This Morning's Technical Outlook on Shipping Stocks -- Gener8 Maritime, Globus Maritime, Navios Maritime Partners, and Golar LNG
NEW YORK, March 20, 2018 /PRNewswire/ -- WallStEquities.com strives to bring the best free research to the investment community. Today we are offering reports on GNRT, GLBS, NMM, and GLNG which can be accessed for free by signing up to www.wallstequities.com/registration. Today, WallStEquities.com covers the Shipping space, which is interlinked with the state of the global economy. The industry is complex and notoriously volatile in nature and is highly dependent on trade flows across the globe. Stocks under evaluation this morning are: Gener8 Maritime Inc. (NYSE: GNRT), Globus Maritime Ltd (NASDAQ: GLBS), Navios Maritime Partners L.P. (NYSE: NMM), and Golar LNG Ltd (NASDAQ: GLNG). All you have to do is sign up today for this free limited time offer by clicking the link below.
www.wallstequities.com/registration
Gener8 Maritime
New York-based Gener8 Maritime Inc.'s shares declined 1.02%, closing Monday's trading session at $5.85. The stock recorded a trading volume of 232,744 shares. The Company's shares have advanced 2.09% in the last month, 38.30% over the previous three months, and 4.65% over the past year. The stock is trading 12.13% above its 200-day moving average. Additionally, shares of Gener8 Maritime, which engages in the transportation of international seaborne crude oil and petroleum products, have a Relative Strength Index (RSI) of 47.99.
On March 14th, 2018, Gener8 Maritime announced its financial results for the three months and twelve months ended December 31st, 2017. For Q4 2017, net loss was $(45.4) million, and adjusted EBITDA was $25.0 million. For the full year 2017, net loss was $(168.5) million, and adjusted EBITDA was $165.2 million. As of December 31st, 2017, there were 83,267,426 shares of the Company's common stock outstanding. Get the full research report on GNRT for free by clicking below at:
www.wallstequities.com/registration/?symbol=GNRT
Globus Maritime
On Monday, shares in Athens, Greece-based Globus Maritime Ltd recorded a trading volume of 419,336 shares. The stock plummeted 7.50%, ending the day at $0.93. The Company's shares are trading below their 200-day moving average by 15.36%. Furthermore, shares of Globus Maritime, which provides marine transportation services worldwide, have an RSI of 34.82.
On March 09th, 2018, Globus Maritime announced that the Company's annual report on Form 20-F that contains its audited financial statements for the fiscal year ended December 31st, 2017 was filed that day with the Securities and Exchange Commission. The annual report may be found under Investor Relations section of the Company's website. GLBS's complimentary research coverage is a few simple steps away at:
www.wallstequities.com/registration/?symbol=GLBS
Navios Maritime Partners
Monaco-based Navios Maritime Partners L.P.'s stock finished the day 3.96% lower at $1.94 with a total trading volume of 733,342 shares. The stock is trading below their 200-day moving average by 2.72%. Shares of the Company, which owns and operates container and dry bulk vessels in Asia, Europe, North America, and Australia, have an RSI of 38.65.
On March 12th, 2018, Navios Maritime Partners announced that its Board of Directors has adopted a distribution policy of $0.08 per common unit annually. The Company also announced that it agreed to acquire a 2005-built Panamax Vessel for $12.95 million, with delivery expected in March 2018. Register for your free research report on NMM at:
www.wallstequities.com/registration/?symbol=NMM
Golar LNG
Shares in Hamilton, Bermuda headquartered Golar LNG Ltd ended yesterday's session 3.12% lower at $27.68. The stock recorded a trading volume of 1.58 million shares, which was above its three months average volume of 1.20 million shares. The Company's shares have advanced 4.45% over the previous three months and 1.69% over the past year. The stock is trading 13.96% above its 200-day moving average. Moreover, shares of Golar, which engages in the transportation, regasification, liquefaction, and trading of LNG, have an RSI of 45.94.
On February 28th, 2018, Golar has declared a total dividend of $0.05 per share, to be paid on or about April 04th, 2018. The record date is March 14th, 2018. Wall St. Equities' downloadable research report on GLNG available at:
www.wallstequities.com/registration/?symbol=GLNG
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