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Recommendations
Costamare price target raised to $19 from $14.50 at Citi » 05:53
09/08/21
09/08
05:53
09/08/21
05:53
CMRE

Costamare

$15.33 /

+0.055 (+0.36%)

Citi analyst Christian…

Citi analyst Christian Wetherbee raised the firm's price target on Costamare to $19 from $14.50 and keeps a Buy rating on the shares. The analyst increased estimates to reflect an updated revenue and expense outlook for the dry bulk fleet post the Q2 results.

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CMRE Costamare
$15.33 /

+0.055 (+0.36%)

CMRE Costamare
$15.33 /

+0.055 (+0.36%)

06/17/21 Citi
Costamare price target raised to $14.50 from $12.50 at Citi
09/28/20 Citi
Costamare upgraded to Buy from Sell at Citi
CMRE Costamare
$15.33 /

+0.055 (+0.36%)

CMRE Costamare
$15.33 /

+0.055 (+0.36%)

Over a month ago
Earnings
Costamare reports Q2 adjusted EPS 47c, consensus 54c » 06:52
07/28/21
07/28
06:52
07/28/21
06:52
CMRE

Costamare

$10.27 /

-0.15 (-1.44%)

Reports Q2 revenue…

Reports Q2 revenue $166.8M, one estimate $159M. CFO Gregory Zikos commented: "The container market rebound that began in the second half of last year has continued into the first half of this year, drawing strength from favorable supply and demand dynamics. Strong consumer demand, low inventory levels, and supply chain constraints have all contributed to record charter rates and longer charter durations. All our containerships chartered during the quarter have been fixed at increasingly high levels of hire. On the dry bulk side, we are pleased to report the acquisition of 21 additional vessels, since we first announced our entry into this sector...The dry bulk acquisitions result from our decision to invest in this liquid sector where supply is limited by a low orderbook and demand is being driven by increased infrastructure spending and commodity consumption. Supported by contracted revenues of $ 3.3B and an average time charter duration of more than four years for our containership fleet, we have 15 containerships coming off charter over the next 18 months and 37 dry bulk vessels operating in the spot market, favorably positioning our company, should the currently strong market conditions continue."

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CMRE Costamare
$10.27 /

-0.15 (-1.44%)

CMRE Costamare
$10.27 /

-0.15 (-1.44%)

06/17/21 Citi
Costamare price target raised to $14.50 from $12.50 at Citi
09/28/20 Citi
Costamare upgraded to Buy from Sell at Citi
CMRE Costamare
$10.27 /

-0.15 (-1.44%)

CMRE Costamare
$10.27 /

-0.15 (-1.44%)

Over a quarter ago
Recommendations
Costamare price target raised to $14.50 from $12.50 at Citi » 06:00
06/17/21
06/17
06:00
06/17/21
06:00
CMRE

Costamare

$12.29 /

+0.23 (+1.91%)

Citi analyst Christian…

Citi analyst Christian Wetherbee raised the firm's price target on Costamare to $14.50 from $12.50 and keeps a Buy rating on the shares. In an "opportunistic transaction that provides optionality," Costamare acquired 16 dry bulk vessels which provide a base for capital deployment away from the containership sector, Wetherbee tells investors in a research note. The analyst's containership outlook "remains robust as vessel values have continued to surge on the back of soaring box rates."

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CMRE Costamare
$12.29 /

+0.23 (+1.91%)

CMRE Costamare
$12.29 /

+0.23 (+1.91%)

09/28/20 Citi
Costamare upgraded to Buy from Sell at Citi
07/21/20 Stifel
Costamare upgraded to Buy from Hold at Stifel
CMRE Costamare
$12.29 /

+0.23 (+1.91%)

CMRE Costamare
$12.29 /

+0.23 (+1.91%)

Hot Stocks
Costamare acquires 16 dry bulk vessels » 16:33
06/14/21
06/14
16:33
06/14/21
16:33
CMRE

Costamare

$12.10 /

+0.1 (+0.83%)

Costamare announced the…

Costamare announced the acquisition of 16 dry bulk vessels of between 33,000 and 85,000 DWT, with an average age of 10 years. The vessels are currently operating in the spot market. Two of the ships have been delivered with the rest of the vessels expected to be delivered latest by January 2022. "We are pleased to announce the acquisition of dry bulk vessels. We have decided to invest in a liquid sector with strong fundamentals that provide enhanced return opportunities for our shareholders. The ships will be managed through our existing platform headed and enriched by the dry bulk Onassis team, who will be joining Costamare in July. The acquisitions will initially be funded with cash on hand, and the Company is in the process of arranging commercial bank debt. Considering the nature of the dry bulk business, we plan to have low leverage of up to 60% of the value of the assets. We look forward to providing a detailed update on our business strategy during our second quarter results."

