How These Shipping Stocks are Faring? -- DryShips, GasLog, Scorpio Bulkers, and Diana Shipping

29/08/2016 05:55

NEW YORK, August 29, 2016 /PRNewswire/ --

The global Shipping segment is experiencing one of its worst years in terms of losses. According to Janet Porter of shipping news provider Lloyd's List, the industry sees a record-low growth of close to 0% this year as compared with the usual growth of 6% to 8%. Stock-Callers.com takes a look at today's featured companies and see how they have fared in recent weeks: DryShips Inc. (NASDAQ: DRYS), GasLog Ltd (NYSE: GLOG), Scorpio Bulkers Inc. (NYSE: SALT), and Diana Shipping Inc. (NYSE: DSX). Register now and get full and free access to our downloadable research reports on these stocks at:

http://stock-callers.com/registration

DryShips

Last Friday, shares in Athens, Greece-based DryShips Inc. ended the day 4.00% higher at $0.83. The stock recorded a trading volume of 2.48 million shares, which was above its three months average volume of 654,580 shares. The Company's shares are trading below their 50-day moving average by 54.14%. Furthermore, shares of DryShips, which provides seaborne dry cargo and offshore support services, have a Relative Strength Index (RSI) of 30.09.

On August 8^th, 2016, DryShips reported a net loss of $9.16 million, or $(0.34) per basic and diluted loss share, for Q2 2016 compared to net loss of $1.44 billion, or $(54.17) per basic and diluted loss share, for Q2 2015. The company's revenue was $13.17 million in Q2 2016 versus revenue of $403.18 million in the year ago period. Access our complete research report on DRYS for free at:

http://stock-callers.com/registration/?symbol=DRYS

GasLog

Monaco-based GasLog Ltd's stock finished Friday's session 1.53% lower at $13.52. A total volume of 365,457 shares was traded. The Company's shares have gained 4.07% in the last one month, 12.65% in the previous three months, and 68.62% on an YTD basis. The stock is trading above its 50-day and 200-day moving averages by 1.52% and 25.21%, respectively. Moreover, shares of GasLog, which together with its subsidiaries, engages in the ownership, operation, and management of vessels in the liquefied natural gas (LNG) market worldwide, have an RSI of 45.46.

On August 04^th, 2016, GasLog reported revenues of $114.5 million for Q2 2016, compared with revenue of $104.4 million in Q2 2015. During the reported quarter, the company posted profit of $3.3 million versus profit of $16.7 million in the year ago period. GasLog reported loss per share of $0.13 for the quarter ended June 30, 2016, as compared to earnings per share of $0.07 in Q2 2015. The complimentary research report on GLOG can be downloaded at:

http://stock-callers.com/registration/?symbol=GLOG

Scorpio Bulkers

Shares in Monaco-based Scorpio Bulkers Inc. ended the session 1.85% higher at $3.31. The stock recorded a trading volume of 223,366 shares. The Company's shares have gained 1.53% in the last month. The stock is trading above its 50-day moving average by 6.22%. Moreover, shares of Scorpio Bulkers, which together with its subsidiaries, engages in the marine transportation of dry bulk commodities, have an RSI of 54.77.

On July 27^th, 2016, Scorpio Bulkers reported that for the three months ended June 30^th, 2016, GAAP net loss was $24.7 million, or $0.48 loss per diluted share, compared to a GAAP net loss of $138.6 million, or $8.50 loss per diluted share, for the three months ended June 30^th, 2015. The company's Time Charter Equivalent (TCE) revenue was $17.4 million for Q2 2016, compared to $12.6 million during the prior year's quarter. TCE revenue per day was $5,303 and $6,663 for Q2 of 2016 and 2015, respectively.

