Volatile shipping stocks have rebounded amid global geopolitical tensions, with the shipping sector$Marine Shipping(LIST2485.US)$soaring nearly 30% so far in 2024. In the latest trading session,$ZIM Integrated Shipping(ZIM.US)$closed at $17.59, marking a +8.31% move from the previous day. Shares of this container shipping company have appreciated by 78.22% since the start of 2024. $Navios Maritime(NMM.US)$and$Golden Ocean(GOGL.US)$have also...
Optimism about SFL's future has surged following recent results, with a significant rise in earnings per share forecasts. Analysts suggest a clear improvement in sentiment around SFL's earnings potential next year, predicting it to outpace industry growth.
SFL Corporation Ltd.'s low P/E ratio may reflect shareholders' skepticism about its earnings forecasts. The company's market-matching earnings outlook isn't boosting its P/E as anticipated, hinting at potential unseen earnings threats.
Traders say the economic incentive to import oil from the U.S. Gulf Coast to Asia has closed, as the cost of booking supertankers on the route has surged, Reuters reported Wednesday. The freight rally has raised the premium for West Texas crude from the U.S. to more than $4/bbl against Dubai quotes on a cost-and-freight basis for April delivery from ~$2/bbl last week, traders said, reportedly pushing WTI to a premium of $1/bbl mo...
SFL appears to be getting more proficient at generating returns, and investors seem to expect more of this going forward. It's worth investigating what the management team has planned for long term growth prospects.