Research Reports Initiation on Shipping Stocks -- Seaspan, Costamare, Overseas Shipholding, and Teekay Offshore Partners

NEW YORK, March 1, 2017 /PRNewswire/ --

This morning, Stock-Callers.com tracks the performances of these four Shipping companies: Seaspan Corp. (NYSE: SSW), Costamare Inc. (NYSE: CMRE), Overseas Shipholding Group Inc. (NYSE: OSG), and Teekay Offshore Partners L.P. (NYSE: TOO). According to the Baltic and International Maritime Council, the Shipping industry will face another die-hard year of competition in 2017, projecting that the Container Shipping segment will see a net fleet growth of around 3.1% this year, compared with an estimated 1.1% in 2016. Learn more about these stocks by downloading their free report at:

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Seaspan  

Majuro, Marshall Islands-based Seaspan Corp.'s stock finished Tuesday's session 0.26% higher at $7.84. A total volume of 1.25 million shares was traded, which was above their three months average volume of 1.07 million shares. The Company's shares are trading below their 50-day moving average by 12.26%. 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 44.65.

On February 01^st, 2017, research firm Morgan Stanley initiated an 'Underweight' rating on the Company's stock.

On February 28^th, 2017, Seaspan reported that revenue decreased by 2.4% on a y-o-y basis to $213.2 million for the quarter ended December 31^[s], 2016, primarily due to lower average charter rates for vessels that were on short-term charters and an increase in unscheduled off-hire, primarily relating to vessels being off-charter, including the three vessels previously chartered to Hanjin Shipping Co., Ltd. The Company posted normalized earnings per diluted share of $0.21 for Q4 2016. The free research report on SSW is available at:

http://stock-callers.com/registration/?symbol=SSW

Costamare  

Shares in Monaco-based Costamare Inc. ended at $6.11, down 2.55% from the last trading session. The stock recorded a trading volume of 1.50 million shares, which was above its three months average volume of 971,570 shares. The Company's shares have gained 1.66% in the last one month and 10.92% since the start of this year. The stock is trading 5.20% above its 50-day moving average. Moreover, shares of Costamare, which owns and charters containerships to liner companies worldwide, have an RSI of 57.28.

On January 26^th, 2017, Costamare reported Voyage revenues adjusted on a cash basis of $107.3 million and $460.5 million for the three-months and the year ended December 31^st, 2016, respectively. The Company posted adjusted net income available to common stockholders of $23.0 million, or $0.28 per share, and $115.1 million, or $1.49 per share, for the three-months and the year ended December 31^st, 2016, respectively.

On February 13^th, 2017, research firm Wells Fargo upgraded the Company's stock rating from 'Market Perform' to 'Outperform'. The complimentary report on CMRE can be downloaded at:

http://stock-callers.com/registration/?symbol=CMRE

Overseas Shipholding  

Tampa, Florida headquartered Overseas Shipholding Group Inc.'s stock ended yesterday's session 1.77% lower at $5.00. A total volume of 3.09 million shares was traded, which was higher than their three months average volume of 728,850 shares. The Company's shares have advanced 30.55% on an YTD basis. The stock is trading 6.35% above its 50-day moving average. Additionally, shares of Overseas Shipholding Group, which primarily engages in the ocean transportation of crude oil and petroleum products, have an RSI of 53.57.

On February 24^th, 2017, Overseas Shipholding Group announced that it plans to release Q4 and full year 2016 results before market open on March 07^th, 2017. The Company will host a conference call to discuss its Q4 and full year 2016 results at 9:00 a.m. ET on March 07^th, 2017. Visit us today and download our complete research report on OSG for free at:

http://stock-callers.com/registration/?symbol=OSG

Teekay Offshore Partners  

At the close of trading on Tuesday, shares in Hamilton, Bermuda headquartered Teekay Offshore Partners L.P. recorded a trading volume of 781,376 shares, which was above their three months average volume of 726,510 shares. The stock finished 0.39% higher at $5.11. The Company's shares have gained 2.94% on an YTD basis. The stock is trading below its 200-day moving average by 6.66%. Furthermore, shares of Teekay Offshore Partners, which provides marine transportation, oil production, storage, long-distance towing, offshore installation and maintenance, and safety services to the offshore oil industry in the North Sea and Brazil, have an RSI of 37.59.

On February 23^rd, 2017, Teekay Offshore reported GAAP net income attributable to the partners and preferred unit-holders of $92.0 million and adjusted net income attributable to the partners and preferred unit-holders of $8.5 million in Q4 2016. The Company generated distributable cash flow of $21.6 million, or $0.15 per common unit, in Q4 2016 and $161.3 million, or $1.28 per common unit, during full year 2016. Get free access to your technical report on TOO at:

http://stock-callers.com/registration/?symbol=TOO

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