Ship Finance International Ltd. (SFL) Trading Down 2.1%
Ship Finance International Ltd. (NYSE:SFL) dropped 2.1% during mid-day trading on Thursday . The company traded as low as $14.35 and last traded at $14.77, with a volume of 889,313 shares changing hands. The stock had previously closed at $15.09.
SFL has been the topic of a number of research analyst reports. Zacks Investment Research raised shares of Ship Finance International from a “strong sell” rating to a “hold” rating in a report on Wednesday, August 17th. Seaport Global Securities initiated coverage on shares of Ship Finance International in a report on Monday, August 22nd. They issued a “neutral” rating and a $16.00 target price on the stock. Clarkson Capital reaffirmed a “neutral” rating on shares of Ship Finance International in a report on Friday, June 17th. Finally, Jefferies Group set a $15.00 target price on shares of Ship Finance International and gave the company a “hold” rating in a report on Wednesday, July 27th. Four research analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. Ship Finance International currently has an average rating of “Hold” and a consensus price target of $17.00.
The company has a market cap of $1.40 billion and a PE ratio of 7.60. The firm’s 50-day moving average is $15.19 and its 200-day moving average is $14.63.
Ship Finance International (NYSE:SFL) last posted its quarterly earnings results on Wednesday, August 24th. The company reported $0.42 earnings per share for the quarter, missing the consensus estimate of $0.51 by $0.09. Equities analysts anticipate that Ship Finance International Ltd. will post $2.18 earnings per share for the current year.
The business also recently declared a quarterly dividend, which will be paid on Thursday, September 29th. Shareholders of record on Monday, September 12th will be paid a $0.45 dividend. This represents a $1.80 annualized dividend and a yield of 11.99%. The ex-dividend date of this dividend is Thursday, September 8th.
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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