Initiating Research Reports on Shipping Equities — Costamare, Scorpio Tankers, Teekay, and Seanergy Maritime


Monaco-based Costamare Inc.’s stock finished Monday’s session 1.49% higher at $6.14. A total volume of 686,016 shares was traded, which was above their three months average volume of 662,040 shares. The Company’s shares have advanced 2.16% in the past month and 9.64% on an YTD basis. The stock is trading above its 50-day moving average by 0.01%. Furthermore, shares of Costamare, which owns and charters containerships to liner companies worldwide, have a Relative Strength Index (RSI) of 51.65.  

On October 24th, 2017, Costamare reported unaudited financial results for the three months ended September 30th, 2017. Voyage revenue for Q3 2017 was $101.3 million, voyage expenses were $0.4 million, and vessels’ operating expenses were $26.0 million. As of September 30th, 2017, the Company had a total cash liquidity of $233.7 million, consisting of cash, cash equivalents and restricted cash. Visit us today and access our complete research report on CMRE at:

Scorpio Tankers

Shares in Monaco-based Scorpio Tankers Inc. ended at $3.50, up 1.16% from the last trading session. The stock recorded a trading volume of 2.66 million shares. The Company’s shares are trading 2.69% below their 50-day moving average. Moreover, shares of Scorpio Tankers, which together with its subsidiaries, engages in the seaborne transportation of refined petroleum products worldwide, have an RSI of 47.53. The complimentary report on STNG can be downloaded at:


Hamilton, Bermuda-based Teekay Corp.’s stock ended yesterday’s session 6.42% higher at $8.45. A total volume of 928,565 shares was traded, which was above their three months average volume of 838,360 shares. The Company’s shares have advanced 5.23% on an YTD basis. The stock is trading 1.42% below its 200-day moving average. Additionally, shares of Teekay, which provides crude oil and gas marine transportation; offshore oil production; and storage and offloading services in Bermuda and internationally, have an RSI of 47.72.  

On November 01st, 2017, Teekay (TK), Teekay LNG Partners L.P., Teekay Offshore Partners L.P., and Teekay Tankers Ltd. announced plans to release their financial results for the third quarter of 2017 pre-market on November 09th, 2017, and host conference calls to discuss these results. The webcasts of the call will be available on TK’s website. Register for free on and access the latest research report on TK at:

Seanergy Maritime Holdings

On Monday, shares in Athens, Greece headquartered Seanergy Maritime Holdings Corp. recorded a trading volume of 3.19 million shares, which was above their three months average volume of 600,270 shares. The stock finished 15.84% higher at $1.17. The Company’s shares have advanced 1.74% in the last one month, 64.79% in the previous three months, and 1.74% since the start of this year. The stock is trading above its 50-day and 200-day moving averages by 4.39% and 26.02%, respectively. Furthermore, shares of the Company, which provides marine dry bulk transportation services through the ownership and operation of dry bulk vessels, have an RSI of 57.66. Get free access to your research report on SHIP at:

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