Breaking News

Over a week ago
Show Full Stories

X

To view all stories in expanded form, please subscribe.
Send Info
Hot Stocks
Scorpio Bulkers falls -15.5% » 10:00
05/11/20
05/11
10:00
05/11/20
10:00
SALT

Scorpio Bulkers

$17.00 /

-3.11 (-15.46%)

Scorpio Bulkers is down…

Scorpio Bulkers is down -15.5%, or -$3.10 to $16.96.

ShowHide Related Items >><<
SALT Scorpio Bulkers
$17.00 /

-3.11 (-15.46%)

04/20/20 BTIG
Scorpio Bulkers, Golden Ocean price targets cut at BTIG
02/04/20 Pareto
Scorpio Bulkers upgraded to Buy from Hold at Pareto
01/28/20 B. Riley FBR
Scorpio Bulkers price target lowered to $6.50 from $9.50 at B. Riley FBR
01/27/20 Fearnley
Scorpio Bulkers downgraded to Hold from Buy at Fearnley
Earnings
Scorpio Bulkers reports Q1 adj. EPS ($15.65), consensus ($2.02) » 08:33
05/11/20
05/11
08:33
05/11/20
08:33
SALT

Scorpio Bulkers

$20.11 /

+1.255 (+6.66%)

Reports Q1 revenue…

Reports Q1 revenue $40.8M, consensus $46.42M. Emanuele A. Lauro, Chairman and Chief Executive Officer, commented "Our first priority is to ensure the safety of our seafarers and shore staff during the COVID-19 pandemic. Beyond that, we have strengthened our balance sheet by vessel sales and sale leasebacks, we have reduced our capital expenditures by adjusting our scrubber installation schedule, we have reduced our quarterly cash dividend, and we have sold a portion of our shareholding in Scorpio Tankers for net proceeds amounting to $42.7 million. At present, we do not expect to sell any more vessels beyond those assets previously announced as held for sale. We expect to retain our remaining holding of 2.16 million shares in Scorpio Tankers. While the dry bulk market is weak at present, we are confident that rates will strengthen over the remainder of the year and have not hedged or time chartered any of our forward days. We are optimistic about the future of our Company."

ShowHide Related Items >><<
SALT Scorpio Bulkers
$20.11 /

+1.255 (+6.66%)

04/20/20 BTIG
Scorpio Bulkers, Golden Ocean price targets cut at BTIG
02/04/20 Pareto
Scorpio Bulkers upgraded to Buy from Hold at Pareto
01/28/20 B. Riley FBR
Scorpio Bulkers price target lowered to $6.50 from $9.50 at B. Riley FBR
01/27/20 Fearnley
Scorpio Bulkers downgraded to Hold from Buy at Fearnley
Over a month ago
Recommendations
Scorpio Bulkers, Golden Ocean price targets cut at BTIG » 07:39
04/20/20
04/20
07:39
04/20/20
07:39
SALT

Scorpio Bulkers

$20.87 /

+0.71 (+3.52%)

, GOGL

Golden Ocean

$3.82 /

+0.205 (+5.68%)

BTIG analyst Gregory…

BTIG analyst Gregory Lewis lowers his price target on Scorpio Bulkers (SALT) to $40 from $90 and on Golden Ocean (GOGL) to $6 from $10 as part of its broader research note, stating that while the Baltic Dry Index has risen 24% over the past 2 weeks, charter rates are barely above cash operating expenses. The analyst keeps his Buy rating on both names however, noting that with a catch-up trade coming in iron ore and vessel scrapping picking up, he sees risk-reward in the stocks as skewed to the upside.