On August 02^nd, 2016, research firm Seaport Global Securities resumed its 'Buy' rating on the Company's stock, issuing a target price of $5 per share. Register for free on Stock-Callers.com and get access to the latest PDF format report on SALT at:

http://stock-callers.com/registration/?symbol=SALT

Diana Shipping

Athens, Greece-based Diana Shipping Inc.'s shares recorded a trading volume of 2.31 million shares last Friday, which was higher than their three months average volume of 464,070 shares. The stock closed 5.00% lower at $2.28. The Company's shares are trading 11.48% below their 50-day moving average. Additionally, shares of Diana Shipping, which provides shipping transportation services, have an RSI of 38.76.

On August 02^nd, 2016, research firm Seaport Global Securities resumed its 'Neutral' rating on the Company's stock, issuing a target price of $3 per share.

On August 26^th, 2016, Diana Shipping announced that it has engaged financial advisors and has entered into negotiations with certain of its lenders to amend its outstanding loan facilities. In connection with these negotiations, the company has reached an agreement in principle with certain lenders, including the company's largest lender, for terms that include, among other provisions, the deferral of amortization payments and amending financial covenants. Download your free research report on DSX at:

http://stock-callers.com/registration/?symbol=DSX

Stock Callers:

Stock Callers (SC) produces regular sponsored and non-sponsored reports, articles, stock market blogs, and popular investment newsletters covering equities listed on NYSE and NASDAQ and micro-cap stocks. SC has two distinct and independent departments. One department produces non-sponsored analyst certified content generally in the form of press releases, articles and reports covering equities listed on NYSE and NASDAQ and the other produces sponsored content (in most cases not reviewed by a registered analyst), which typically consists of compensated investment newsletters, articles and reports covering listed stocks and micro-caps. Such sponsored content is outside the scope of procedures detailed below.

SC has not been compensated; directly or indirectly; for producing or publishing this document.

PRESS RELEASE PROCEDURES:

The non-sponsored content contained herein has been prepared by a writer (the "Author") and is fact checked and reviewed by a third party research service company (the "Reviewer") represented by a credentialed financial analyst [for further information on analyst credentials, please email info@stock-callers.com. Rohit Tuli, a CFA® charterholder (the "Sponsor"), provides necessary guidance in preparing the document templates. The Reviewer has reviewed and revised the content, as necessary, based on publicly available information which is believed to be reliable. Content is researched, written and reviewed on a reasonable-effort basis. The Reviewer has not performed any independent investigations or forensic audits to validate the information herein. The Reviewer has only independently reviewed the information provided by the Author according to the procedures outlined by SC. SC is not entitled to veto or interfere in the application of such procedures by the third-party research service company to the articles, documents or reports, as the case may be. Unless otherwise noted, any content outside of this document has no association with the Author or the Reviewer in any way.

NO WARRANTY

SC, the Author, and the Reviewer are not responsible for any error which may be occasioned at the time of printing of this document or any error, mistake or shortcoming. No liability is accepted whatsoever for any direct, indirect or consequential loss arising from the use of this document. SC, the Author, and the Reviewer expressly disclaim any fiduciary responsibility or liability for any consequences, financial or otherwise arising from any reliance placed on the information in this document. Additionally, SC, the Author, and the Reviewer do not (1) guarantee the accuracy, timeliness, completeness or correct sequencing of the information, or (2) warrant any results from use of the information. The included information is subject to change without notice.

NOT AN OFFERING

This document is not intended as an offering, recommendation, or a solicitation of an offer to buy or sell the securities mentioned or discussed, and is to be used for informational purposes only. Please read all associated disclosures and disclaimers in full before investing. Neither SC nor any party affiliated with us is a registered investment adviser or broker-dealer with any agency or in any jurisdiction whatsoever. To download our report(s), read our disclosures, or for more information, visit

http://stock-callers.com/legal-disclaimer/

CONTACT
For any questions, inquiries, or comments reach out to us directly. If you're a company we are covering and wish to no longer feature on our coverage list contact us via email and/or phone between 09:30 EDT to 16:00 EDT from Monday to Friday at:
Email: info@stock-callers.com
Phone number: +44 330 808 3765
Office Address: Clyde Offices, Second Floor, 48 West George Street, Glasgow, U.K. -G2 1BP

CFA® and Chartered Financial Analyst® are registered trademarks owned by CFA Institute.