Vote of confidence in listed Greek shipping companies interests gives the market, with the “N” survey reflecting the positive messages, as international financial houses recommend a strong buy recommendation for most companies.
More specifically, from the data published by NASDAQ for the 27 Greek shipping interests listed on both New York Stock Exchanges (NYSE and NASDAQ), a “Buy” or “Strong Buy” rating results for 21 of them.
According to the same data, shares are positively affected by the high profitability recorded in the first half of this year, while the total capitalization of the “27” on the American stock market exceeds 15 billion dollars, registering an increase of almost 60%. annually.
At the same time, according to analysts, the vast majority of listed companies present attractive returns in terms of EV (enterprise value)/EBITDA.
How are they evaluated?
With US$3.2 billion in contracted revenue, US$372 million in cash, US$787 million in liquidity, US$1.8 billion in enterprise value and a net debt/EBITDA ratio of 0.29, it closed the first half 2024 Danaos Corp.of the interests of the shipowner dr. Ioannis Kousta.
The shares of the company that has one of the largest fleets ships The largest container shipping company in the world, maintains a “Buy” recommendation, currently trading at US$84.42.
The company has 73 container ships from 2,200 TEUs to 13,100 TEUs, another 17 container ships from 6,000 to 9,000 TEUs on order and 10 capesize dry cargo ships.
OR Dynagas LNG Partnersowned by George Prokopiou, maintains a “Strong Buy” rating and $4.5 price target from Stifel.
Revenue from fleet operations for the three months ended June 30, 2024 was $37.6 million.
Net profit for the same period was 10.7 million dollars.
NASDAQ also maintains a ‘buy’ recommendation for its shares Tsakos Energy Navigation (RTE)Nikos Tsakos interests, giving a price target of $29.5, with the company’s shares currently trading at $24.93.
TEN’s total revenue in the first half of this year was US$416 million, while the company’s operating profit was US$179 million, which included US$49 million in capital gains.
It is recalled that net profit for the first half of 2024 was 130.4 million dollars.
Its shares also receive a vote of confidence from investors with a “Strong Buy” recommendation. Maritime Partners Shipsof Aggeliki Fragou’s interests, with Jefferies’ price target set at $80.
The company’s shares are currently trading at $58.73.
Navios’ fleet consists of 74 bulk carriers, 48 container ships and 56 tankers, including 20 new ships (14 Aframax/LR2 tankers and six MR2 product tankers chartered on a bareboat basis), which are expected to be delivered by the first half of 2028, and seven newly built container ships, which are expected to be delivered by 2026.
Companies listed in the US Eurodry and Euroseasof Aristides Pitta’s interests, maintain a “Strong Buy” recommendation for its shares.
Eurodry shares are currently trading at $19.57.
The company reported total net income of $17.4 million for the quarter ended June 30 and $31.9 million for the six months ended June 30.
On average, in the second quarter of 2024, it owned 13 bulk carriers, with an average time-equivalent charter rate of US$14,427 per day.
Aristides Pitta’s stake, also listed on Nasdaq Euroseas, with a fleet of 23 container ships, is currently trading at $19.57.
For the second quarter of 2024, the company announced net profit of US$58.7 million, while in the first half of the year it was US$105.4 million.
Your stock Stealth gasof Haris Vafia’s interests, maintains a “strong buy” recommendation, although it is currently traded on the Nasdaq at US$6.40.
Stealthgas’ earnings more than doubled year over year, reaching $25.8 million in the second quarter of 2024 and $43.5 million in the first half of 2024.
They are the highest level ever achieved by the company in its 20-year history.
Those listed on the American stock exchange Safe Bulk Carriersinterests of Poly V. Hatziioannou, maintains a “Buy” rating and a $5.97 price target from Jefferies.
The company – whose shares trade at US$4.45 – manages a fleet of 46 bulk carriers, with a total capacity of 4.6 million dwt, while also implementing a shipbuilding program for a further eight ships.
It should be noted that a significant profitability was recorded in the first quarter of this year, amounting to 25.3 million dollars.
Revenue was $81.7 million, compared to $66.8 million in the same period in 2023.
The listed carrier has a “Buy” recommendation Star Bulk CarriersPetros Pappas interests, while the target price is US$25.1, slightly above the US$20.4 it is currently trading at.
Star Bulk operates a modern fleet of 161 ships with an average age of about 11 years and had half-year profits of US$180.936 million, compared with US$90.1 million in the same period last year.
Revenues in the first six months totaled $612.2 million, while the corresponding period last year was $462.7 million.
The share is listed on the American stock exchange Okeanis Eco Tankers Corp.by Yiannis and Aristides Alafouzou, which has a “strong buy” recommendation, is currently trading at $31.94.
Its fleet of 14 tankers recorded revenues of US$112.0 million and earnings of US$39.6 million in the second quarter of 2024.
