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

19.75

Mkt cap

1.9B

Volume

1.1M

High

19.83

P/E Ratio

2.48

52-wk high

40.47

Low

19.01

Div yield

0.30

52-wk low

17.77

The article discusses a change in perspective regarding TORM PLC, a Danish tanker company. Initially rated as a strong buy due to low trading multiples and strong business performance, the stock experienced a selloff after the article's publication. The author now expresses a long position on the stock.

Portfolio Pulse from

December 14, 2024 | 7:30 am

TORM plc's stock has declined by 30% due to market volatility, but its strategic initiatives and vital role in global energy distribution make it a promising long-term investment.

Portfolio Pulse from

December 12, 2024 | 10:00 pm

TORM has experienced a 30% decline since a Strong Buy recommendation, due to negative market fundamentals like refinery maintenance and increased vessel supply. The crude fleet's retreat has depressed rates, and investors should monitor these trends.

Portfolio Pulse from

November 20, 2024 | 12:45 pm

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

All corporate logos and prices are for illustrative purposes only and are not a recommendation, an offer to sell, or a solicitation of an offer to buy any security.