June 20, 2016 - 9:16 AM EDT
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Premarket Research Report Covering the Shipping Industry

LONDON, UK /ACCESSWIRE / June 20, 2016 / ActiveWallSt.com announces the list of stocks for today's research coverage. Pre-market the Active Wall St. team provides the latest corporate, market and technical events impacting selected stocks on the Shipping industry. Companies recently under review include DHT Holdings, Scorpio Tankers, Teekay Tankers, and Overseas Shipholding. See our complete report on DHT Holdings at:


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After having faced rough waters the previous year, the Shipping industry is now steadily heading towards a much smoother direction. Let us see what are the factors affecting some of the big names in the industry. Register with us now for your free membership and more research reports at:


Let us take a brief technical look at how each of the companies mentioned above have fared over the last few trading sessions.

DHT Holdings Inc. (NYSE: DHT)

Hamilton, Bermuda headquartered DHT Holdings Inc.'s stock finished last Friday's session 0.80% higher at $5.06. A total volume of 2.95 million shares was traded, which was above their three months average volume of 2.28 million shares. The Company's shares are trading below their 50-day moving average by 7.99%. Additionally, shares of DHT Holdings, which owns and operates crude oil tankers in Bermuda, have a Relative Strength Index (RSI) of 34.93.

Scorpio Tankers Inc. (NYSE: STNG)

On Friday, shares in Monaco-based Scorpio Tankers Inc. ended the session at $4.70, which was a slight correction of 0.84%. The stock recorded a trading volume of 3.32 million shares, which was higher than its three months average volume of 2.22 million shares. The Company's shares are trading 18.41% below their 50-day moving average. Moreover, shares in Scorpio Tankers, which engages in the seaborne transportation of refined petroleum products and crude oil globally, traded at a PE ratio of 4.51 and has RSI of 26.59.

Teekay Tankers Ltd (NYSE: TNK)

Hamilton, Bermuda-based Teekay Tankers Ltd's shares gained 3.90%, closing the session at $3.20. The stock recorded a trading volume of 2.38 million shares, which was above its three months average volume of 2.13 million shares. The Company's shares are trading 10.85% below their 50-day moving average. Additionally, shares of Teekay Tankers, which engages in the marine transportation of crude oil and refined petroleum products through the operation of its oil and product tankers globally, traded at a PE ratio of 2.32 and have an RSI of 38.32. On May 20th, 2016, research firms Bank of America/ Merrill downgraded the Company's stock rating from 'Neutral' to 'Underperform'.

Overseas Shipholding Group Inc. (AMEX: OSG)

On Friday, shares in New York headquartered Overseas Shipholding Group Inc. recorded a trading volume of 630,570 shares. The stock ended the day 3.61% higher at $10.92. The Company's shares are trading above their 50-day and 200-day moving averages by 3.34% and 3.34%, respectively. Furthermore, shares in Overseas Shipholding Group, which primarily engages in the ocean transportation of crude oil and petroleum products, traded at a PE ratio of 21.84.


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SOURCE: Active Wall Street

Source: ACCESSWIRE Investor Awareness (June 20, 2016 - 9:16 AM EDT)

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