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 October 2013 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

Finance

Port City Plans for New Cargo Taxes Angers Kenya Govt, Shippers

Proposals by a local authority to impose new taxes on cargo at Kenya's main port has drawn opposition from the government and shippers, saying it will hike import

Odfjell Finalizes LPG/Ethylene Joint Venture Deal

Following Odfjell SE’s May 16, 2014 announcement declaring the signing of a definitive agreement to form a LPG/E shipping joint venture, Odfjell today announced

Norvestor to Become PG’s Largest Shareholder

Norvestor VI, L.P., a fund advised by Norvestor Equity AS, announced it has signed an agreement to invest in Ing Per Gjerdrum AS including its subsidiaries PG Hydraulics AS and PG Construction AS.

 
 
Maritime Careers / Shipboard Positions Maritime Standards Naval Architecture Offshore Oil Pipelines Port Authority Salvage Ship Electronics Sonar Winch
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: 0.1119 sec (9 req/sec)