Streetbeat News

TRMD

TORM plc

https://www.torm.com

Industry

Oil & Gas Midstream

TORM plc, a product tanker company, engages in the transportation of refined oil products and crude oil worldwide. The company transports gasoline, jet fuel, and naphtha. As of March 23, 2022, it operated a fleet of approximately 85 vessels. The company was founded in 1889 and is headquartered in London, the United Kingdom.

Open

23.55

Mkt cap

2.2B

Volume

1.6M

High

23.64

P/E Ratio

2.93

52-wk high

40.47

Low

22.72

Div yield

0.21

52-wk low

22.72

TORM plc has been upgraded in rating due to its double-digit yields and attractive discount to NAV. Despite weaker seasonality, the company showed a 3.9% YoY revenue growth and a 4.8% increase in net income for 3Q24. TORM has a Total Debt to Equity ratio of 59.4% and Total Liabilities to Total Assets of 40.2%. The company made gross interest payments of $18.4 million in 3Q24 and agreed to acquire eight MR tankers, taking delivery of six.

Portfolio Pulse from

November 12, 2024 | 12:45 pm

TORM plc (NASDAQ:TRMD) held its Q3 2024 earnings conference call on November 7, 2024. The call featured company executives discussing the financial results and performance for the third quarter.

Portfolio Pulse from

November 07, 2024 | 5:30 pm

TORM PLC (TRMD) reported Q3 earnings of $1.35 per share, surpassing the Zacks Consensus Estimate of $1.29 per share. This is slightly lower than the $1.36 per share reported a year ago.

Portfolio Pulse from

November 07, 2024 | 3:45 pm

Oil and gas company shares are declining due to an increase in US crude inventories.

Portfolio Pulse from Benzinga Newsdesk

October 23, 2024 | 7:26 pm

The article highlights two oversold energy stocks, Ecopetrol SA and Torm PLC, which present potential buying opportunities. Ecopetrol's stock has fallen significantly following a cash tender offer announcement, while Torm's stock has declined despite a positive analyst rating.

Portfolio Pulse from Avi Kapoor

October 18, 2024 | 12:05 pm

Cassava Sciences and enVVeno Medical are among the big stocks moving lower in Friday's pre-market session. Cassava Sciences fell due to SEC charges, while enVVeno Medical dropped after announcing a public offering.

Portfolio Pulse from Avi Kapoor

September 27, 2024 | 12:47 pm

The article highlights four energy stocks with low RSI values, indicating they are oversold and may present buying opportunities. These stocks include Vital Energy Inc (VTLE), Torm PLC (TRMD), New Fortress Energy Inc (NFE), and Gulf Island Fabrication, Inc. (GIFI).

Portfolio Pulse from Avi Kapoor

September 06, 2024 | 11:32 am

Oil and gas company shares are declining due to reports of a potential deal to restart Libyan oil production and exports.

Portfolio Pulse from Benzinga Newsdesk

September 03, 2024 | 2:33 pm

Jim Cramer discussed several stocks on CNBC's 'Mad Money Lightning Round,' including TORM plc, Trane Technologies, Axsome Therapeutics, and SAP SE. He highlighted TORM's high dividend yield, recommended buying Trane Technologies and SAP, and described Axsome Therapeutics as a high-risk, high-reward stock. Analysts have recently provided ratings and price targets for these companies.

Portfolio Pulse from Avi Kapoor

July 24, 2024 | 1:25 pm

Evercore ISI Group analyst Jonathan Chappell maintains an Outperform rating on TORM (NASDAQ:TRMD) and raises the price target from $45 to $48.

Portfolio Pulse from Benzinga Newsdesk

July 23, 2024 | 4:37 pm

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