Ship Finance International Ltd. (SFL) Stock Price Down 2.2%
Ship Finance International Ltd. (NYSE:SFL) was down 2.2% on Thursday . The stock traded as low as $15.07 and last traded at $15.08, with a volume of 342,828 shares traded. The stock had previously closed at $15.42.
Several equities research analysts have weighed in on SFL shares. Zacks Investment Research upgraded Ship Finance International from a “strong sell” rating to a “hold” rating in a report on Wednesday, August 17th. Seaport Global Securities began coverage on Ship Finance International in a report on Monday, August 22nd. They issued a “neutral” rating and a $16.00 target price for the company. Clarkson Capital restated a “neutral” rating on shares of Ship Finance International in a research report on Friday, June 17th. Finally, Jefferies Group set a $15.00 price objective on Ship Finance International and gave the company a “hold” rating in a research report on Wednesday, July 27th. Four research analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. Ship Finance International presently has a consensus rating of “Hold” and a consensus target price of $17.00.
The company has a 50 day moving average price of $15.15 and a 200-day moving average price of $14.51. The stock has a market cap of $1.42 billion and a P/E ratio of 7.67.
Ship Finance International (NYSE:SFL) last issued its quarterly earnings results on Tuesday, May 31st. The company reported $0.61 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.63 by $0.02. The firm had revenue of $174 million for the quarter, compared to analyst estimates of $116 million. Analysts anticipate that Ship Finance International Ltd. will post $2.18 EPS for the current fiscal year.
Ship Finance International Limited is a holding, and international ship owning and chartering company. The Company is engaged in the ownership and operation of vessels and offshore related assets, and also involved in the charter, purchase and sale of assets. Its assets consist of approximately 20 oil tankers, over 20 dry bulk carriers, approximately 20 container vessels, including a newbuilding, two car carriers, two jack-up drilling rigs, two ultra-deepwater drilling units, five offshore supply vessels, two chemical tankers and two newbuilding oil product tankers.