ShowHide Related Items >><<
SALT Scorpio Bulkers
$20.87 /

+0.71 (+3.52%)

02/04/20 Pareto
Scorpio Bulkers upgraded to Buy from Hold at Pareto
01/28/20 B. Riley FBR
Scorpio Bulkers price target lowered to $6.50 from $9.50 at B. Riley FBR
01/27/20 Fearnley
Scorpio Bulkers downgraded to Hold from Buy at Fearnley
11/13/19 Pareto
Scorpio Bulkers downgraded to Hold from Buy at Pareto
GOGL Golden Ocean
$3.82 /

+0.205 (+5.68%)

02/19/20
Fly Intel: Top five analyst upgrades
02/19/20 Pareto
Golden Ocean upgraded to Hold from Sell at Pareto
01/27/20 Fearnley
Golden Ocean downgraded to Hold from Buy at Fearnley
01/23/20 Pareto
Golden Ocean downgraded to Sell from Buy at Pareto
Hot Stocks
Scorpio Bulkers announces one for ten reverse stock split » 16:16
04/03/20
04/03
16:16
04/03/20
16:16
SALT

Scorpio Bulkers

$1.88 /

-0.205 (-9.83%)

Scorpio Bulkers announced…

Scorpio Bulkers announced that its board of directors has determined to effect a one-for-ten reverse stock split of the company's common shares, par value $0.01 per share, and a reduction in the total number of authorized common shares to 31,875,000 shares. The company's shareholders approved the reverse stock split and change in authorized common shares at the company's annual general meeting of shareholders held on April 3, 2020. The reverse stock split will take effect, and the company's common shares will begin trading on a split-adjusted basis on the New York Stock Exchange as of the opening of trading on April 7, 2020.

ShowHide Related Items >><<
SALT Scorpio Bulkers
$1.88 /

-0.205 (-9.83%)

02/04/20 Pareto
Scorpio Bulkers upgraded to Buy from Hold at Pareto
01/28/20 B. Riley FBR
Scorpio Bulkers price target lowered to $6.50 from $9.50 at B. Riley FBR
01/27/20 Fearnley
Scorpio Bulkers downgraded to Hold from Buy at Fearnley
11/13/19 Pareto
Scorpio Bulkers downgraded to Hold from Buy at Pareto
Conference/Events
Deutsche Bank to host a virtual summit » 08:33
04/02/20
04/02
08:33
04/02/20
08:33
ASC

Ardmore Shipping

$5.17 /

-0.04 (-0.77%)

, CMRE

Costamare

$4.34 /

-0.165 (-3.67%)

, CPLP

Capital Product

$6.85 /

-0.3 (-4.20%)

, DSX

Diana Shipping

$1.35 /

-0.11 (-7.53%)

, EGLE

Eagle Bulk Shipping

$1.82 /

-0.03 (-1.63%)

, EURN

Euronav NV

$11.00 /

-0.285 (-2.53%)

, GLOG

GasLog

$3.51 /

-0.1 (-2.77%)

, GNK

Genco Shipping

$5.86 /

-0.48 (-7.57%)

, INSW

International Seaways

$23.42 /

-0.44 (-1.84%)

, LPG

Dorian LPG

$8.42 /

-0.28 (-3.22%)

, NM

Navios Maritime

$2.20 /

+ (+0.00%)

, NMM

Navios Maritime Partners

$4.98 /

-0.36 (-6.74%)

, NNA

Navios Acquisition

$4.87 /

+0.06 (+1.25%)

, SALT

Scorpio Bulkers

$2.18 /

-0.375 (-14.71%)

, SB

Safe Bulkers

$1.07 /

-0.05 (-4.46%)

, SBLK

Star Bulk Carriers

$5.71 /

+0.11 (+1.96%)

, SFL

Ship Finance

$9.19 /

-0.24 (-2.55%)

, STNG

Scorpio Tankers

$19.41 /

+0.26 (+1.36%)

, TK

Teekay Corp.

$3.09 /

-0.04 (-1.28%)

, TNP

TEN, Ltd.

