June 29, 2018 - 7:35 AM EDT
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Free Pre-Market Technical Recap on Nordic American Tankers and Three Additional Shipping Stocks

Stock Research Monitor: GMLP, OSG, and TK

LONDON, UK / ACCESSWIRE / June 29, 2018 / If you want a free Stock Review on NAT sign up now at www.wallstequities.com/registration. This morning, WallStEquities.com renavigates the Shipping industry, which is the life blood of the global economy.The international shipping industry is responsible for the carriage of around 90% of world trade. Under evaluation today are the following four stocks: Golar LNG Partners L.P. (NASDAQ: GMLP), Nordic American Tankers Ltd (NYSE: NAT), Overseas Shipholding Group Inc. (NYSE: OSG), and Teekay Corp. (NYSE: TK). All you have to do is sign up today for this free limited time offer by clicking the link below.

www.wallstequities.com/registration

Golar LNG Partners

Hamilton, Bermuda headquartered Golar LNG Partners L.P.'s shares saw a decline of 2.31%, finishing Thursday's trading session at $15.22. A total volume of 160,247 shares was traded. The stock is trading below its 50-day moving average by 17.07%. Moreover, shares of the Company, which owns and operates floating storage regasification units and liquefied natural gas carriers under long-term charters in Brazil, Indonesia, Jordan, Kuwait, and the UAE, have a Relative Strength Index (RSI) of 31.21.

On June 01st, 2018, research firm Bank of America/ Merrill downgraded the Company's stock rating from 'Buy' to 'Underperform'.

On June 04th, 2018, Golar LNG Partners announced that the process to finalize the dropdown of its interest inFLNG Hilli Episeyohas commenced. This is following that day's announcement from Golar LNG Limited thatFLNG Hilli Episeyohas been fully accepted under its Liquefaction and Tolling Agreement with Perenco Cameroon S.A. and Societe Nationale Des Hydrocarbures, and is now in full commercial operation. Get the full research report on GMLP for free by clicking below at:

www.wallstequities.com/registration/?symbol=GMLP


Nordic American Tankers

On Thursday, shares in Hamilton, Bermuda-based Nordic American Tankers Ltd recorded a trading volume of 1.01 million shares. The stock ended the session flat at $2.62. The Company's shares have gained 11.97% in the last month and 35.05% over the previous three months. The stock is trading 17.00% above its 50-day moving average. Furthermore, shares of the Company, which acquires and charters double-hull tankers in Bermuda and internationally, have an RSI of 57.50.

On June 13th, 2017, Nordic American Tankers announced that one of its three Samsung suezmax newbuildings, which is scheduled for delivery in August 2018, has obtained a TC contract.The Company has entered into a three-year, fixed time charter contract with the first-class charterer, Equinor (formerly Statoil) of Norway. To experience our free membership services anytime/ anywhere and access the free report on NAT, click to register at:


www.wallstequities.com/registration/?symbol=NAT


Overseas Shipholding Group

Shares in Tampa, Florida headquartered Overseas Shipholding Group Inc. closed at $3.87, down 3.25% from the last trading session. The stock recorded a trading volume of 352,494 shares. The Company's shares have gained 8.40% in the last month and 36.27% over the previous three months. The stock is trading 4.87% and 37.16% above its 50-day and 200-day moving averages, respectively. Additionally, shares of Overseas Shipholding, which owns and operates a fleet of oceangoing vessels engaged in the transportation of crude oil and petroleum products in the US, have an RSI of 54.99. Join our big investor community at Wall St. Equities today and get your free report on OSG at:

www.wallstequities.com/registration/?symbol=OSG


Teekay

Hamilton, Bermuda-based Teekay Corp.'s stock ended 0.66% higher at $7.63 with a total trading volume of 543,781 shares. The Company's shares have advanced 14.22% over the past year. The stock is trading below its 50-day moving average by 8.67%. Furthermore, shares of Teekay, which provides crude oil and gas marine transportation; offshore oil production; and storage and offloading services in Bermuda and internationally, have an RSI of 39.58.

On June 15th, 2018, Teekay GP LLC, the general partner of Teekay LNG Partners L.P. (TGP) which is formed by Teekay, has declared cash distributions of $0.5625 per unit on TGP's Series A preferred units and $0.5313 per unit on the TGP's Series B preferred units for the period from April 01st, 2018, to June 30th, 2018. The cash distributions are payable on July 16th, 2018, to all unitholders of record as at June 29th, 2018. Know more about TK in our free research coverage at:

www.wallstequities.com/registration/?symbol=TK

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Source: ACCESSWIRE Investor Awareness (June 29, 2018 - 7:35 AM EDT)

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