Sectors & Industries IndustrialsMarine 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

Overview Zen Score Price Valuation Financials Forecast Earnings & Revenue Dividends

Ticker	Company	Market Cap	Dividend Yield	Payout Ratio	Last Dividend	Annual Dividend	Dividend Percentile	Dividend Dropped Count (L10Y)	Div. Payment Date
ESEA	EUROSEAS LTD	$177.98M	7.78%	13.60%	$0.5000	$2.00	88%	0
SBLK	STAR BULK CARRIERS CORP	$1.91B	13.80%	136.20%	$0.4000	$2.55	97%	4
DAC	DANAOS CORP	$1.35B	4.53%	11.80%	$0.7500	$3.00	69%	0
ASC	ARDMORE SHIPPING CORP	$526.03M	7.75%	17.50%	$0.1900	$0.99	88%	6
CTRM	CASTOR MARITIME INC	$37.82M	N/A	0.00%	N/A	N/A	N/A	N/A
GASS	STEALTHGAS INC	$188.20M	N/A	0.00%	N/A	N/A	N/A	N/A
GSL	GLOBAL SHIP LEASE INC	$637.56M	8.27%	17.70%	$0.3750	$1.50	89%	1
EGLE	EAGLE BULK SHIPPING INC	$396.76M	7.72%	50.10%	$0.5800	$3.08	88%	3
GNK	GENCO SHIPPING & TRADING LTD	$573.29M	11.72%	98.50%	$0.1500	$1.58	95%	5
EDRY	EURODRY LTD	$41.40M	N/A	0.00%	N/A	N/A	N/A	N/A
SB	SAFE BULKERS INC	$386.32M	6.15%	14.70%	$0.0500	$0.20	81%	3
PANL	PANGAEA LOGISTICS SOLUTIONS LTD	$262.54M	7.08%	41.20%	$0.1000	$0.40	86%	1
PXS	PYXIS TANKERS INC	$40.80M	N/A	0.00%	N/A	N/A	N/A	N/A
CMRE	COSTAMARE INC	$1.16B	4.94%	11.30%	$0.1150	$0.46	73%	2
GOGL	GOLDEN OCEAN GROUP LTD	$1.53B	9.75%	126.30%	$0.1000	$0.75	92%	9
CPLP	CAPITAL PRODUCT PARTNERS LP	$283.38M	4.29%	12.60%	$0.1500	$0.60	67%	3
ZIM	ZIM INTEGRATED SHIPPING SERVICES LTD	$1.37B	81.87%	130.10%	$6.4000	$9.35	100%	2
CACO	CARAVELLE INTERNATIONAL GROUP	$34.25M	N/A	0.00%	N/A	N/A	N/A	N/A
PSHG	PERFORMANCE SHIPPING INC	$23.69M	N/A	0.00%	$1.5000	N/A	N/A	5
MATX	MATSON INC	$3.09B	1.43%	9.80%	$0.3200	$1.25	25%	0
SHIP	SEANERGY MARITIME HOLDINGS CORP	$98.05M	6.03%	79.90%	$0.0250	$0.33	81%	2	2023-10-06
DSX	DIANA SHIPPING INC	$372.69M	18.01%	77.30%	$0.1500	$0.63	99%	2
GLBS	GLOBUS MARITIME LTD	$30.67M	N/A	0.00%	N/A	N/A	N/A	N/A
NMM	NAVIOS MARITIME PARTNERS LP	$682.17M	0.88%	1.70%	$0.0500	$0.20	13%	3
KEX	KIRBY CORP	$4.96B	N/A	0.00%	N/A	N/A	N/A	N/A
SFL	SFL CORP LTD	$1.54B	8.57%	57.50%	$0.2400	$0.95	90%	3	2023-09-29
NETI	ENETI INC	$405.41M	0.38%	-7.70%	$0.0100	$0.04	4%	2
GRIN	GRINDROD SHIPPING HOLDINGS LTD	$175.44M	N/A	614.60%	$0.8400	N/A	N/A	1
OP	OCEANPAL INC	$865.64k	N/A	0.00%	$2.0000	N/A	N/A	1
TOPS	TOP SHIPS INC	$12.41M	N/A	0.00%	N/A	N/A	N/A	N/A
NM	NAVIOS MARITIME HOLDINGS INC	$43.60M	N/A	0.00%	$0.6000	N/A	N/A	0
NAT	NORDIC AMERICAN TANKERS LTD	$824.75M	12.15%	357.10%	$0.1300	$0.48	95%	14	2023-10-05
CISS	C3IS INC	$1.32M	N/A	N/A	N/A	N/A	N/A	N/A
KNOP	KNOT OFFSHORE PARTNERS LP	$231.51M	8.79%	-77.70%	$0.0260	$0.60	90%	1
USEA	UNITED MARITIME CORP	$22.94M	N/A	N/A	N/A	N/A	N/A	N/A
TORO	TORO CORP	$105.79M	N/A	N/A	N/A	N/A	N/A	N/A
SMHI	SEACOR MARINE HOLDINGS INC	$331.35M	N/A	0.00%	N/A	N/A	N/A	N/A
HSHP	HIMALAYA SHIPPING LTD	$196.57M	N/A	N/A	N/A	N/A	N/A	N/A
CLCO	COOL CO LTD	$731.24M	3.01%	N/A	$0.4100	$0.41	51%	0

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 35 points higher than the shipping industry average of 36. It passed 27 out of 38 due diligence checks and has strong fundamentals. Euroseas has seen its stock return 23.3% 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 29 points higher than the shipping industry average of 36. It passed 25 out of 38 due diligence checks and has strong fundamentals. Star Bulk Carriers has seen its stock lose -6.62% 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 40.69% from Star Bulk Carriers's current stock price of $18.48.

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 23 points higher than the shipping industry average of 36. It passed 21 out of 38 due diligence checks and has strong fundamentals. Danaos has seen its stock return 12.09% over the past year, overperforming other shipping stocks by 23 percentage points.

Danaos has an average 1 year price target of $80.00, an upside of 20.7% from Danaos's current stock price of $66.28.

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 10.68%.

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 10.68%. 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 13.8%, which is 3 percentage points higher than the shipping industry average of 10.68%. 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 1.25% in the last day, and up 0.43% 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. Eurodry (NASDAQ:EDRY)

Eurodry (NASDAQ:EDRY) is the 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 4.69% in the past year. It has overperformed other stocks in the shipping industry by 15 percentage points.

2. Stealthgas (NASDAQ:GASS)

Stealthgas (NASDAQ:GASS) is the second 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 80.95% in the past year. It has overperformed other stocks in the shipping industry by 91 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 -45.35% 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 25.88% 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 10.45x.

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.