Knightsbridge Tankers Limited (VLCCF) Posts Quarterly Results
Knightsbridge Tankers Limited (NASDAQ:VLCCF) released its earnings data on Wednesday. The company reported $0.14 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.03 by $0.11, Stock Ratings Network reports.
VLCCF has been the subject of a number of recent research reports. Analysts at Canaccord Genuity upgraded shares of Knightsbridge Tankers Limited from a “hold” rating to a “buy” rating in a research note on Friday, August 8th. On the ratings front, analysts at Evercore Partners cut their price target on shares of Knightsbridge Tankers Limited from $16.00 to $15.00 in a research note on Wednesday, July 23rd. Two investment analysts have rated the stock with a hold rating and five have given a buy rating to the stock. The company presently has a consensus rating of “Buy” and an average target price of $13.80.
Shares of Knightsbridge Tankers Limited (NASDAQ:VLCCF) opened at 11.53 on Wednesday. Knightsbridge Tankers Limited has a one year low of $7.21 and a one year high of $16.32. The stock’s 50-day moving average is $12.65 and its 200-day moving average is $12.58. The company has a market cap of $566.1 million and a P/E ratio of 22.70.
Knightsbridge Tankers Limited is an international shipping company specializing in the transportation of dry bulk cargoes.
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