DRYS Beats Expectations as Drilling Results Improve Thursday, November 18, 9:25 AM ET, by Market News Video Staff Driller and drybulk shipper DryShips (DRYS) posted earnings late yesterday of $49.3 million, or $0.18 ...
FBR Adds Overseas Shipholding to Top Picks Wednesday, November 24, 2:31 PM ET, by Market News Video Staff FBR Capital (FBCM) added Overseas Shipholding (OSG) to its Top Picks list today. The firm ...
Are Shipping Stocks the Best Value Play of 2011? Monday, January 31, 2:17 PM ET, by Market News Video Staff Over the past month, drybulk shippers have watched the Baltic Dry Index fall from just ...
In trading on Wednesday, shares of Teekay Tankers Ltd (NYSE:TNK) crossed below their last reported book value — defined as common shareholder equity per share — of $8.51, changing hands as low as $8.42 per share. Teekay Tankers Ltd shares are currently trading off about 3.1% on the day. The chart below shows the one year performance of TNK shares, versus its 50 and 200 day moving averages:
Looking at the chart above, TNK's low point in its 52 week range is $8.42 per share, with $13.96 as the 52 week high point — that compares with a last trade of $8.51.
According to the ETF Finder at ETF Channel, TNK makes up 3.95% of the Guggenheim Shipping ETF (AMEX:SEA) which is trading lower by about 0.5% on the day Wednesday.
TNK operates in the Oil & Gas Equipment & Services sector, among companies like Key Energy Services, Inc. (NYSE:KEG) which is up about 7.9% today, and Copano Energy LLC (NASDAQ:CPNO) trading higher by about 0.7%. Below is a three month price history chart comparing the stock performance of TNK, versus KEG and CPNO.
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anywhere and everywhere. The key to the program is our portfolio strategy allows us complete flexibility in terms of asset
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In no way should any content contained herein be interpreted to represent trading or investment advice.
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