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

24.90

Mkt cap

2.4B

Volume

2.1M

High

25.55

P/E Ratio

3.17

52-wk high

40.47

Low

24.64

Div yield

0.19

52-wk low

24.06

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

Williams Companies (NYSE:WMB) is set to pay a dividend of $0.45 per share on December 26, 2023, with an annualized yield of 5.14%. The ex-dividend date was December 07, 2023. The company has shown growth in dividend per share from $1.52 in 2019 to $1.70 in 2022 and an increase in earnings per share from $0.93 to $1.68 over the same period. This suggests a positive financial trend and potential for continued profit distribution to shareholders. Williams Companies's dividend yield is moderate compared to industry peers like TORM (NASDAQ:TRMD) with an 18.15% yield.

Portfolio Pulse from Benzinga Insights

December 26, 2023 | 3:05 pm

DHT Holdings (NYSE:DHT) has declared a dividend of $0.19 per share with an annualized yield of 6.75%. The dividend is payable to shareholders who held the stock before the ex-dividend date of November 20, 2023. The company's dividend payouts have fluctuated over the years, with a general decrease from $0.20 in 2019 to $0.12 in 2022. Earnings per share have also declined, from $0.11 in 2019 to $-0.02 in 2022, indicating potential financial challenges. DHT's dividend yield is moderate compared to industry peers, with TORM (NASDAQ:TRMD) having the highest yield at 18.93%.

Portfolio Pulse from Benzinga Insights

November 28, 2023 | 3:05 pm

The article provides an overview of notable value stocks in the energy sector, focusing on companies with low P/E multiples, indicating potential undervaluation. Ranger Energy Services (RNGR), Natural Resources (NRP), TORM (TRMD), Matador Resources (MTDR), and Marathon Petroleum (MPC) are highlighted. The article includes recent earnings per share data and dividend yield changes for these companies, suggesting that while they may be undervalued, there is a risk that they may not rebound as expected.

Portfolio Pulse from Benzinga Insights

November 23, 2023 | 2:39 pm

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.