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CMRE Costamare
$12.10 /

+0.1 (+0.83%)

CMRE Costamare
$12.10 /

+0.1 (+0.83%)

09/28/20 Citi
Costamare upgraded to Buy from Sell at Citi
07/21/20 Stifel
Costamare upgraded to Buy from Hold at Stifel
CMRE Costamare
$12.10 /

+0.1 (+0.83%)

CMRE Costamare
$12.10 /

+0.1 (+0.83%)

Earnings
Costamare reports Q1 adjusted EPS 31c, consensus 30c » 06:53
06/01/21
06/01
06:53
06/01/21
06:53
CMRE

Costamare

$10.73 /

+0.08 (+0.75%)

Reports Q1 revenue…

Reports Q1 revenue $122.14M, one estimate $124.77M. "We are pleased to announce the results of another profitable quarter", commented Gregory Zikos, CFO. "The market rebound that began in the second half of last year has continued, drawing strength from favorable supply and demand dynamics. Strong demand for goods, restocking of inventories and a balanced container vessel market have all helped the charter market reach levels that we have not seen for a decade."

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CMRE Costamare
$10.73 /

+0.08 (+0.75%)

CMRE Costamare
$10.73 /

+0.08 (+0.75%)

09/28/20 Citi
Costamare upgraded to Buy from Sell at Citi
07/21/20 Stifel
Costamare upgraded to Buy from Hold at Stifel
CMRE Costamare
$10.73 /

+0.08 (+0.75%)

CMRE Costamare
$10.73 /

+0.08 (+0.75%)

Options
Costamare options imply 3.6% move in share price post-earnings » 15:04
04/30/21
04/30
15:04
04/30/21
15:04
CMRE

Costamare

$10.59 /

+0.1 (+0.95%)

Pre-earnings options…

Pre-earnings options volume in Costamare is normal with calls leading puts 7:1. Implied volatility suggests the market is anticipating a move near 3.6%, or 38c, after results are released. Median move over the past eight quarters is 4.2%.

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CMRE Costamare
$10.59 /

+0.1 (+0.95%)

CMRE Costamare
$10.59 /

+0.1 (+0.95%)

09/28/20 Citi
Costamare upgraded to Buy from Sell at Citi
07/21/20 Stifel
Costamare upgraded to Buy from Hold at Stifel
CMRE Costamare
$10.59 /

+0.1 (+0.95%)

Hot Stocks
Costamare announce acquisition of the York Capital majority interest in 5 TEUs » 07:39
04/26/21
04/26
07:39
04/26/21
07:39
CMRE

Costamare

$9.74 /

-0.015 (-0.15%)

Costamare announced the…

Costamare announced the acquisition of York Capital's 60% equity interest, on average, in five 11,000 TEU containerships, four of which were built in 2017 and one of which was built in 2016. The acquisition brings the company's ownership interest in these five vessels to 100%. The five vessels were initially contracted as new buildings in 2013 and 2015 under the joint venture with York Capital. The vessels currently operate under long-term charters, with four of them expiring in 2031 and the fifth one in 2025. The acquisition has been funded with cash at hand and commercial bank debt provided by leading European and U.S. financial institutions with tenors of up to 10 years. Gregory Zikos, CFO of the company, said: "We are pleased with the conclusion of the transaction with York Capital, which underscores our excellent relationship. The deal provides a successful exit path in this investment for our partner. At the same time, the joint venture continues to own another five vessels and our relationship is ongoing. The vessels acquired provide us with incremental contracted revenues of approximately $335M and have a TEU-weighted average time charter duration of 8.9 years."

