From PANL to SBLK: 5 marine transport stocks to watch

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From PANL to SBLK: 5 marine transport stocks to watch

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 From PANL to SBLK: 5 marine transport stocks to watch
Image source: © Enanuchit | Megapixl.com

Highlights:

  • Pangaea Logistics Solutions Ltd. (NASDAQ: PANL) pays an annual dividend of US$0.30. 
  • Diana Shipping Inc.'s (NYSE: DSX) P/E ratio is 4.76, and the dividend yield is 22.08%. 
  • Star Bulk Carriers' (NASDAQ: SBLK) dividend yield is 2.2%, and the P/E ratio is 2.79.

The shipping industry comprises companies transporting cargo, ranging from metals and grains to apparel, fertilizers, and electronics. Sometimes, these companies transport the commodities and merchandise by air and land. 

The industry faced major challenges during the pandemic. It is also facing difficulties from Russia-linked supply disruptions, inflation, etc., which have negatively affected the sector. Here, we will discuss five marine transport stocks that have stayed positive this year.

Pangaea Logistics Solutions Ltd. (NASDAQ: PANL)

Newport, Rhode Island-based Pangaea Logistics Solutions Ltd. and its subsidiaries provide seaborne dry bulk transportation services. 

The company transports grains, iron, coal, bauxite, alumina, dolomite, limestone, etc. Its offerings include cargo loading and discharge, voyage planning and management, and vessel chartering. 

For the quarter ended March 31, 2022, it reported a revenue of US$191 million compared to US$124.9 million for the same quarter the previous year. Its net income came in at US$20.1 million or US$0.45 per share diluted compared to US$5.84 million or US$0.13 per share diluted in the March quarter of 2021. 

Pangaea Logistics has a market capitalization of US$220.7 million as of July 11, 2022. Its dividend yield is 6.06%, and the annualized dividend is US$0.30. The stock's P/E ratio stands at 2.66, and the forward P/E for one year is 2.96.  

PANL gave a 33.7% return YTD and traded in the range of US$7.05 to US$3.42 in one year. It closed at US$4.95 on July 08.

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Diana Shipping inc. (NYSE: DSX)

Diana Shipping Inc. provides shipping transportation services and owns dry bulk vessels. It has 41 dry bulk vessels in its fleet.  

Its current market capitalization is US$390.22 million. The P/E ratio is 4.76, and the dividend yield is 22.08%. Its stock traded in the range of US$3.05 to US$6.89 in one year. 

The company generated a revenue of US$65.53 million for the quarter ended March 31, 2022, compared to US$41.05 million in the same quarter a year ago. Its net income was US$26.04 million or US$0.31 per diluted share compared to the loss of US$1.30 million or US$0.03 per share diluted in the March quarter of 2021. 

Its stock price rose 25.5% YTD and closed at US$4.53.

Golden Ocean Group Limited (NASDAQ: GOGL)

Hamilton, Bermuda-based Golden Ocean Group Ltd. is a dry bulk shipping company. It transports dry bulk cargo, including grains, coal, fertilizers, ores, etc. Its fleet includes owned and chartered, bareboat, and commercial management vessels.         

The company reported a revenue of US$265.2 million for Q1 ended March 31, 2022, compared to US$158.1 million in the same period the previous year. It posted a net income of US$125.3 million or US$0.62 per share diluted compared to US$23.58 million or US$0.14 per share diluted for the March quarter of 2021. 

The company has a market capitalization of US$2.07 billion as of July 11, 2022. Its dividend yield is 19.19%, its annualized dividend is 2.00, and the P/E ratio stands at 3.3. 

The stock gave a 24.4% return YTD and traded in the range of US$16.46 to US$7.58 in the last 52 weeks.

Star Bulk Carriers Corp. (NASDAQ: SBLK)

Athens, Greece-based Star Bulk Carriers Corp provides seaborne transportation solutions. It owns and operates dry bulk carrier vessels to transport grains, coal, fertilizers, iron ore, bauxite, steel products, etc.

 It will declare its second-quarter results on August 4, 2022.  

For the first quarter of fiscal 2022, its Voyage revenues increased to US$360.9 million from US$200.5 million in Q1, FY 2021. Its net income was US$170.36 million or US$1.67 per share diluted compared to US$35.76 million or US$0.36 per share diluted in the first quarter of fiscal 2021. 

The company has a market capitalization of US$2.29 billion as of July 11, 2022. Its dividend yield is 29.39%, its annualized dividend per share is US$6.60, and the P/E ratio is 2.09. 

The stock gave a 12.00% return YTD and traded in the range of US$33.99 to US$16.56 in one year and closed at US$22.46 on July 8. 

Eagle Bulk Shipping Inc. (NASDAQ: EGLE)

Eagle Bulk Shipping operates in the shipping and logistics industry. Stamford, Connecticut-basedthis company owns and operates dry bulk vessels. It transports ore, coal, fertilizer, grain, cement etc. 

It also offers commercial operations, technical supervision, vessel acquisition & sale, vessel maintenance & repair, finance, legal, compliance, insurance services, etc. 

It will announce its second-quarter earnings results on August 4, 2022. 

For the quarter ended March 31, 2022, its revenue was US$184.4 million compared to US$96.57 million in the same quarter of the previous fiscal. The company's net income came in at US$53.07 million or US$3.27 per share diluted compared to US$9.85 million or US$0.84 per share diluted in the March quarter of 2021. 

The company has a market capitalization of US$609 million as of July 11. Its dividend yield is 17.88%, and its annualized dividend is US$8.00. The P/E ratio and the forward P/E for one year are 3.09 and 2.46, respectively.  

The stock gave a 4.8% return YTD. It traded in the range of US$78.75 to US$36.18 in one year and closed at US$44.75 on July 8. 

Bottom line:

The seaborne transport providers have been under pressure due to macroeconomic factors and seasonal import increases in the last few months. Despite the hard times, some industry giants continue to pay dividends to their shareholders. Nevertheless, one must carefully analyze the companies before investing in stocks.

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