Breaking News Instant updates and real-time market news.

INSW

International Seaways

$18.89

-0.59 (-3.03%)

, TNP

TEN, Ltd.

$3.36

-0.04 (-1.18%)

09:25
04/24/19
04/24
09:25
04/24/19
09:25

U.S. sanctions on Iran could benefit crude tankers, says Stifel

After the U.S. recently said it will re-institute sanctions on Iran on May 1 to now include the eight countries that previously had waivers, Stifel analyst Benjamin Nolan said he believes crude tankers could see a benefit. Nolan noted that much of Iran's oil is moved by their own vessels and the net effect could be increased demand for approximately 30 VLCCs from the trio of Saudi Arabia, Russia, and the UAE, who have said they are willing to fill the void left by absent Iranian barrels. Stocks in the crude tanker group include International Seaways (INSW), TEN, Ltd. (TNP), Scorpio Tankers (STNG), Euronav NV (EURN), DHT Holdings (DHT) and Ardmore Shipping (ASC).

INSW

International Seaways

$18.89

-0.59 (-3.03%)

TNP

TEN, Ltd.

$3.36

-0.04 (-1.18%)

STNG

Scorpio Tankers

$24.97

0.96 (4.00%)

EURN

Euronav NV

$9.56

-0.155 (-1.60%)

DHT

DHT Holdings

$5.17

0.075 (1.47%)

ASC

Ardmore Shipping

$7.14

0.17 (2.44%)

  • 02

    May

INSW International Seaways
$18.89

-0.59 (-3.03%)

11/09/18
RILY
11/09/18
INITIATION
Target $21.5
RILY
Neutral
International Seaways initiated with a Neutral at B. Riley FBR
B. Riley FBR analyst Liam Burke started International Seaways with a Neutral rating and $21.50 price target.
10/01/18
JEFF
10/01/18
INITIATION
Target $30
JEFF
Buy
International Seaways initiated with a Buy at Jefferies
Jefferies analyst Randy Giveans started International Seaways with a Buy rating and $30 price target. Tanker demand growth is set to outpace tanker supply growth through at least 2020, Giveans tells investors in a research note. As a result. he believes the crude tanker market is now past the bottom and shipping rates should improve significantly in the coming quarters and years. The analyst calls International Seaways his top crude tanker pick.
09/25/18
09/25/18
INITIATION

On The Fly: Top five analyst initiations
Catch up on today's top five analyst initiations with this list compiled by The Fly: 1. Wendy's (WEN) initiated with a Buy at BTIG. 2. BJ's Wholesale (BJ) initiated with a Buy at Northcoast. 3. Central Garden & Pet (CENT) initiated with a Neutral at JPMorgan. 4. International Seaways (INSW) initiated with a Buy at Stifel. 5. Welltower (WELL) initiated with an Overweight at Barclays. This list is just a portion of The Fly's analyst coverage. To see The Fly's full Street Research coverage, click here.
12/06/18
JEFF
12/06/18
NO CHANGE
Target $30
JEFF
Buy
International Seaways 'very attractive' play on tanker recovery, says Jefferies
After accompanying the management team in client meetings, Jefferies analyst Randy Giveans believes that International Seaways is a "very attractive" way to invest in the sustained tanker recovery "that has just begun." The recent improvement in the crude tanker market is only the beginning of what should be a multi-year recovery, Giveans tells investors in a research note. The analyst keeps a Buy rating on International Seaways with a $30 price target.
TNP TEN, Ltd.
$3.36

-0.04 (-1.18%)

01/23/19
01/23/19
NO CHANGE

JPMorgan upgrades Euronav, downgrades Scorpio, TEN in tanker earnings preview
As previously reported, JPMorgan analyst Noah Parquette upgraded Euronav NV to Overweight ahead of the company's Q4 results, stating that he expects it will be "a focus stock" for investors looking to play the tanker market. He likes Euronav's dividend policy and views the upside/downside risk as compelling following the recent selloff in the stock, Parquette tells investors. He trimmed his price target on Euronav shares to $11 from $12. Parquette downgraded Scorpio Tankers (STNG) to Neutral from Overweight with an unchanged $23 price target ahead of the company's Q4 results, stating that the dilution and leverage incurred over the past 1-2 years limits upside relative to other stocks in the space. Parquette also downgraded TEN, Ltd. to Neutral from Overweight, citing his return expectations relative to the rest of the tanker stocks he covers.
02/15/19
MSCO
02/15/19
DOWNGRADE
Target $3.5
MSCO
Equal Weight
TEN, Ltd. downgraded to Equal Weight on debt burden at Morgan Stanley
As previously reported, Morgan Stanley analyst Fotis Giannakoulis downgraded TEN, Ltd. to Equal Weight from Overweight, stating that the upcoming refinancings of the preferred stocks could erode the company's liquidity. Even as the tanker market tightens in 2020-21, the company's heavy debt repayment schedule lowers its ability to grow or pay higher dividends, Giannakoulis tells investors. He has a $3.50 price target on TEN, Ltd. shares.
01/23/19
JPMS
01/23/19
DOWNGRADE
JPMS
Neutral
TEN, Ltd. downgraded to Neutral from Overweight at JPMorgan
JPMorgan analyst Noah Parquette downgraded TEN, Ltd. to Neutral ahead of the company's Q4 results.
02/15/19
MSCO
02/15/19
DOWNGRADE
MSCO
Equal Weight
TEN, Ltd. downgraded to Equal Weight from Overweight at Morgan Stanley
STNG Scorpio Tankers
$24.97