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CMRE Costamare
$9.74 /

-0.015 (-0.15%)

CMRE Costamare
$9.74 /

-0.015 (-0.15%)

09/28/20 Citi
Costamare upgraded to Buy from Sell at Citi
07/21/20 Stifel
Costamare upgraded to Buy from Hold at Stifel
CMRE Costamare
$9.74 /

-0.015 (-0.15%)

Conference/Events
Deutsche Bank to hold a virtual summit » 11:02
03/04/21
03/04
11:02
03/04/21
11:02
ASC

Ardmore Shipping

$4.33 /

+0.03 (+0.70%)

, CMRE

Costamare

$10.11 /

+0.05 (+0.50%)

, DHT

DHT Holdings

$5.91 /

+0.02 (+0.34%)

, DSX

Diana Shipping

$2.87 /

-0.1 (-3.37%)

, EGLE

Eagle Bulk Shipping

$30.79 /

-0.12 (-0.39%)

, EURN

Euronav NV

$9.04 /

-0.185 (-2.01%)

, FRO

Frontline

$7.25 /

-0.115 (-1.56%)

, GLOP

GasLog Partners

$2.93 /

-0.08 (-2.66%)

, GNK

Genco Shipping

$11.02 /

-0.26 (-2.30%)

, GLNG

Golar LNG

$10.74 /

-0.02 (-0.19%)

, INSW

International Seaways

$18.07 /

-0.71 (-3.78%)

, NM

Navios Maritime

$7.00 /

-0.07 (-0.99%)

, NNA

Navios Acquisition

$3.90 /

+0.01 (+0.26%)

, STNG

Scorpio Tankers

$16.64 /

-0.53 (-3.09%)

, SBLK

Star Bulk Carriers

$13.76 /

-0.41 (-2.89%)

, TRTN

Triton International

$58.26 /

-0.85 (-1.44%)

, TNP

TEN, Ltd.

$9.28 /

-0.12 (-1.28%)

2021 Shipping Virtual…

2021 Shipping Virtual Summit will be held on March 4. Webcast Link

ShowHide Related Items >><<
TRTN Triton International
$58.26 /

-0.85 (-1.44%)

TNP TEN, Ltd.
$9.28 /

-0.12 (-1.28%)

STNG Scorpio Tankers
$16.64 /

-0.53 (-3.09%)

SBLK Star Bulk Carriers
$13.76 /

-0.41 (-2.89%)

NNA Navios Acquisition
$3.90 /

+0.01 (+0.26%)

NM Navios Maritime
$7.00 /

-0.07 (-0.99%)

INSW International Seaways
$18.07 /

-0.71 (-3.78%)

GNK Genco Shipping
$11.02 /

-0.26 (-2.30%)

GLOP GasLog Partners
$2.93 /

-0.08 (-2.66%)

GLNG Golar LNG
$10.74 /

-0.02 (-0.19%)

FRO Frontline
$7.25 /

-0.115 (-1.56%)

EGLE Eagle Bulk Shipping
$30.79 /

-0.12 (-0.39%)

DSX Diana Shipping
$2.87 /

-0.1 (-3.37%)

DHT DHT Holdings
$5.91 /

+0.02 (+0.34%)

CMRE Costamare
$10.11 /

+0.05 (+0.50%)

ASC Ardmore Shipping
$4.33 /

+0.03 (+0.70%)

ASC Ardmore Shipping
$4.33 /

+0.03 (+0.70%)

01/29/21 Jefferies
Ardmore Shipping price target lowered to $5.50 from $6 at Jefferies
10/26/20 Pareto
Ardmore Shipping downgraded to Hold from Buy at Pareto
06/02/20 Fearnley
Ardmore Shipping downgraded to Sell from Hold at Fearnley
05/05/20 Pareto
Ardmore Shipping downgraded to Hold from Buy at Pareto
CMRE Costamare
$10.11 /

+0.05 (+0.50%)

09/28/20 Citi
Costamare upgraded to Buy from Sell at Citi
07/21/20 Stifel
Costamare upgraded to Buy from Hold at Stifel
DHT DHT Holdings
$5.91 /

+0.02 (+0.34%)

06/18/20
Fly Intel: Top five analyst downgrades
06/18/20 Stifel
DHT Holdings downgraded to Hold from Buy at Stifel
06/02/20 Fearnley
DHT Holdings downgraded to Hold from Buy at Fearnley
05/28/20 DNB Markets
DHT Holdings upgraded to Buy from Hold at DNB Markets
DSX Diana Shipping
$2.87 /

-0.1 (-3.37%)

02/23/21 Clarksons Platou
Diana Shipping price target raised to $5 from $3 at Clarksons Platou
02/23/21 Pareto
Diana Shipping downgraded to Sell from Hold at Pareto
02/08/21 BTIG
Diana Shipping initiated with a Buy at BTIG
02/01/21 Stifel
Diana Shipping upgraded to Buy from Hold at Stifel
EGLE Eagle Bulk Shipping
$30.79 /

-0.12 (-0.39%)

