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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.

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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

Marinus Pharmaceuticals, Inc. (NASDAQ:MRNS) shares plummeted 74.2% in pre-market trading after updating on the Phase 3 RAISE Trial and reporting preliminary Q1 2024 financial results with ZTALMY net revenue of $7.4 to $7.6 million. Other stocks also moved lower in pre-market trading: Neumora Therapeutics, Inc. (NASDAQ:NMRA) dropped 17.1% due to an FDA clinical hold, Roadzen, Inc. (NASDAQ:RDZN) fell 14%, Ultragenyx Pharmaceutical Inc. (NASDAQ:RARE) declined 11.4% after interim Phase 1/2 data, Cogent Biosciences, Inc. (NASDAQ:COGT) decreased 7.7%, Polestar Automotive Holding UK PLC (NASDAQ:PSNY) dropped 7.2%, Molina Healthcare, Inc. (NYSE:MOH) fell 7.1%, and TORM plc (NASDAQ:TRMD) slipped 3.1%.

Portfolio Pulse from Avi Kapoor

April 15, 2024 | 12:19 pm

Evercore ISI Group has reaffirmed its Outperform rating on TORM (NASDAQ:TRMD) and increased its price target from $42.00 to $44.00. Despite a 0.9% decline in TORM's share price over the last 24 hours to $32.90, the new price target suggests a potential upside of 33.74%. TORM PLC is a shipping company specializing in the transportation of refined oil products.

Portfolio Pulse from Benzinga Insights

March 08, 2024 | 5:00 pm

Evercore ISI Group analyst Jonathan Chappell has maintained an Outperform rating on TORM (NASDAQ:TRMD) and increased the price target from $42 to $44.

Portfolio Pulse from Benzinga Newsdesk

March 08, 2024 | 3:25 pm

Energy Transfer (NYSE:ET) announces a dividend payout of $0.32 per share with an annualized yield of 8.96%, reflecting a consistent increase in dividends and earnings per share from 2020 to 2023. This performance positions ET's dividend yield in the middle range compared to industry peers, with TORM (NASDAQ:TRMD) having the highest yield at 17.09%.

Portfolio Pulse from Benzinga Insights

February 20, 2024 | 3:05 pm

NuStar Energy (NYSE:NS) announced a dividend payout of $0.40 per share with an annualized yield of 7.66%, payable on February 13, 2024, to shareholders of record as of February 7, 2024. The company's dividend per share has decreased from $1.80 in 2020 to $1.60 in 2023, despite an increase in earnings per share from $0.81 to $0.87 over the same period. This suggests a strategic shift towards retaining earnings for reinvestment. TORM (NASDAQ:TRMD) has the highest annualized dividend yield among peers at 16.96%.

Portfolio Pulse from Benzinga Insights

February 13, 2024 | 3:05 pm

Western Midstream (NYSE:WES) announces a dividend payout of $0.57 per share with an annualized yield of 8.28%, reflecting its strong performance and commitment to maximizing shareholder returns. The company has shown a consistent increase in dividends and earnings per share from 2020 to 2023, indicating a healthy financial status. TORM (NASDAQ:TRMD) is mentioned for having the highest annualized dividend yield at 16.96% among industry peers.

Portfolio Pulse from Benzinga Insights

February 13, 2024 | 3:05 pm

EnLink Midstream (NYSE:ENLC) announces a dividend payout of $0.13 per share with an annualized yield of 4.29%, marking a consistent increase in dividends from $0.47 in 2020 to $0.50 in 2023. Earnings per share also grew from $0.12 to $0.67 in the same period, indicating a strong financial health and potential for future dividend increases. TORM (NASDAQ:TRMD) leads in dividend yield among peers with 17.37%.

Portfolio Pulse from Benzinga Insights

February 09, 2024 | 3:05 pm

Five energy stocks with high RSI values, indicating potential overbought conditions, are Helmerich & Payne (HP), Phillips 66 (PSX), Teekay Corporation (TK), Valero Energy (VLO), and TORM plc (TRMD). HP reported strong Q1 results and plans to double its international rig count. PSX is set to release earnings, while TK and TRMD posted better-than-expected sales last quarter. VLO reported mixed results with revenue missing but EPS beating estimates.

Portfolio Pulse from Avi Kapoor

January 31, 2024 | 1:17 pm

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