0.96 (4.00%)

01/23/19
JPMS
01/23/19
DOWNGRADE
Target $23
JPMS
Neutral
Scorpio Tankers downgraded to Neutral from Overweight at JPMorgan
JPMorgan analyst Noah Parquette downgraded Scorpio Tankers to Neutral with a $23 price target ahead of the company's Q4 results.
03/04/19
RILY
03/04/19
UPGRADE
Target $25
RILY
Buy
Scorpio Tankers upgraded to Buy from Neutral at B. Riley FBR
B. Riley FBR analyst Liam Burke upgraded Scorpio Tankers to Buy and raised his price target for the shares to $25 from $22. The company has an "efficient" fleet operating in "healthy" end markets, Burke tells investors in a research note.
04/11/19
RILY
04/11/19
NO CHANGE
Target $25
RILY
Buy
Scorpio Tankers added to Alpha Generator list at B. Riley FBR
B. Riley FBR analyst Liam Burke added Scorpio Tankers to his firm's Alpha Generator list while keeping a Buy rating on the shares with a $25 price target.
EURN Euronav NV
$9.56

-0.155 (-1.60%)

01/23/19
JPMS
01/23/19
UPGRADE
JPMS
Overweight
Euronav NV upgraded to Overweight from Neutral at JPMorgan
JPMorgan analyst Noah Parquette upgraded Euronav NV to Overweight ahead of the company's Q4 results.
02/12/19
DNBM
02/12/19
UPGRADE
DNBM
Buy
Euronav NV upgraded to Buy from Hold at DNB Markets
02/12/19
02/12/19
UPGRADE

Buy
DNB Markets sees risks discounted in valuation, ups crude tanker stocks to Buy
As previously reported, DNB Markets analyst Nicolay Dyvik upgraded DHT Holdings (DHT), Euronav NV (EURN), Frontline (FRO) and Teekay Tankers (TNK) to Buy from Hold as he believes the risks he put forward in his previous downgrades are now discounted in equity values. At an EV/GAV of 0.8 times, OPEC output cuts are discounted, but IMO 2020 is not, he contended, adding that ship prices are up in the past two months, as the one-year time-charter market starts to discount IMO 2020, and with tanker stocks set to follow.
DHT DHT Holdings
$5.17

0.075 (1.47%)

02/12/19
DNBM
02/12/19
UPGRADE
DNBM
Buy
DHT Holdings upgraded to Buy from Hold at DNB Markets
04/23/19
EVER
04/23/19
UPGRADE
EVER
Outperform
DHT Holdings upgraded to Outperform from In Line at Evercore ISI
01/10/19
WELS
01/10/19
DOWNGRADE
Target $5
WELS
Market Perform
DHT Holdings downgraded to Market Perform at Wells Fargo
As previously reported, Wells Fargo analyst Michael Webber downgraded DHT Holdings to Market Perform from Outperform and lowered his price target on the shares to $5 from $6.50. The analyst notes that tanker stocks have traded off with rest of the energy space, putting the group in an interesting position - cheaper P/NAV multiples, a softer 2019 outlook, but still "enough long-term juice" to warrant a gradual move back to mid-cycle values. While he is moving most of his Outperform-rated tanker names back to Market Perform, he anticipates a quicker turn in dynamics this cycle relative to past.
ASC Ardmore Shipping
$7.14

0.17 (2.44%)

09/25/18
09/25/18
UPGRADE

Ardmore Shipping upgraded to Buy from Reduce at Fearnley
Fearnley Securities analyst Peder Jarlsby upgraded Ardmore Shipping to Buy from Reduce and raised his price target for the shares to $9.30 from $6.70. With the inventory draw cycle coming to an end and oil production growth picking up, the analyst believes an inflection point will hit the product market in Q4.

