Ship Finance International Ltd. (SFL) Shares Down 2.2%
Ship Finance International Ltd. (NYSE:SFL)’s share price traded down 2.2% on Thursday . The company traded as low as $15.07 and last traded at $15.08, with a volume of 342,828 shares. The stock had previously closed at $15.42.
SFL has been the topic of a number of recent research reports. Seaport Global Securities initiated coverage on Ship Finance International in a research note on Monday. They set a “neutral” rating and a $16.00 price objective on the stock. Zacks Investment Research upgraded Ship Finance International from a “strong sell” rating to a “hold” rating in a research note on Wednesday, August 17th. Jefferies Group set a $15.00 price objective on Ship Finance International and gave the stock a “hold” rating in a research note on Wednesday, July 27th. Finally, Clarkson Capital restated a “neutral” rating on shares of Ship Finance International in a research note on Friday, June 17th. Four research analysts have rated the stock with a hold rating and one has given a buy rating to the stock. Ship Finance International currently has an average rating of “Hold” and a consensus target price of $17.00.
The company has a market cap of $1.41 billion and a PE ratio of 7.63. The company has a 50-day moving average price of $15.09 and a 200-day moving average price of $14.49.
Ship Finance International (NYSE:SFL) last announced its quarterly earnings results on Tuesday, May 31st. The company reported $0.61 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.63 by $0.02. The company had revenue of $174 million for the quarter, compared to the consensus estimate of $116 million. Equities research analysts forecast that Ship Finance International Ltd. will post $2.18 earnings per share for the current year.
An institutional investor recently raised its position in Ship Finance International stock. Rhumbline Advisers increased its stake in Ship Finance International Ltd. (NYSE:SFL) by 0.4% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 82,582 shares of the company’s stock after buying an additional 350 shares during the period. Rhumbline Advisers owned 0.09% of Ship Finance International worth $1,368,000 as of its most recent SEC filing.
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.
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