$3.03 /

-0.22 (-6.77%)

, TOO

Changed to ALIN

$0.00 /

+ (+0.00%)

, ALIN

Altera Infrastructure

$0.00 /

+ (+0.00%)

7th Annual Shipping…

7th Annual Shipping Virtual Summit will be held on April 2. Webcast Link

ShowHide Related Items >><<
ASC Ardmore Shipping
$5.17 /

-0.04 (-0.77%)

01/23/20 Stifel
Ardmore Shipping upgraded to Buy from Hold at Stifel
11/05/19 Fearnley
Ardmore Shipping downgraded to Hold from Buy at Fearnley
10/17/19 Stifel
Ardmore Shipping downgraded to Hold from Buy at Stifel
06/28/19 Pareto
Ardmore Shipping upgraded to Buy from Hold at Pareto
CMRE Costamare
$4.34 /

-0.165 (-3.67%)

11/01/19 Citi
Costamare downgraded to Sell from Neutral at Citi
10/24/19 B. Riley FBR
Strong Costamare results a good sign for Global Ship Lease, says B. Riley FBR
CPLP Capital Product
$6.85 /

-0.3 (-4.20%)

04/03/19 B. Riley FBR
Diamond S Shipping initiated with a Buy at B. Riley FBR
DSX Diana Shipping
$1.35 /

-0.11 (-7.53%)

04/01/20 Pareto
Diana Shipping upgraded to Hold from Sell at Pareto
EGLE Eagle Bulk Shipping
$1.82 /

-0.03 (-1.63%)

03/09/20 DNB Markets
Eagle Bulk Shipping downgraded to Hold from Buy at DNB Markets
01/27/20 Fearnley
Eagle Bulk Shipping downgraded to Hold from Buy at Fearnley
09/03/19 Jefferies
Eagle Bulk Shipping initiated with a Buy at Jefferies
EURN Euronav NV
$11.00 /

-0.285 (-2.53%)

03/09/20 DNB Markets
Euronav NV downgraded to Hold from Buy at DNB Markets
01/09/20 Deutsche Bank
Deutsche Bank adds Euronav NV as 'Catalyst Call Buy'
11/05/19 BTIG
BTIG raises price targets on tanker shipping names
10/18/19 Evercore ISI
Frontline, Nordic American Tankers upgraded at Evercore ISI
GLOG GasLog
$3.51 /

-0.1 (-2.77%)

03/31/20 Pareto
GasLog upgraded to Hold from Sell at Pareto
03/09/20 DNB Markets
GasLog downgraded to Hold from Buy at DNB Markets
02/07/20 Citi
GasLog Partners downgraded to Neutral from Buy at Citi
02/07/20 Citi
GasLog downgraded to Neutral from Buy at Citi
GNK Genco Shipping
$5.86 /

-0.48 (-7.57%)

03/09/20 DNB Markets
Genco Shipping downgraded to Hold from Buy at DNB Markets
01/27/20 Fearnley
Genco Shipping downgraded to Hold from Buy at Fearnley
INSW International Seaways
$23.42 /

-0.44 (-1.84%)

03/04/20 B. Riley FBR
International Seaways upgraded to Buy from Neutral at B. Riley FBR
01/08/20 B. Riley FBR
B. Riley FBR sees another strong year for tanker stocks in 2020
10/11/19 BTIG
International Seaways initiated with a Buy rating at BTIG
LPG Dorian LPG
$8.42 /

-0.28 (-3.22%)

03/09/20 DNB Markets
Dorian LPG downgraded to Hold from Buy at DNB Markets
02/05/20 Fearnley
Dorian LPG downgraded to Hold from Buy at Fearnley
12/19/19 Evercore ISI
Dorian LPG initiated with an Outperform at Evercore ISI
10/14/19 DNB Markets
Dorian LPG upgraded to Buy from Hold at DNB Markets
NM Navios Maritime
$2.20 /

+ (+0.00%)

NMM Navios Maritime Partners
$4.98 /

-0.36 (-6.74%)

01/27/20 Fearnley
Navios Maritime Partners downgraded to Hold from Buy at Fearnley
09/20/19 Citi
Navios Maritime Partners resumed with a Neutral at Citi
NNA Navios Acquisition
$4.87 /

+0.06 (+1.25%)

SALT Scorpio Bulkers
$2.18 /

-0.375 (-14.71%)

