Top Shipping Stocks To Research – November 7th

Frontline, Viking, and Golar LNG are the three Shipping stocks to watch today, according to MarketBeat’s stock screener tool. Shipping stocks are shares in companies that transport cargo or passengers by sea, such as cargo-ship owners, tanker operators, and container-shipping firms. Their performance can be sensitive to global trade, shipping rates, fuel costs, and changes in vessel capacity. These companies had the highest dollar trading volume of any Shipping stocks within the last several days.

Frontline (FRO)

Shares of NYSE:FRO traded up $0.76 during midday trading on Friday, reaching $45.46. 5,108,464 shares of the company’s stock traded hands, compared to its average volume of 4,249,440. The company has a fifty day simple moving average of $50.85 and a two-hundred day simple moving average of $39.67. Frontline has a 1 year low of $20.47 and a 1 year high of $59.75. The company has a market cap of $10.12 billion, a P/E ratio of 6.81 and a beta of 0.19. The company has a debt-to-equity ratio of 0.69, a quick ratio of 1.87 and a current ratio of 1.87.

Viking (VIK)

Viking Holdings Ltd engages in the passenger shipping and other forms of passenger transport in North America, the United Kingdom, and internationally. It operates through River and Ocean segments. The company also operates as a tour entrepreneur for passengers and related activities in tourism. As of December 31, 2023, it operated a fleet of 92 ships, including 81 river vessels comprising 58 Longships, 10 smaller classes based on the Longship design, 11 other river vessels, and 1 river vessel charter and the Viking Mississippi; 9 ocean ships; and 2 expedition ships.

NYSE VIK traded up $1.43 on Friday, hitting $87.59. The company had a trading volume of 2,635,062 shares, compared to its average volume of 3,058,493. The company has a market capitalization of $39.04 billion, a PE ratio of 29.10, a PEG ratio of 1.05 and a beta of 1.39. The company’s fifty day moving average price is $84.08 and its 200-day moving average price is $85.47. The company has a debt-to-equity ratio of 3.61, a current ratio of 0.81 and a quick ratio of 0.79. Viking has a 12-month low of $56.67 and a 12-month high of $110.09.

Golar LNG (GLNG)

Golar LNG Limited designs, converts, owns, and operates marine infrastructure for the liquefaction of natural gas. The company operates through three segments: FLNG, Corporate and Other, and Shipping. It engages in the regasification, storage, and offloading of liquefied natural gas (LNG); operation of floating liquefaction natural gas (FLNG) vessels or projects; transportation of LNG carriers; and vessel management activities.

GLNG traded up $0.50 during midday trading on Friday, hitting $43.07. 1,634,744 shares of the company traded hands, compared to its average volume of 1,544,104. The company has a current ratio of 2.34, a quick ratio of 2.34 and a debt-to-equity ratio of 1.11. The company has a market capitalization of $4.36 billion, a price-to-earnings ratio of 26.92 and a beta of 0.15. Golar LNG has a 52-week low of $35.02 and a 52-week high of $57.79. The business has a 50 day simple moving average of $48.42 and a two-hundred day simple moving average of $49.41.