Knightsbridge Tankers Limited (VLCCF) was a big mover last session, as its shares rose roughly 14% on the day. The move came on solid volume too with far more shares changing hands than in a normal session. This continues the uptrend for the company since Feb 19, as the stock is now up over 33%.
In the last 30-day frame, the company witnessed one negative estimate revision while the Zacks Consensus Estimate remained unchanged. Yesterday’s price action is encouraging though, so make sure to keep a close watch on this firm in the near future.
Knightsbridge Tankers currently has a Zacks Rank #3 (Hold) while its Earnings ESP is negative.
Other better-ranked stocks in the shipping industry include Teekay Tankers Ltd. (TNK), Nordic American Tankers Limited (NAT) and Frontline Ltd. (FRO). All three carry a Zacks Rank #2 (Buy).
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