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Best Shipping Stocks to Buy Now (2024)
Top shipping stocks in 2024 ranked by overall Zen Score. See the best shipping stocks to buy now, according to analyst forecasts for the marine shipping industry.

Industry: Marine Shipping
Ticker
Company
Price
1d %
1w %
1m %
3m %
6m %
1y %
3y %
5y %
10y %
52-week High
52-week Low
% off 52-week High
% off 52-week Low
Beta
Volume
Vol 1d %
DAC
DANAOS CORP
$85.15-0.19%2.81%18.15%20.17%24.71%37.49%41.94%529.81%-3.46%$86.35$57.751.39%47.45%1.27118,25746.40%
ESEA
EUROSEAS LTD
$38.62-1.83%2.44%16.68%13.59%37.93%92.79%155.25%599.64%-59.43%$42.29$19.718.68%95.94%0.7120,376-45.62%
SBLK
STAR BULK CARRIERS CORP
$26.050.70%1.48%12.77%19.17%37.03%37.68%25.66%223.60%-53.48%$26.54$16.571.85%57.21%0.87832,206-45.37%
GASS
STEALTHGAS INC
$7.024.00%7.67%20.21%-1.96%24.91%140.41%122.15%119.38%-30.01%$7.98$2.8612.03%145.45%0.50152,983106.04%
PXS
PYXIS TANKERS INC
$5.02-0.10%2.24%9.13%14.87%25.81%15.94%55.85%5.46%N/A$5.14$3.252.33%54.46%0.4741,829-3.46%
SB
SAFE BULKERS INC
$5.57-0.18%2.39%18.26%31.99%56.46%52.60%44.30%254.78%-31.82%$5.64$2.971.24%87.54%1.13332,426-44.80%
CMRE
COSTAMARE INC
$14.651.38%9.57%35.27%34.77%54.70%69.17%41.68%151.72%-31.83%$14.76$7.710.73%90.01%0.99629,442-21.85%
CISS
C3IS INC
$1.6712.08%32.54%15.97%-86.08%-96.48%N/AN/AN/AN/A$2.00k$1.1199.92%50.45%1.234,451,225217.57%
TORO
TORO CORP
$4.761.28%4.16%6.25%-22.85%15.11%15.82%N/AN/AN/A$7.25$2.7234.34%75.00%0.9025,24812.26%
BWLP
BW LPG LTD
$17.270.70%8.21%N/AN/AN/AN/AN/AN/AN/A$18.00$14.254.06%21.19%-0.05113,181-13.29%
CPLP
CAPITAL PRODUCT PARTNERS LP
$16.210.37%-0.43%-3.17%-10.64%14.96%24.69%29.58%57.53%-78.42%$18.85$12.7014.01%27.64%0.7630,57581.91%
NAT
NORDIC AMERICAN TANKERS LTD
$4.260.24%2.90%10.65%1.67%-2.74%16.71%26.04%64.48%-49.88%$4.83$3.4411.80%23.84%1.022,024,346-1.01%
ASC
ARDMORE SHIPPING CORP
$22.36-0.89%9.77%40.98%39.49%69.14%80.03%367.78%196.95%71.47%$22.64$11.591.21%92.92%0.91864,78422.36%
DSX
DIANA SHIPPING INC
$3.15-0.32%2.27%8.62%9.38%-9.74%-15.78%-18.60%-4.55%-71.23%$4.16$2.8124.28%12.30%0.94747,414-26.01%
CTRM
CASTOR MARITIME INC
$3.95-3.42%9.72%12.54%-5.05%29.85%-40.45%-91.10%-99.27%N/A$6.90$2.8642.75%38.35%0.92113,212-72.91%
KEX
KIRBY CORP
$117.571.88%2.26%23.65%38.42%51.62%61.92%68.05%39.50%9.95%$118.08$71.210.43%65.10%1.14555,31324.64%
PSHG
PERFORMANCE SHIPPING INC
$2.150.94%-0.92%2.14%14.36%3.86%175.64%-96.67%-98.71%-100.00%$2.53$0.6815.02%217.11%0.7759,602-60.34%
PANL
PANGAEA LOGISTICS SOLUTIONS LTD
$7.84-0.13%3.84%18.97%-4.97%12.16%29.16%107.41%127.25%-22.38%$9.53$5.2817.69%48.48%0.69109,512-21.11%
GOGL
GOLDEN OCEAN GROUP LTD