Its shares also have a “Strong Buy” recommendation from Nasdaq Imperial Oilalso of interest to Haris Vafias.
The company has a total of 12 ships, eleven on the water – six MR product tankers, two Suezmax tankers and three practical-sized bulk carriers, with a total capacity of 711 thousand dwt – and one MR product tanker , with a capacity of 40 thousand dwt, which will be delivered in the fourth quarter of 2024.
It is important to highlight that in the second quarter of 2024 IMPP recorded a net profit of 19.5 million dollars, an increase of 2.8 million dollars compared to the first quarter of the same year and 2.7 million dollars compared to to the second quarter of 2023.
At the six-month level, the company announced net profit of US$36.2 million, compared to US$52.6 million in the corresponding period in 2023.
OR Capital Clean Energy Carriers Corp CCEC (formerly Capital Product Partners LP) is expected to become the largest owner of LNG carriers on the US stock market.
Its fleet includes 20 vessels, including 12 state-of-the-art liquefied natural gas (LNG/Cs) carriers and eight legacy neo-Panamax container ships.
Additionally, CCEC’s fleet under construction includes six additional LNG/C vessels, six medium dual-gas vessels and four liquid CO2/multi-gas vessels, to be delivered between Q1 2026 and Q3 2027.
The company’s shares are currently trading on the US stock exchange at $19.84, maintaining a “Buy” rating.
With regard to the company’s shares Globus Marítima Limitadaof the Fidakis family interests, is currently trading at US$1.81 with a “strong buy” recommendation.
Globus currently has a fleet of eight modern bulk carriers. The company’s net profit in the second quarter of the year 2024 was 3.3 million dollars, while at the six-month level it was 3 million dollars.
OR Global ship leasingof the interests of shipowner Giorgos Giouroukos, it has 68 container ships, from 2,207 to 11,040 TEUs, with a total capacity of 376,723 TEUs.
The company’s shares are traded with a “Buy” recommendation and are currently priced at US$25.03.
Its net profit for the quarter was US$85.6 million and for the six-month period it was US$175.1 million.
The listed shipping company Pyxis tankersby Valentis Valentis, maintains a “Buy” recommendation from ThingEquity, with a price target of US$10.
The shipping company posted net profit attributable to shareholders of $5 million in the second quarter, up from $2.8 million in the same period last year, and this was primarily attributed to a 46% increase in revenue year-over-year , to 13.9 million. dollars.
The carrier manages four ships, three tankers and one bulk carrier, with a fleet capacity of 294,125 dwt.
Strong buy recommendations from international investors
OR Dorian GLPowned by John and Alex Hatzipatera, maintains a “Strong Buy” rating and $45 price target from DNB, Fearnley Fonds, Jefferies, Pareto and UBS.
In the half-year, revenue for the company, which has 25 modern VLGCs, including 20 ECO VLGCs and four dual-fuel ECO VLGCs, totaled US$114.4 million, while time charter revenue (TCE) was US$113. 6 million.
The fleet’s net operating days reached 90.4%, while its available cash amounted to 352-354 million dollars.
Finally, with regard to the company’s long-term obligations, they amount to 598 million dollars.
According to data from Yahoo Finance, the company’s market capitalization is US$1.71 billion.
On a positive trajectory is also moving Performance submissionof Palios family interests, with Maxim Group LLC recommending a “Strong Buy” with a price target of $5.75. The US-listed shares are currently trading at $1.88.
In terms of results, the carrier’s revenue reached US$42.87 million in the first half of 2024, while net profit reached US$21.6 million.
The company manages a total of seven tankers, while also “managing” a shipbuilding program for four tankers.
OR Seanergy Marítima Holdingsby Stamatis Tsantanis, maintains a “strong buy” recommendation for four houses, which gives a target price of US$14.67.
Seanergy stock is currently trading at $10.04. The listed company operates 17 bulk carriers, with a total capacity of more than 3 million dwt, and is expected to receive two more ships.
In the first quarter of 2024, net revenue was US$38.3 million and net profit was US$10.2 million.
As for United Maritime Corporation, with President and CEO Stamatis Tsantanis, Nasdaq gives a “Strong Buy” recommendation with a $6 price target.
In the first quarter of 2024, the company had net sales of US$10.6 million.
OR Icon energylisted on the Nasdaq under the symbol ICON, interests of Ismenis Panagiotidis, takes its first steps in the American capital market with a panamax bulk carrier, the Alfa, with a cargo capacity of 77,300 dwt.
The company’s shares on the US stock exchange have a “strong buy” recommendation and are currently trading at US$2.20.
H Main shipsde Evangelos Pistiolis, which operates a fleet of eight tankers with a capacity of 1.43 million dwt, maintains a “Strong Buy” recommendation from Maxim Group LLC, with a target price of US$29, and is currently traded on the Nasdaq at 8 US$0.94