NEW YORK, August 5, 2016 /PRNewswire/ --
After having weathered the storm in 2015, the global Shipping industry is once again in the doldrums due to challenging market conditions, weak commodities demand, and oversupply of ships. Stock-Callers.com assesses the following equities to see what investors make of them: Teekay Offshore Partners L.P. (NYSE: TOO), Euronav N.V. (NYSE: EURN), Tsakos Energy Navigation Ltd (NYSE: TNP), and Navios Maritime Acquisition Corp. (NYSE: NNA). Register now and get full and free access to our downloadable research reports on these stocks at:
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Teekay Offshore Partners
Shares in Hamilton, Bermuda headquartered Teekay Offshore Partners L.P. ended Thursday's session at $5.19, which was a drop of 1.52%. The stock recorded a trading volume of 547,554 shares. The Company's shares are trading 6.45% below their 50-day moving average. Moreover, shares of Teekay Offshore Partners, which provides marine transportation, oil production, storage, long-distance towing, offshore installation and maintenance, and safety services to the offshore oil industry in the North Sea and Brazil, have a Relative Strength Index (RSI) of 43.33.
On August 04th, 2016, Teekay Offshore Partners reported GAAP net loss attributable to the partners and preferred unit-holders of $102.6 million and adjusted net income attributable to the partners and preferred unit-holders of $23.6 million for Q2 2016.The company generated distributable cash flow of $45.9 million, or $0.42 per common unit, in Q2 2016. Access our complete research report on TOO for free at:
http://stock-callers.com/registration/?symbol=TOO
Euronav
Antwerp, Belgium headquartered Euronav N.V.'s stock rose 1.17%, closing the day at $8.62 with a total volume of 348,287 shares traded. Shares of the Company, which owns, operates, and manages a fleet of vessels for the transportation and storage of crude oil and petroleum products, are trading 7.66% below their 50-day moving average. The stock has an RSI of 39.52.
On July 28th, 2016, Euronav reported preliminary second quarter & half year results 2016. The company generated revenue of $189,575 in Q2 2016 as compared to revenue of $214,875 in Q1 2016. The company, on a preliminary basis, announced profit of $40,148 in Q2 2016 as compared to profit of $113,542 in Q1 2016. The complimentary research report on EURN can be downloaded at:
http://stock-callers.com/registration/?symbol=EURN
Tsakos Energy Navigation
On Thursday, shares in Athens, Greece-based Tsakos Energy Navigation Ltd recorded a trading volume of 574,767 shares. The stock ended the day 1.46% lower at $4.72. The Company's shares are trading below their 50-day moving average by 10.79%. Furthermore, shares of Tsakos Energy Navigation, which provides international seaborne crude oil and petroleum product transportation services worldwide, have an RSI of 37.38.
On July 14th, 2016, Tsakos Energy announced that its Board of Directors has authorized the Company to extend its stock repurchase program by an additional $20 million for purchases of its common and/or its preferred shares as the first $20 million program announced in December 2015 has been completed. In that program, the Company acquired as treasury stock 3,580,286 common shares at an average price of $5.59 per share. Register for free on Stock-Callers.com and get access to the latest PDF format report on TNP at:
http://stock-callers.com/registration/?symbol=TNP
Navios Maritime Acquisition
Monte Carlo, Monaco-based Navios Maritime Acquisition Corp.'s stock saw a decline of 2.68%, finishing yesterday's session at $1.45. A total volume of 1.14 million shares was traded, which was above their three months average volume of 536,920 shares. The Company's shares are trading below their 50-day moving average by 12.26%. Additionally, shares of Navios Maritime Acquisition, which provides marine transportation services worldwide, have an RSI of 34.96. Download your free research report on NNA at:
http://stock-callers.com/registration/?symbol=NNA
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