02/08/21 BTIG
Eagle Bulk Shipping initiated with a Buy at BTIG
01/29/21 Jefferies
Eagle Bulk Shipping price target raised to $25 from $21 at Jefferies
01/20/21 B. Riley
Eagle Bulk Shipping price target lowered to $27.25 from $31.50 at B. Riley
12/24/20 Noble Capital
Eagle Bulk Shipping price target lowered to $30 from $32.50 at Noble Capital
EURN Euronav NV
$9.04 /

-0.185 (-2.01%)

01/08/21 BTIG
Euronav NV upgraded to Buy from Neutral at BTIG
10/21/20 BTIG
Euronav NV downgraded to Neutral from Buy at BTIG
09/21/20 JonesTrading
Euronav NV initiated with a Buy at JonesTrading
06/02/20 Fearnley
Euronav NV downgraded to Hold from Buy at Fearnley
FRO Frontline
$7.25 /

-0.115 (-1.56%)

02/22/21
Fly Intel: Top five analyst downgrades
02/22/21 Jefferies
Frontline downgraded to Hold on valuation after earnings miss at Jefferies
02/22/21 Jefferies
Frontline downgraded to Hold from Buy at Jefferies
02/19/21 Evercore ISI
Frontline upgraded to In Line from Underperform at Evercore ISI
GLOP GasLog Partners
$2.93 /

-0.08 (-2.66%)

02/23/21 B. Riley
GasLog Partners price target raised to $3.75 from $3.25 at B. Riley Securities
01/29/21 Jefferies
GasLog Partners price target raised to $4 from $3.25 at Jefferies
11/11/20 B. Riley
GasLog Partners price target lowered to $3.25 from $4.50 at B. Riley Securities
04/30/20 BTIG
GasLog Partners cut to Neutral at BTIG on valuation
GNK Genco Shipping
$11.02 /

-0.26 (-2.30%)

02/26/21 B. Riley
Genco Shipping price target raised to $14 from $11 at B. Riley Securities
01/29/21 Jefferies
Genco Shipping price target raised to $11 from $9 at Jefferies
07/29/20 DNB Markets
Genco Shipping upgraded to Buy from Hold at DNB Markets
03/09/20 DNB Markets
Genco Shipping downgraded to Hold from Buy at DNB Markets
GLNG Golar LNG
$10.74 /

-0.02 (-0.19%)

03/01/21 Citi
Golar LNG resumed with a Neutral at Citi
01/29/21 Jefferies
Golar LNG price target raised to $17 from $15 at Jefferies
01/14/21 B. Riley
Golar LNG price target raised to $20.50 from $13 at B. Riley Securities
01/13/21 Stifel
Golar LNG's Hydro sale helps financing issues, says Stifel
INSW International Seaways
$18.07 /

-0.71 (-3.78%)

01/29/21 Jefferies
International Seaways price target lowered to $24 from $26 at Jefferies
10/21/20 BTIG
International Seaways downgraded to Neutral from Buy at BTIG
06/04/20 Pareto
International Seaways downgraded to Hold from Buy at Pareto
06/02/20 Fearnley
International Seaways downgraded to Sell from Buy at Fearnley
NM Navios Maritime
$7.00 /

-0.07 (-0.99%)

NNA Navios Acquisition
$3.90 /

+0.01 (+0.26%)

12/02/20 Citi
Navios Acquisition price target lowered to $3.75 from $4.25 at Citi
STNG Scorpio Tankers
$16.64 /

-0.53 (-3.09%)

02/19/21 B. Riley
Scorpio Tankers price target lowered to $35 from $40 at B. Riley Securities
02/18/21 Deutsche Bank
Scorpio Tankers downgraded to Hold at Deutsche Bank on 'weak' governance
02/18/21 Deutsche Bank
Scorpio Tankers downgraded to Hold from Buy at Deutsche Bank
01/29/21 Jefferies
Scorpio Tankers price target lowered to $18 from $20 at Jefferies
SBLK Star Bulk Carriers
$13.76 /

-0.41 (-2.89%)

01/29/21 Jefferies
Star Bulk Carriers price target raised to $13 from $10 at Jefferies
12/01/20 Pareto
Star Bulk Carriers downgraded to Hold from Buy at Pareto
07/29/20 DNB Markets
Star Bulk Carriers upgraded to Buy from Hold at DNB Markets
05/27/20 Stifel
Star Bulk has balance sheet to 'weather the storm,' says Stifel
TRTN Triton International
$58.26 /