TODAY'S FREE FLY STORIES

FB

Facebook

$203.96

-0.945 (-0.46%)

, BTC

Bitcoin

$0.00

(0.00%)

14:14
07/15/19
07/15
14:14
07/15/19
14:14
Hot Stocks
Mnuchin says Trump has cryptocurrency concerns, won't target a specific provider »

Asked about President…

FB

Facebook

$203.96

-0.945 (-0.46%)

BTC

Bitcoin

$0.00

(0.00%)

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

  • 16

    Jul

  • 17

    Jul

  • 24

    Jul

C

Citi

$71.87

0.12 (0.17%)

14:11
07/15/19
07/15
14:11
07/15/19
14:11
Hot Stocks
Citi reports June credit loss rate 2.56% vs. 2.74% last month »

Reports June 30-plus day…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

  • 15

    Jul

  • 13

    Aug

FB

Facebook

$203.77

-1.135 (-0.55%)

14:09
07/15/19
07/15
14:09
07/15/19
14:09
Hot Stocks
Breaking Hot Stocks news story on Facebook »

Mnuchin says Facebook…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

  • 16

    Jul

  • 17

    Jul

  • 24

    Jul

FB

Facebook

$203.81

-1.095 (-0.53%)

, BTC

Bitcoin

$0.00

(0.00%)

14:07
07/15/19
07/15
14:07
07/15/19
14:07
Hot Stocks
Mnuchin says Treasury has 'serious concerns' about Facebook's Libra, bitcoin »

Treasury Secretary Steven…

FB

Facebook

$203.81

-1.095 (-0.53%)

BTC

Bitcoin

$0.00

(0.00%)

BITCOIN

Bitcoin

$0.00

(0.00%)

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

  • 16

    Jul

  • 17

    Jul

  • 24

    Jul

SCHW

Charles Schwab

$40.49

0.47 (1.17%)

14:05
07/15/19
07/15
14:05
07/15/19
14:05
Options
Charles Schwab call volume above normal and directionally bullish »

Bullish option flow…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

  • 19

    Jul

  • 27

    Oct

CSGP

CoStar Group

$583.45

-3.56 (-0.61%)

14:05
07/15/19
07/15
14:05
07/15/19
14:05
Hot Stocks
CoStar Group signs agreement with Behar Group Realty »

CoStar Group is pleased…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

  • 23

    Jul

  • 12

    Aug

  • 13

    Nov

HTGC

Hercules Capital

$12.96

-0.02 (-0.15%)

14:00
07/15/19
07/15
14:00
07/15/19
14:00
Hot Stocks
Hercules Capital reports separation agreement with Manuel Henriquez »

In a regulatory filing…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

  • 01

    Aug

GLPG

Galapagos

$170.88

25.21 (17.31%)

13:59
07/15/19
07/15
13:59
07/15/19
13:59
Downgrade
Galapagos rating change  »

Galapagos downgraded to…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

  • 26

    Jul

  • 09

    Sep

LVMUY

LVMH

$0.00

(0.00%)

13:52
07/15/19
07/15
13:52
07/15/19
13:52
Hot Stocks
LVMH announces partnership with Stella McCartney »

Stella McCartney and LVMH…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

  • 24

    Jul

SCHW

Charles Schwab

$40.49

0.47 (1.17%)

13:51
07/15/19
07/15
13:51
07/15/19
13:51
Recommendations
Charles Schwab analyst commentary  »

Wells says Schwab deal…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

  • 19

    Jul

  • 27

    Oct

AMC

AMC Entertainment

$9.45

(0.00%)

13:45
07/15/19
07/15
13:45
07/15/19
13:45
Options
AMC Entertainment call volume above normal and directionally bullish »

Bullish option flow…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

  • 05

    Sep

SPY

SPDR S&P 500 ETF Trust

$300.31

-0.37 (-0.12%)

, SPX

S&P 500

$0.00

(0.00%)

13:43
07/15/19
07/15
13:43
07/15/19
13:43
Periodicals
Trump ponders firing Commerce Secretary Wilbur Ross, NBC News says »

According to an earlier…

SPY

SPDR S&P 500 ETF Trust

$300.31

-0.37 (-0.12%)

SPX

S&P 500

$0.00

(0.00%)

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

MDCO

The Medicines Co.