02/04/20 Pareto
Scorpio Bulkers upgraded to Buy from Hold at Pareto
01/28/20 B. Riley FBR
Scorpio Bulkers price target lowered to $6.50 from $9.50 at B. Riley FBR
01/27/20 Fearnley
Scorpio Bulkers downgraded to Hold from Buy at Fearnley
11/13/19 Pareto
Scorpio Bulkers downgraded to Hold from Buy at Pareto
SB Safe Bulkers
$1.07 /

-0.05 (-4.46%)

SBLK Star Bulk Carriers
$5.71 /

+0.11 (+1.96%)

03/09/20 DNB Markets
Star Bulk Carriers downgraded to Hold from Buy at DNB Markets
02/20/20 Fearnley
Star Bulk Carriers upgraded to Buy from Hold at Fearnley
01/27/20 Fearnley
Star Bulk Carriers downgraded to Hold from Buy at Fearnley
11/13/19 Pareto
Star Bulk Carriers downgraded to Hold from Buy at Pareto
SFL Ship Finance
$9.19 /

-0.24 (-2.55%)

03/09/20 DNB Markets
Ship Finance downgraded to Hold from Buy at DNB Markets
STNG Scorpio Tankers
$19.41 /

+0.26 (+1.36%)

03/30/20 Fearnley
Scorpio Tankers downgraded to Hold from Buy at Fearnley
03/20/20 BTIG
Scorpio Tankers price target lowered to $30 from $45 at BTIG
03/09/20 DNB Markets
Scorpio Tankers downgraded to Hold from Buy at DNB Markets
03/09/20 Stifel
Scorpio Tankers upgraded to Buy from Hold at Stifel
TK Teekay Corp.
$3.09 /

-0.04 (-1.28%)

10/02/19
Teekay Corp. Investor Day has been postponed
TNP TEN, Ltd.
$3.03 /

-0.22 (-6.77%)

04/24/19 Stifel
U.S. sanctions on Iran could benefit crude tankers, says Stifel
TOO Changed to ALIN
$0.00 /

+ (+0.00%)

ALIN Altera Infrastructure
$0.00 /

+ (+0.00%)

Hot Stocks
Scorpio Bulkers to sell three vessels in combined $53.5M deal » 16:49
03/10/20
03/10
16:49
03/10/20
16:49
SALT

Scorpio Bulkers

$2.77 /

+0.34 (+14.02%)

Scorpio Bulkers announced…

Scorpio Bulkers announced that the company has entered into agreements with unaffiliated third parties to sell the SBI Jaguar and SBI Taurus, 2014 and 2015 built Ultramax vessels, respectively, and the SBI Bolero, a 2015 built Kamsarmax vessel, for approximately $53.5M in aggregate. None of the three vessels have been fitted with scrubbers. Delivery of the vessels is expected to take place between March and May of 2020. It is estimated that the company's liquidity will increase by approximately $18.3M after the repayment of outstanding debt.

ShowHide Related Items >><<
SALT Scorpio Bulkers
$2.77 /

+0.34 (+14.02%)

02/04/20 Pareto
Scorpio Bulkers upgraded to Buy from Hold at Pareto
01/28/20 B. Riley FBR
Scorpio Bulkers price target lowered to $6.50 from $9.50 at B. Riley FBR
01/27/20 Fearnley
Scorpio Bulkers downgraded to Hold from Buy at Fearnley
11/13/19 Pareto
Scorpio Bulkers downgraded to Hold from Buy at Pareto
Over a quarter ago
Hot Stocks
Scorpio Bulkers to sell, leaseback three vessels to Ocean Yield for $62.8M » 16:19
02/12/20
02/12
16:19
02/12/20
16:19
SALT

Scorpio Bulkers

$4.00 /

+0.235 (+6.24%)

Scorpio Bulkers announced…

Scorpio Bulkers announced that it has agreed to sell and leaseback two Ultramax vessels, or SBI Cronos and SBI Achilles, and one Kamsarmax vessel, or SBI Lynx, to Ocean Yield ASA for a total financing consideration of $62.8M. Upon completion, which is estimated to take place in the first quarter of 2020, the company's liquidity is expected to increase by up to $33.6M after the repayment of outstanding debt. The company will also be able to drawdown on an additional tranche of up to $4.5M in aggregate for installation of exhaust gas cleaning systems on the three vessels. As part of the agreements, the company will bareboat charter-in the SBI Cronos for a period of nine years, the SBI Achilles for a period of ten years and the SBI Lynx for a period of twelve years. In addition, the company has several purchase options during the charter period of each agreement. There is also a purchase option for each vessel upon the expiration of each agreement.