-0.85 (-1.44%)

02/17/21 B. Riley
Triton International price target raised to $63 from $56 at B. Riley Securities
01/19/21 B. Riley
Triton, Textainer, CAI boosted by 'containergeddon,' says B. Riley Securities
12/09/20
Fly Intel: Top five analyst initiations
12/09/20 B. Riley
Triton initiated with a Buy, $56 target at B. Riley Securities
TNP TEN, Ltd.
$9.28 /

-0.12 (-1.28%)

01/29/21 Jefferies
TEN, Ltd. price target lowered to $11 from $12 at Jefferies
06/18/20 Stifel
TEN, Ltd. downgraded to Hold from Buy at Stifel
TRTN Triton International
$58.26 /

-0.85 (-1.44%)

TNP TEN, Ltd.
$9.28 /

-0.12 (-1.28%)

STNG Scorpio Tankers
$16.64 /

-0.53 (-3.09%)

SBLK Star Bulk Carriers
$13.76 /

-0.41 (-2.89%)

NNA Navios Acquisition
$3.90 /

+0.01 (+0.26%)

NM Navios Maritime
$7.00 /

-0.07 (-0.99%)

INSW International Seaways
$18.07 /

-0.71 (-3.78%)

GNK Genco Shipping
$11.02 /

-0.26 (-2.30%)

GLOP GasLog Partners
$2.93 /

-0.08 (-2.66%)

GLNG Golar LNG
$10.74 /

-0.02 (-0.19%)

FRO Frontline
$7.25 /

-0.115 (-1.56%)

EGLE Eagle Bulk Shipping
$30.79 /

-0.12 (-0.39%)

DSX Diana Shipping
$2.87 /

-0.1 (-3.37%)

DHT DHT Holdings
$5.91 /

+0.02 (+0.34%)

CMRE Costamare
$10.11 /

+0.05 (+0.50%)

ASC Ardmore Shipping
$4.33 /

+0.03 (+0.70%)

  • 18
    Dec
  • 03
    Dec
  • 01
    Oct
GLNG Golar LNG
$10.74 /

-0.02 (-0.19%)

SBLK Star Bulk Carriers
$13.76 /

-0.41 (-2.89%)

GLOP GasLog Partners
$2.93 /

-0.08 (-2.66%)

GLNG Golar LNG
$10.74 /

-0.02 (-0.19%)

DHT DHT Holdings
$5.91 /

+0.02 (+0.34%)

STNG Scorpio Tankers
$16.64 /

-0.53 (-3.09%)

FRO Frontline
$7.25 /

-0.115 (-1.56%)

Earnings
Costamare reports Q4 EPS 27c, consensus 25c » 16:52
02/01/21
02/01
16:52
02/01/21
16:52
CMRE

Costamare

$8.43 /

+0.43 (+5.38%)

Reports liquidity of…

Reports liquidity of $209.8M as of the end of Q4 2020, including share of cash amounting to $17.9M held in companies co-owned with York Capital Management Global Advisors and an affiliated fund .

ShowHide Related Items >><<
CMRE Costamare
$8.43 /

+0.43 (+5.38%)

CMRE Costamare
$8.43 /

+0.43 (+5.38%)

09/28/20 Citi
Costamare upgraded to Buy from Sell at Citi
07/21/20 Stifel
Costamare upgraded to Buy from Hold at Stifel
Hot Stocks
Costamare announces availability of first ESG report » 08:41
12/04/20
12/04
08:41
12/04/20
08:41
CMRE

Costamare

$7.29 /

+0.06 (+0.83%)

Costamare announced…

Costamare announced availability of its first Environmental, Social, and Governance report, for the year ended December 31, 2019. The shipping industry is subject to strict regulations imposed by governmental authorities and regulatory agencies relating to ESG. For many years, and irrespective of the applicable regulations at any given point in time, we have been taking measures and adopting strict internal standards to protect the environment and safeguard the working conditions of our employees. The ESG Report provides valuable insight to investors and other stakeholders into the Company's operations during 2019, our current ESG policies and performance.

ShowHide Related Items >><<
CMRE Costamare
$7.29 /

+0.06 (+0.83%)

CMRE Costamare
$7.29 /

+0.06 (+0.83%)

09/28/20 Citi
Costamare upgraded to Buy from Sell at Citi
07/21/20 Stifel
Costamare upgraded to Buy from Hold at Stifel
CMRE Costamare
$7.29 /

+0.06 (+0.83%)

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