$36.65

-0.03 (-0.08%)

13:35
07/15/19
07/15
13:35
07/15/19
13:35
Options
Medicines Company put volume heavy and directionally bearish »

Bearish flow noted in…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

NTGN

Neon Therapeutics

$4.61

0.3 (6.96%)

13:30
07/15/19
07/15
13:30
07/15/19
13:30
Recommendations
Neon Therapeutics analyst commentary  »

Neon Therapeutics'…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

  • 09

    Sep

SYMC

Symantec

$21.73

-3.83 (-14.98%)

, AVGO

Broadcom

$289.18

3.79 (1.33%)

13:27
07/15/19
07/15
13:27
07/15/19
13:27
Periodicals
Broadcom was willing to pay up $28.25 per share for Symantec, Reuters reports »

Symantec (SYMC) walked…

SYMC

Symantec

$21.73

-3.83 (-14.98%)

AVGO

Broadcom

$289.18

3.79 (1.33%)

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

CARA

Cara Therapeutics

$25.55

1.25 (5.14%)

13:25
07/15/19
07/15
13:25
07/15/19
13:25
Options
Cara Therapeutics call volume above normal and directionally bullish »

Bullish option flow…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

13:25
07/15/19
07/15
13:25
07/15/19
13:25
Conference/Events
Stephens consumer/poultry & egg analysts hold analyst/industry conference call »

Analysts provide an…

A

Agilent

$69.90

-1.75 (-2.44%)

13:25
07/15/19
07/15
13:25
07/15/19
13:25
Conference/Events
The Brookings Institution to hold a conference »

8th annual Municipal…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

  • 15

    Jul

GOOG

Alphabet

$1,146.02

1.47 (0.13%)

, GOOGL

Alphabet Class A

$1,146.04

0.74 (0.06%)

13:24
07/15/19
07/15
13:24
07/15/19
13:24
Periodicals
Trump administration 'taking aim' at Google, FBN's Gasparino says »

Charles Gasparino of Fox…

GOOG

Alphabet

$1,146.02

1.47 (0.13%)

GOOGL

Alphabet Class A

$1,146.04

0.74 (0.06%)

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

  • 25

    Jul

  • 25

    Jul

  • 08

    Aug

  • 27

    Oct

$NSD

NASDAQ Market Internals

$0.00

(0.00%)

13:17
07/15/19
07/15
13:17
07/15/19
13:17
Technical Analysis
NASDAQ market internals summary »

Volume is average for…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

$NYE

NYSE Market Internals

$0.00

(0.00%)

13:16
07/15/19
07/15
13:16
07/15/19
13:16
Technical Analysis
NYSE market internals summary »

Volume is below average…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

HLF

Herbalife Nutrition

$41.12

-0.47 (-1.13%)

13:15
07/15/19
07/15
13:15
07/15/19
13:15
Options
Herbalife put volume heavy and directionally bearish »

Bearish flow noted in…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

  • 01

    Aug

OSAGY

Osram

$0.00

(0.00%)

13:09
07/15/19
07/15
13:09
07/15/19
13:09
Hot Stocks
Osram announces interest from AMS, sees 'rather low' probability of deal »

Osram Licht said it…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

BAESY

BAE Systems

$0.00

(0.00%)

13:09
07/15/19
07/15
13:09
07/15/19
13:09
Hot Stocks
BAE Systems reports award of $45M contract from U.S. Army »

The U.S. Army has awarded…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

SBGI

Sinclair Broadcast

$58.58

-0.46 (-0.78%)

, GIII

G-III Apparel

$28.05

-0.36 (-1.27%)

13:07
07/15/19
07/15
13:07
07/15/19
13:07
On The Fly
Fly Insider: G-III, Target among week's notable insider transactions »

Welcome to "Fly Insider,"…

SBGI

Sinclair Broadcast

$58.58

-0.46 (-0.78%)

GIII

G-III Apparel

$28.05

-0.36 (-1.27%)

OPK

Opko Health

$2.14

-0.025 (-1.15%)

THO

Thor Industries

$58.96

-0.4 (-0.67%)

GEF

Greif

$33.90

-0.68 (-1.97%)

INSG

Inseego

$5.19

0.03 (0.58%)

FDS

FactSet

$293.90

-2.66 (-0.90%)

TREE

LendingTree

$428.63

-4.28 (-0.99%)

MKC

McCormick

$159.84

1.31 (0.83%)

TGT

Target

$86.80

-0.73 (-0.83%)

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

  • 07

    Aug

  • 12

    Aug

  • 21

    Aug

  • 05

    Sep

  • 19

    Sep

  • 19

    Sep

  • 25

    Sep

  • 13

    Nov

Get Full Fly Access

Breaking market intelligence sent straight to you
Our team of experts analyze every news story and filter out the noise to deliver real-time market moving news.
Up-to-date information on important industry events
Get real-time updates on events that are moving the market—from conferences and calls to syndicate announcements.
News focused on the companies in your portfolio
Create up to 12 portfolios with 150 stocks each, and see how active they are in market news.