$15.270.99%1.94%16.65%39.96%97.80%79.86%70.42%193.65%-78.14%$15.33$6.890.39%121.63%1.121,233,201-8.35%
MATX
MATSON INC
$116.280.70%0.12%9.73%0.57%22.27%67.02%84.05%193.41%378.52%$122.99$67.975.46%71.08%1.13182,7886.76%
GSL
GLOBAL SHIP LEASE INC
$26.791.67%10.79%26.19%32.10%50.08%40.56%65.57%310.89%-17.52%$26.96$16.800.63%59.46%1.09872,198-29.42%
GNK
GENCO SHIPPING & TRADING LTD
$23.180.65%1.49%14.41%29.35%61.42%66.40%50.62%185.12%N/A$23.43$12.391.07%87.09%1.07554,359-14.85%
GLBS
GLOBUS MARITIME LTD
$2.11-0.47%2.93%5.24%-4.09%15.30%124.47%-50.70%-99.36%-99.98%$3.15$0.6833.02%210.29%1.528,205-93.99%
CDLR
CADELER A
$19.70-0.61%2.39%10.49%17.40%N/AN/AN/AN/AN/A$21.00$16.296.19%20.93%0.5447,097-80.32%
NMM
NAVIOS MARITIME PARTNERS LP
$47.231.35%0.51%12.40%49.18%105.35%106.52%49.84%249.85%-82.55%$48.88$19.233.38%145.61%1.06108,449-25.20%
CLCO
COOL CO LTD
$12.662.18%7.47%18.32%9.42%-5.24%7.20%N/AN/AN/A$14.50$10.3412.69%22.44%0.55301,311-48.76%
OP
OCEANPAL INC
$2.563.60%-0.81%1.55%19.58%14.75%-43.76%N/AN/AN/A$4.54$1.2643.68%103.10%0.4616,830-37.55%
SHIP
SEANERGY MARITIME HOLDINGS CORP
$12.032.47%14.03%29.63%61.91%118.33%146.01%22.88%-93.79%-99.93%$12.17$4.031.15%198.51%0.99495,960-36.15%
SFL
SFL CORP LTD
$14.05-1.06%-1.68%11.51%10.28%25.56%64.33%59.12%7.75%-21.11%$14.48$8.522.97%65.00%0.85831,297-3.90%
EDRY
EURODRY LTD
$21.920.92%0.97%8.30%0.78%38.38%37.00%59.65%190.83%N/A$23.98$13.428.59%63.34%0.425,127291.08%
SMHI
SEACOR MARINE HOLDINGS INC
$13.27-0.82%-0.15%9.04%28.59%14.69%66.29%272.75%-1.92%N/A$15.24$7.5312.93%76.23%1.1986,358-19.92%
ZIM
ZIM INTEGRATED SHIPPING SERVICES LTD
$18.73-1.16%6.48%83.27%47.83%145.80%6.30%-54.33%N/AN/A$19.80$6.395.40%193.11%1.243,695,310-20.77%
CACO
CARAVELLE INTERNATIONAL GROUP
$1.030.98%43.06%-3.74%53.27%64.27%14.44%N/AN/AN/A$1.21$0.4414.88%134.09%-0.19162,400-24.08%
TOPS
TOP SHIPS INC
$12.301.57%-1.70%-3.91%-16.10%53.75%43.24%-96.58%-99.98%-100.00%$18.97$5.5135.16%123.23%1.086,831-24.23%
GRIN
GRINDROD SHIPPING HOLDINGS LTD
$13.750.15%-0.29%-1.52%49.46%55.19%37.43%80.21%157.49%N/A$14.90$6.807.72%102.21%0.7520,89743.51%
USEA
UNITED MARITIME CORP
$2.672.10%1.14%5.53%2.69%18.14%-1.48%N/AN/AN/A$3.09$2.0113.59%32.84%1.6195,428297.96%
KNOP
KNOT OFFSHORE PARTNERS LP
$5.451.68%1.68%9.44%-1.45%-4.55%18.22%-71.38%-71.92%-80.03%$7.00$4.6522.14%17.20%0.6959,62016.38%
ECO
OKEANIS ECO TANKERS CORP
$34.930.11%5.59%14.15%16.16%N/AN/AN/AN/AN/A$35.50$23.051.61%51.54%0.0337,283-43.78%
HAFN
HAFNIA LTD
$8.651.65%4.72%14.87%N/AN/AN/AN/AN/AN/A$8.70$7.210.57%19.97%0.45197,379-10.86%
HSHP
HIMALAYA SHIPPING LTD
$9.212.11%7.85%17.93%20.87%78.83%64.46%N/AN/AN/A$9.26$4.300.54%114.19%0.9455,826-35.27%