ShowHide Related Items >><<
SALT Scorpio Bulkers
$4.00 /

+0.235 (+6.24%)

02/04/20 Pareto
Scorpio Bulkers upgraded to Buy from Hold at Pareto
01/28/20 B. Riley FBR
Scorpio Bulkers price target lowered to $6.50 from $9.50 at B. Riley FBR
01/27/20 Fearnley
Scorpio Bulkers downgraded to Hold from Buy at Fearnley
11/13/19 Pareto
Scorpio Bulkers downgraded to Hold from Buy at Pareto
Hot Stocks
Scorpio Bulkers rises 9.0% » 09:47
02/12/20
02/12
09:47
02/12/20
09:47
SALT

Scorpio Bulkers

$4.06 /

+0.295 (+7.84%)

Scorpio Bulkers is up…

Scorpio Bulkers is up 9.0%, or 34c to $4.10.

ShowHide Related Items >><<
SALT Scorpio Bulkers
$4.06 /

+0.295 (+7.84%)

02/04/20 Pareto
Scorpio Bulkers upgraded to Buy from Hold at Pareto
01/28/20 B. Riley FBR
Scorpio Bulkers price target lowered to $6.50 from $9.50 at B. Riley FBR
01/27/20 Fearnley
Scorpio Bulkers downgraded to Hold from Buy at Fearnley
11/13/19 Pareto
Scorpio Bulkers downgraded to Hold from Buy at Pareto
Hot Stocks
Scorpio Bulkers president purchases approximately $900,000 in call options » 16:24
02/11/20
02/11
16:24
02/11/20
16:24
SALT

Scorpio Bulkers

$3.77 /

+0.235 (+6.66%)

Scorpio Bulkers announced…

Scorpio Bulkers announced that between January 31 and February 10 the president of the company, Robert Bugbee, purchased call options on 730,000 common shares of the company with a strike price of $3.00 and an expiration of December 2020 for the consideration of approximately $900,000.

ShowHide Related Items >><<
SALT Scorpio Bulkers
$3.77 /

+0.235 (+6.66%)

02/04/20 Pareto
Scorpio Bulkers upgraded to Buy from Hold at Pareto
01/28/20 B. Riley FBR
Scorpio Bulkers price target lowered to $6.50 from $9.50 at B. Riley FBR
01/27/20 Fearnley
Scorpio Bulkers downgraded to Hold from Buy at Fearnley
11/13/19 Pareto
Scorpio Bulkers downgraded to Hold from Buy at Pareto
Upgrade
Scorpio Bulkers upgraded to Buy from Hold at Pareto » 12:56
02/04/20
02/04
12:56
02/04/20
12:56
SALT

Scorpio Bulkers

$3.64 /

-0.1 (-2.67%)

Pareto analyst Eirik…

Pareto analyst Eirik Haavaldsen upgraded Scorpio Bulkers to Buy from Hold with a price target of $5, down from $5.60. With the shares down 40%, the near-term outlook for drybulk markets is now priced in, Haavaldsen tells investors in a research note.

ShowHide Related Items >><<
SALT Scorpio Bulkers
$3.64 /

-0.1 (-2.67%)

01/28/20 B. Riley FBR
Scorpio Bulkers price target lowered to $6.50 from $9.50 at B. Riley FBR
01/27/20 Fearnley
Scorpio Bulkers downgraded to Hold from Buy at Fearnley
11/13/19 Pareto
Scorpio Bulkers downgraded to Hold from Buy at Pareto
07/10/19 BTIG
Scorpio Bulkers price target raised to $9 from $8 at BTIG

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.