Quotidian Technical Highlights on Selected Shipping Stocks -- Seaspan, Star Bulk Carriers, Teekay Offshore Partners, and Top Ships

NEW YORK, March 13, 2018 /PRNewswire/ --

WallStEquities.com strives to bring the best free research to the investment community.  Today we are offering reports on SSW, SBLK, TOO, and TOPS which can be accessed for free by signing up to www.wallstequities.com/registration. In today's pre-market research, WallStEquities.com scans Seaspan Corp. SSW, Star Bulk Carriers Corp. SBLK, Teekay Offshore Partners L.P. TOO, and Top Ships Inc. TOPS. Shipping companies transport commodities, merchandise, and cargo by sea. They also own and operate vessels and offshore-related assets. All you have to do is sign up today for this free limited time offer by clicking the link below.

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Seaspan

On Monday, shares in Central, Hong Kong-based Seaspan Corp. recorded a trading volume of 3.56 million shares, which was above their three months average volume of 1.44 million shares. The stock ended at $5.66, declining 1.39% from the last trading session. The Company's shares are trading below their 200-day moving average by 14.70%. Furthermore, shares of Seaspan, which operates as an independent charter owner and manager of containerships in Hong Kong, have a Relative Strength Index (RSI) of 24.97. 

On March 06^th, 2018, Seaspan announced that its Form 20-F for the year ended December 31^st, 2017, has been filed with the Securities and Exchange Commission and is accessible free of charge on Seaspan's website. Get the full research report on SSW for free by clicking below at: www.wallstequities.com/registration/?symbol=SSW

Star Bulk Carriers

Maroussi, Greece-based Star Bulk Carriers Corp.'s stock finished yesterday's session 2.83% higher at $13.07. A total volume of 582,736 shares was traded, which was above their three months average volume of 448,970 shares. The Company's shares have gained 25.55% in the last month, 22.72% over the previous three months, and 33.23% over the past year. The stock is trading above its 50-day and 200-day moving averages by 11.15% and 24.80%, respectively. Furthermore, shares of Star Bulk Carriers, which engages in the ocean transportation of dry bulk cargoes worldwide, have an RSI of 67.14.

On February 27^th, 2018, Star Bulk Carriers announced its unaudited results for Q4 and year ended December 31^st, 2017. For Q4 2017, operating income was $37.2 million; net income was $23.9 million; and adjusted EBITDA, which excludes all non-cash items, was $55.7 million. For the full year 2017, operating income was $38.8 million; net loss was $9.8 million; and adjusted EBITDA, which excludes all non-cash items, was $128.0 million.

On March 01^st, 2018, research firm Stifel reiterated its 'Hold' rating on the Company's stock with an increase of the target price from $11 a share to $12 a share. The free technical report on SBLK can be accessed at: www.wallstequities.com/registration/?symbol=SBLK

Teekay Offshore Partners

On Monday, shares in Hamilton, Bermuda headquartered Teekay Offshore Partners L.P. rose 2.77%, ending the day at $2.60. The stock recorded a trading volume of 250,822 shares. The Company's shares have advanced 16.07% in the last month and 16.59% in the previous three months. The stock is trading 1.26% and 2.77% above its 50-day and 200-day moving averages, respectively. Moreover, shares of the Company, which provides marine transportation, oil production, storage, long-distance towing, offshore installation and maintenance, and safety services to the energy and oil service companies in the North Sea, Brazil, and the East Coast of Canada, have an RSI of 53.04. 

On February 22^nd, 2018, Teekay Offshore GP LLC, the general partner of Teekay Offshore Partners, reported the latter's results for the quarter and year ended December 31^st, 2017. For Q4 2017, GAAP net income attributable to the partners and preferred unitholders was $15.4 million, and distributable cash flow was $34.4 million. For the full year 2017, GAAP net loss attributable to the partners and preferred unitholders was $(303.2) million, and distributable cash flow was $105.7 million. Sign up for free on Wall St. Equities and claim the latest report on TOO at: www.wallstequities.com/registration/?symbol=TOO

Top Ships

Maroussi, Greece-based Top Ships Inc.'s shares ended the day 9.72% higher at $0.20. A total volume of 27.90 million shares was traded, which was above their three months average volume of 12.93 million shares. The stock is trading 5.12% below its 50-day moving average. Additionally, shares of Top Ships, which provides seaborne transportation services worldwide, have an RSI of 55.38. See the free research coverage on TOPS at: www.wallstequities.com/registration/?symbol=TOPS

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