Shipping Stocks FAQ

What are the best shipping stocks to buy right now in May 2024?

According to Zen Score, the 3 best shipping stocks to buy right now are:

1. Danaos (NYSE:DAC)


Danaos (NYSE:DAC) is the top shipping stock with a Zen Score of 73, which is 40 points higher than the shipping industry average of 33. It passed 27 out of 38 due diligence checks and has strong fundamentals. Danaos has seen its stock return 37.49% over the past year, underperforming other shipping stocks by -15 percentage points.

Danaos has an average 1 year price target of $90.00, an upside of 5.7% from Danaos's current stock price of $85.15.

Danaos stock has a consensus Strong Buy recommendation according to Wall Street analysts. Of the 1 analyst covering Danaos, 100% have issued a Strong Buy rating, 0% have issued a Buy, 0% have issued a hold, while 0% have issued a Sell rating, and 0% have issued a Strong Sell.

2. Euroseas (NASDAQ:ESEA)


Euroseas (NASDAQ:ESEA) is the second best shipping stock with a Zen Score of 67, which is 34 points higher than the shipping industry average of 33. It passed 24 out of 38 due diligence checks and has strong fundamentals. Euroseas has seen its stock return 92.79% over the past year, overperforming other shipping stocks by 40 percentage points.

3. Star Bulk Carriers (NASDAQ:SBLK)


Star Bulk Carriers (NASDAQ:SBLK) is the third best shipping stock with a Zen Score of 65, which is 32 points higher than the shipping industry average of 33. It passed 24 out of 38 due diligence checks and has strong fundamentals. Star Bulk Carriers has seen its stock return 37.68% over the past year, underperforming other shipping stocks by -15 percentage points.

Star Bulk Carriers has an average 1 year price target of $53.50, an upside of 105.37% from Star Bulk Carriers's current stock price of $26.05.

Star Bulk Carriers stock has a consensus Strong Buy recommendation according to Wall Street analysts. Of the 2 analysts covering Star Bulk Carriers, 100% have issued a Strong Buy rating, 0% have issued a Buy, 0% have issued a hold, while 0% have issued a Sell rating, and 0% have issued a Strong Sell.

What are the shipping stocks with highest dividends?

Out of 19 shipping stocks that have issued dividends in the past year, the 3 shipping stocks with the highest dividend yields are:

1. Zim Integrated Shipping Services (NYSE:ZIM)


Zim Integrated Shipping Services (NYSE:ZIM) has an annual dividend yield of N/A, which is N/A percentage points lower than the shipping industry average of 4.75%.

Zim Integrated Shipping Services's dividend payout ratio of -28.5% indicates that its dividend yield might not be sustainable for the long-term.

2. Diana Shipping (NYSE:DSX)


Diana Shipping (NYSE:DSX) has an annual dividend yield of 16.67%, which is 12 percentage points higher than the shipping industry average of 4.75%. Diana Shipping's dividend payout is not stable, having dropped more than 10% three times in the last 10 years. Diana Shipping's dividend has not shown consistent growth over the last 10 years.

Diana Shipping's dividend payout ratio of 119.3% indicates that its high dividend yield might not be sustainable for the long-term.

3. Nordic American Tankers (NYSE:NAT)


Nordic American Tankers (NYSE:NAT) has an annual dividend yield of 10.8%, which is 6 percentage points higher than the shipping industry average of 4.75%. Nordic American Tankers's dividend payout is not stable, having dropped more than 10% fourteen times in the last 10 years. Nordic American Tankers's dividend has not shown consistent growth over the last 10 years.

Nordic American Tankers's dividend payout ratio of 97.9% indicates that its high dividend yield might not be sustainable for the long-term.

Why are shipping stocks up?

Shipping stocks were up 0.64% in the last day, and up 2.97% over the last week.

We couldn't find a catalyst for why shipping stocks are up.

What are the most undervalued shipping stocks?

Based on WallStreetZen's Valuation Score, the 3 most undervalued shipping stocks right now are:

1. Stealthgas (NASDAQ:GASS)


Stealthgas (NASDAQ:GASS) is the most undervalued shipping stock based on WallStreetZen's Valuation Score. Stealthgas has a valuation score of 100, which is 62 points higher than the shipping industry average of 38. It passed 7 out of 7 valuation due diligence checks.

Stealthgas's stock has gained 140.41% in the past year. It has overperformed other stocks in the shipping industry by 88 percentage points.

2. Star Bulk Carriers (NASDAQ:SBLK)


Star Bulk Carriers (NASDAQ:SBLK) is the second most undervalued shipping stock based on WallStreetZen's Valuation Score. Star Bulk Carriers has a valuation score of 86, which is 48 points higher than the shipping industry average of 38. It passed 6 out of 7 valuation due diligence checks.

Star Bulk Carriers's stock has gained 37.68% in the past year. It has underperformed other stocks in the shipping industry by -15 percentage points.

3. C3is (NASDAQ:CISS)


C3is (NASDAQ:CISS) is the third most undervalued shipping stock based on WallStreetZen's Valuation Score. C3is has a valuation score of 71, which is 33 points higher than the shipping industry average of 38. It passed 5 out of 7 valuation due diligence checks.

Are shipping stocks a good buy now?

78.95% of shipping stocks rated by analysts are a strong buy right now. On average, analysts expect shipping stocks to rise by 10.74% over the next year.

What is the average p/e ratio of the marine shipping industry?

The average P/E ratio of the marine shipping industry is 23.32x.
WallStreetZen does not provide financial advice and does not issue recommendations or offers to buy stock or sell any security.

Information is provided 'as-is' and solely for informational purposes and is not advice. WallStreetZen does not bear any responsibility for any losses or damage that may occur as a result of reliance on this data.