According to Zacks, “Ship Finance is a major shipowning company. Including newbuildings, Ship Finance owns a fleet consisting of vessels, including crude oil tankers (VLCC and Suezmax), oil/bulk/ore vessels, container vessels, dry bulk carriers, jack-up drilling rigs and seismic vessels. The fleet is one of the largest in the world and most of the vessels are employed on medium- or long-term charters. “
A number of other research analysts have also commented on SFL. Clarkson Capital reaffirmed a neutral rating on shares of Ship Finance International in a report on Friday, June 17th. Jefferies Group set a $15.00 price objective on Ship Finance International and gave the company a hold rating in a report on Wednesday, July 27th. Finally, Seaport Global Securities started coverage on Ship Finance International in a report on Monday, August 22nd. They issued a neutral rating and a $16.00 price objective on the stock. 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 price target of $17.00.
Shares of Ship Finance International (NYSE:SFL) opened at 14.63 on Wednesday. Ship Finance International has a 52 week low of $9.83 and a 52 week high of $17.80. The stock has a 50 day moving average price of $14.95 and a 200-day moving average price of $14.85. The firm has a market capitalization of $1.37 billion, a price-to-earnings ratio of 8.55 and a beta of 1.28.
Ship Finance International (NYSE:SFL) last issued its quarterly earnings data on Wednesday, August 24th. The company reported $0.42 EPS for the quarter, missing analysts’ consensus estimates of $0.51 by $0.09. Ship Finance International had a net margin of 41.55% and a return on equity of 17.86%. On average, equities research analysts forecast that Ship Finance International will post $1.97 earnings per share for the current year.
The business also recently announced a quarterly dividend, which was paid on Thursday, September 29th. Stockholders of record on Monday, September 12th were given a dividend of $0.45 per share. The ex-dividend date of this dividend was Thursday, September 8th. This represents a $1.80 dividend on an annualized basis and a dividend yield of 12.30%. Ship Finance International’s payout ratio is 90.45%.
Several hedge funds have recently added to or reduced their stakes in SFL. Engineers Gate Manager LP bought a new stake in Ship Finance International during the second quarter worth $151,000. PNC Financial Services Group Inc. increased its stake in shares of Ship Finance International by 10.0% in the second quarter. PNC Financial Services Group Inc. now owns 10,715 shares of the company’s stock valued at $157,000 after buying an additional 976 shares in the last quarter. Arete Wealth Advisors LLC increased its stake in shares of Ship Finance International by 2.4% in the first quarter. Arete Wealth Advisors LLC now owns 11,317 shares of the company’s stock valued at $157,000 after buying an additional 267 shares in the last quarter. Ameriprise Financial Inc. acquired a new stake in shares of Ship Finance International during the second quarter valued at $183,000. Finally, Quantbot Technologies LP acquired a new stake in shares of Ship Finance International during the second quarter valued at $185,000. Hedge funds and other institutional investors own 30.05% of the company’s stock.
About Ship Finance International
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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