OSG Raised To “Buy”

Wednesday, February 16, 2000
ING Barings analyst Stephen Gengaro raised his rating of shipowner Overseas Shipholding Group Inc. to buy from hold and set a 12-month price target of $28 to $30. In a research note, he raised his 2000 earnings per share estimate to 75 cents from 20 cents and initiated a 2001 EPS estimate of $1.25. He is maintaining his 1999 EPS estimate at 14 cents. Gengaro maintains a bullish outlook for international tankers and believes the current tanker industry fundamentals are the strongest since the mid-1980s. He said New York-based OSG has realized surprisingly solid earnings in very weak market conditions and has yielded about $40 million in cost savings over the past year.
Maritime Reporter February 2015 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

Finance

Shipping Industry Faces Shake Up

As global shipping grapples with its worst downturn in 30 years, private equity firms are unwinding massive bets made on the sector in a move set to accelerate

Gulf of Mexico Oil Production on the Rise

Because of the long timelines associated with Gulf of Mexico (GOM) projects, the recent downturn in oil prices is expected to have minimal direct impact on GOM crude oil production through 2016.

Vessel Sales: February 2015

Vessel sales for February 2015  - (as of March 1) as prepared by Shipping Intelligence, Inc., New York.   Date Reported - Vessel Name - DWT - Built -  - (Age)

 
 
Maritime Careers / Shipboard Positions Maritime Standards Naval Architecture Navigation Pipelines Pod Propulsion Port Authority Ship Repair Ship Simulators Sonar
rss | archive | history | articles | privacy | terms and conditions | contributors | top maritime news | about us | copyright | maritime magazines
maritime security news | shipbuilding news | maritime industry | shipping news | maritime reporting | workboats news | ship design | maritime business

Time taken: 0.1360 sec (7 req/sec)