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Sectors & IndustriesIndustrialsMarine Shipping
Best Shipping Stocks to Buy Now (2023)
Top shipping stocks in 2023 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
Performance Score
Market Cap
Revenue
EBITDA
Earnings
EPS
Revenue Growth Y/Y
Revenue Growth 5Y
Earnings Growth Y/Y
Earnings Growth 5Y
Earnings Date
ESEA
EUROSEAS LTD
$182.89M$178.47M$129.81M$103.19M$14.6615.04%41.40%14.35%51.95%2023-11-13
SBLK
STAR BULK CARRIERS CORP
$1.93B$1.12B$511.44M$285.68M$2.79-33.78%20.46%-68.15%36.91%2023-11-14
DAC
DANAOS CORP
$1.34B$997.57M$688.66M$512.74M$25.3211.86%17.10%-28.13%24.96%2023-11-06
ASC
ARDMORE SHIPPING CORP
$530.15M$485.41M$229.19M$180.97M$4.5679.68%19.49%N/AN/A2023-10-31
CTRM
CASTOR MARITIME INC
$40.72M$189.71M$124.72M$89.85M$0.953.77%N/A13.10%N/A2023-11-21
GASS
STEALTHGAS INC
$188.20M$152.35M$80.30M$41.74M$1.092.46%-0.98%N/AN/A2023-11-20
GSL
GLOBAL SHIP LEASE INC
$639.32M$658.93M$426.09M$306.29M$8.489.79%34.35%21.84%N/A2023-11-09
EGLE
EAGLE BULK SHIPPING INC
$407.90M$543.36M$216.06M$121.71M$9.39-27.67%13.26%-61.56%N/A2023-11-01
GNK
GENCO SHIPPING & TRADING LTD
$582.22M$447.89M$158.09M$83.70M$1.96-26.88%9.15%-65.19%N/A2023-11-07
EDRY
EURODRY LTD
$41.33M$52.62M$25.56M$9.71M$3.36-35.07%19.21%-80.92%54.64%2023-11-06
SB
SAFE BULKERS INC
$385.13M$349.72M$239.21M$163.58M$1.366.29%18.76%-5.56%N/A2023-11-07
PANL
PANGAEA LOGISTICS SOLUTIONS LTD
$264.40M$544.18M$86.10M$40.61M$0.91-34.82%7.12%-53.81%11.84%2023-11-07
PXS
PYXIS TANKERS INC
$40.26M$56.50M$34.62M$23.05M$2.1548.36%15.81%N/AN/A2023-11-13
CMRE
COSTAMARE INC
$1.17B$1.17B$836.48M$499.12M$4.0810.58%24.90%3.03%67.44%2023-10-31
CPLP
CAPITAL PRODUCT PARTNERS LP
$283.58M$321.31M$253.15M$92.22M$4.7726.49%43.62%-3.44%45.56%2023-11-07
GOGL
GOLDEN OCEAN GROUP LTD
$1.53B$941.51M$411.40M$198.84M$0.99-30.32%10.59%-71.22%19.28%
ZIM
ZIM INTEGRATED SHIPPING SERVICES LTD
$1.31B$8.10B$3.68B$1.30B$10.84-41.08%N/A-79.25%N/A2023-11-13
CACO
CARAVELLE INTERNATIONAL GROUP
$33.00M$185.35M$12.39M$12.23M$0.24N/AN/AN/AN/A
PSHG
PERFORMANCE SHIPPING INC
$24.39M$110.88M$74.81M$42.35M$36.22150.56%30.95%N/AN/A2023-11-13
SHIP
SEANERGY MARITIME HOLDINGS CORP
$98.96M$125.02M$55.96M$17.24M$0.97-18.35%10.81%-64.07%N/A
MATX
MATSON INC
$3.13B$3.39B$892.40M$458.80M$12.62-28.76%9.78%-62.65%17.02%2023-10-31
DSX
DIANA SHIPPING INC
$372.69M$289.54MN/A$84.72M$0.978.61%8.26%-31.69%N/A2023-11-15
GLBS
GLOBUS MARITIME LTD
$35.40M$40.59M$16.13M$2.61M$0.13-41.15%20.59%-93.60%N/A
NMM
NAVIOS MARITIME PARTNERS LP
$692.13M$1.35B$936.62M$547.28M$11.9533.19%42.40%-64.53%N/A2023-11-06
KEX
KIRBY CORP
$5.00B$3.00B$485.87M$174.47M$2.9220.20%1.46%N/A-12.37%2023-10-23
TOPS
TOP SHIPS INC
$12.59M$82.96MN/A$6.22M$3.2518.67%15.67%N/A-96.85%
SFL
SFL CORP LTD
$1.54B$670.39M$515.14M$202.77M$1.6030.58%11.97%18.52%8.58%2023-11-22
NETI
ENETI INC
$406.18M$168.46M$12.26M-$18.59M-$0.5229.31%-3.81%N/AN/A2023-11-06
GRIN
GRINDROD SHIPPING HOLDINGS LTD
$182.84M$374.44M$102.46M$18.82M$0.96-31.85%0.44%-90.00%N/A2023-11-14
OP
OCEANPAL INC
$972.57k$20.12M$8.61M-$2.57M-$11.78110.04%N/AN/AN/A
NM
NAVIOS MARITIME HOLDINGS INC
$42.69M$274.37MN/A$77.29M$1.7513.84%-12.18%-70.39%N/A2023-11-20
NAT
NORDIC AMERICAN TANKERS LTD
$831.01M$339.34M$92.60M$15.10M$0.0777.60%2.69%N/AN/A
CISS
C3IS INC
$1.52MN/AN/AN/AN/AN/AN/AN/AN/A
KNOP
KNOT OFFSHORE PARTNERS LP
$233.21M$284.43M$154.93M-$19.69M-$0.776.19%2.00%N/AN/A
USEA
UNITED MARITIME CORP
$22.32M$33.42MN/A$27.82MN/AN/AN/AN/AN/A
TORO
TORO CORP
$104.35MN/AN/AN/AN/AN/AN/AN/AN/A
SMHI
SEACOR MARINE HOLDINGS INC
$355.25M$244.58M$49.17M-$51.85M-$1.9427.89%8.97%N/AN/A2023-10-31
HSHP
HIMALAYA SHIPPING LTD
$194.53MN/AN/AN/AN/AN/AN/AN/AN/A2023-11-16
CLCO
COOL CO LTD
$733.38MN/AN/AN/AN/AN/AN/AN/AN/A2023-11-22

