.com/registration

Frontline  

Hamilton, Bermuda-based Frontline Ltd's stock finished Monday's session 1.84% higher at $7.75 with a total trading volume of 1.07 million shares. The Company's shares have advanced 0.52% in the past month. The stock is trading above its 50-day and 200-day moving averages by 5.45% and 0.67%, respectively. Furthermore, shares of Frontline, which engages in the seaborne transportation of crude oil and oil products worldwide, have a Relative Strength Index (RSI) of 59.62.

On October 14^th, 2016, Frontline announced that it has entered into an agreement with STX Offshore & Shipbuilding Co., Ltd. ("STX") to terminate contracts for four VLCC new buildings due for delivery in 2017. The contracted price of these vessels was $364.3 million, of which the company has made installment payments of $45.5 million. Following the contract terminations, the Company has been released of any and all obligations relating to the contracts, and received all installment payments made to STX, less a $0.5 million cancellation fee per vessel. Access our complete research report on FRO for free at: http://stock-callers.com/registration/?symbol=FRO

Kirby  

On Monday, shares in Houston, Texas headquartered Kirby Corp. ended the session at $64.55, up 1.57%. The stock recorded a trading volume of 419,306 shares. The Company's shares have gained 7.30% in the last one month, 16.54% in the previous three months, and 22.67% since the start of this year. The stock is trading 7.66% above its 50-day moving average and 6.45% above its 200-day moving average. Moreover, shares of Kirby, which operates domestic tank barges and transports bulk liquid products, have an RSI of 59.44.

On October 26^th, 2016, Kirby announced net earnings attributed to Kirby for Q3 2016 of $32.0 million, or $0.59 per share, compared to $56.8 million, or $1.04 per share, for Q3 2015. Consolidated revenues for the reported quarter were $434.7 million compared to $532.6 million reported for Q3 2015. EBITDA of $336.1 million for 2016's first nine months contributed to Kirby's cash flow from operations during 2016's first nine months, which compared to EBITDA of $437.5 million for 2015's first nine months.

On November 10^th, 2016, research firm Seaport Global Securities initiated a 'Neutral' rating on the Company's stock, issuing a target price of $55 per share. The complimentary research report on KEX can be downloaded at: http://stock-callers.com/registration/?symbol=KEX

Diana Shipping  

Athens, Greece-based Diana Shipping Inc.'s stock ended yesterday's session 2.02% lower at $3.40. A total volume of 756,352 shares was traded, which was above their three months average volume of 683,960 shares. The Company's shares have advanced 35.46% in the past month and 43.46% over the previous three months. The stock is trading 23.44% and 28.61% above its 50-day and 200-day moving averages, respectively. Additionally, shares of Diana Shipping, which provides shipping transportation services, have an RSI of 58.85.

On November 17^th, 2016, Diana Shipping reported a net loss of $78.3 million and net loss attributed to common stockholders of $79.8 million for Q3 2016, of which $50.0 million was related to loss and impairment of the company's investment in Diana Containerships Inc. This compares to a net loss of $17.4 million and a net loss attributed to common stockholders of $18.8 million for Q3 2015. The company's Time charter revenues were $27.1 million for Q3 2016 compared to $38.9 million for the same quarter of 2015. Register for free on Stock-Callers.com and get access to the latest PDF format report on DSX at: http://stock-callers.com/registration/?symbol=DSX

Top Ships  

At the close on Monday, shares in Maroussi, Greece-based Top Ships Inc. recorded a trading volume of 800,001 shares. The stock finished 14.77% lower at $3.29. The Company's shares have gained 17.08% in the last one month and 2.81% on an YTD basis. The stock is trading above its 50-day and 200-day moving averages by 3.69% and 15.56%, respectively. Furthermore, shares of Top Ships, which provides seaborne transportation services worldwide, have an RSI of 49.92. Download your free research report on TOPS at: http://stock-callers.com/registration/?symbol=TOPS

--

Stock Callers: 

Stock Callers (SC) produces regular sponsored and non-sponsored reports, articles, stock market blogs, and popular investment newsletters covering equities listed on NYSE and NASDAQ and micro-cap stocks. SC has two distinct and independent departments. One department produces non-sponsored analyst certified content generally in the form of press releases, articles and reports covering equities listed on NYSE and NASDAQ and the other produces sponsored content (in most cases not reviewed by a registered analyst), which typically consists of compensated investment newsletters, articles and reports covering listed stocks and micro-caps. Such sponsored content is outside the scope of procedures detailed below. 

SC has not been compensated; directly or indirectly; for producing or publishing this document. 

PRESS RELEASE PROCEDURES:

The non-sponsored content contained herein has been prepared by a writer (the "Author") and is fact checked and reviewed by a third party research service company (the "Reviewer") represented by a credentialed financial analyst [for further information on analyst credentials, please email info@stock-callers.com. Rohit Tuli, a CFA® charterholder (the "Sponsor"), provides necessary guidance in preparing the document templates. The Reviewer has reviewed and revised the content, as necessary, based on publicly available information which is believed to be reliable. Content is researched, written and reviewed on a reasonable-effort basis. The Reviewer has not performed any independent investigations or forensic audits to validate the information herein. The Reviewer has only independently reviewed the information provided by the Author according to the procedures outlined by SC. SC is not entitled to veto or interfere in the application of such procedures by the third-party research service company to the articles, documents or reports, as the case may be. Unless otherwise noted, any content outside of this document has no association with the Author or the Reviewer in any way.  

NO WARRANTY 

SC, the Author, and the Reviewer are not responsible for any error which may be occasioned at the time of printing of this document or any error, mistake or shortcoming. No liability is accepted whatsoever for any direct, indirect or consequential loss arising from the use of this document. SC, the Author, and the Reviewer expressly disclaim any fiduciary responsibility or liability for any consequences, financial or otherwise arising from any reliance placed on the information in this document. Additionally, SC, the Author, and the Reviewer do not (1) guarantee the accuracy, timeliness, completeness or correct sequencing of the information, or (2) warrant any results from use of the information. The included information is subject to change without notice. 

NOT AN OFFERING 

This document is not intended as an offering, recommendation, or a solicitation of an offer to buy or sell the securities mentioned or discussed, and is to be used for informational purposes only. Please read all associated disclosures and disclaimers in full before investing. Neither SC nor any party affiliated with us is a registered investment adviser or broker-dealer with any agency or in any jurisdiction whatsoever. To download our report(s), read our disclosures, or for more information, visit http://stock-callers.com/legal-disclaimer/

CONTACT
For any questions, inquiries, or comments reach out to us directly. If you're a company we are covering and wish to no longer feature on our coverage list contact us via email and/or phone between 09:30 EDT to 16:00 EDT from Monday to Friday at:
Email: info@stock-callers.com
Phone number:  +44 330 808 3765
Office Address: Clyde Offices, Second Floor, 48 West George Street, Glasgow, U.K. -G2 1BP

CFA® and Chartered Financial Analyst® are registered trademarks owned by CFA Institute.

SOURCE Chelmsford Park SA