Shipping Stocks FAQ

What are the best shipping stocks to buy right now in Sep 2023?

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

1. Euroseas (NASDAQ:ESEA)


Euroseas (NASDAQ:ESEA) is the top shipping stock with a Zen Score of 71, which is 34 points higher than the shipping industry average of 37. It passed 27 out of 38 due diligence checks and has strong fundamentals. Euroseas has seen its stock return 30.84% over the past year, overperforming other shipping stocks by 34 percentage points.

2. Star Bulk Carriers (NASDAQ:SBLK)


Star Bulk Carriers (NASDAQ:SBLK) is the second best shipping stock with a Zen Score of 65, which is 28 points higher than the shipping industry average of 37. It passed 25 out of 38 due diligence checks and has strong fundamentals. Star Bulk Carriers has seen its stock return 1.25% over the past year, overperforming other shipping stocks by 4 percentage points.

Star Bulk Carriers has an average 1 year price target of $26.00, an upside of 39.11% from Star Bulk Carriers's current stock price of $18.69.

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.

3. Danaos (NYSE:DAC)


Danaos (NYSE:DAC) is the third best shipping stock with a Zen Score of 59, which is 22 points higher than the shipping industry average of 37. It passed 21 out of 38 due diligence checks and has strong fundamentals. Danaos has seen its stock return 17.86% over the past year, overperforming other shipping stocks by 21 percentage points.

Danaos has an average 1 year price target of $80.00, an upside of 21.21% from Danaos's current stock price of $66.00.

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.

What are the shipping stocks with highest dividends?

Out of 22 shipping stocks that have issued dividends in the past year, the 3 shipping stocks with the highest dividend yields are:

1. Oceanpal (NASDAQ:OP)


Oceanpal (NASDAQ:OP) has an annual dividend yield of N/A, which is N/A percentage points lower than the shipping industry average of 10.81%.

Oceanpal's dividend payout ratio of 0% 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 18.01%, which is 7 percentage points higher than the shipping industry average of 10.81%. Diana Shipping's dividend payout is not stable, having dropped more than 10% two times in the last 10 years. Diana Shipping's dividend has shown consistent growth over the last 10 years.

Diana Shipping's dividend payout ratio of 77.3% indicates that its high dividend yield is sustainable for the long-term.

3. Star Bulk Carriers (NASDAQ:SBLK)


Star Bulk Carriers (NASDAQ:SBLK) has an annual dividend yield of 13.64%, which is 3 percentage points higher than the shipping industry average of 10.81%. Star Bulk Carriers's dividend payout is not stable, having dropped more than 10% four times in the last 10 years. Star Bulk Carriers's dividend has shown consistent growth over the last 10 years.

Star Bulk Carriers's dividend payout ratio of 136.2% indicates that its high dividend yield might not be sustainable for the long-term.

Why are shipping stocks up?

Shipping stocks were up 1.01% in the last day, and up 1.62% 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 52 points higher than the shipping industry average of 48. It passed 7 out of 7 valuation due diligence checks.

Stealthgas's stock has gained 92.22% in the past year. It has overperformed other stocks in the shipping industry by 95 percentage points.

2. Eurodry (NASDAQ:EDRY)


Eurodry (NASDAQ:EDRY) is the second most undervalued shipping stock based on WallStreetZen's Valuation Score. Eurodry has a valuation score of 100, which is 52 points higher than the shipping industry average of 48. It passed 7 out of 7 valuation due diligence checks.

Eurodry's stock has gained 10.65% in the past year. It has overperformed other stocks in the shipping industry by 14 percentage points.

3. Performance Shipping (NASDAQ:PSHG)


Performance Shipping (NASDAQ:PSHG) is the third most undervalued shipping stock based on WallStreetZen's Valuation Score. Performance Shipping has a valuation score of 100, which is 52 points higher than the shipping industry average of 48. It passed 7 out of 7 valuation due diligence checks.

Performance Shipping's stock has dropped -38.59% in the past year. It has underperformed other stocks in the shipping industry by -35 percentage points.

Are shipping stocks a good buy now?

60% of shipping stocks rated by analysts are a strong buy right now. On average, analysts expect shipping stocks to rise by 24.91% 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 10.57x.
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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.