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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
Country
Market Cap
Shares
Institutional %
Insider %
Net Insider (L12M)
Net Insider (L3M)
ESEA
EUROSEAS LTD
Greece
$184.48M6,919,7162.78%0.00%
SBLK
STAR BULK CARRIERS CORP
Greece
$1.99B103,183,51044.65%8.18%
DAC
DANAOS CORP
Greece
$1.34B20,309,21218.43%0.00%
ASC
ARDMORE SHIPPING CORP
Bermuda
$535.92M41,192,89468.39%0.00%
CTRM
CASTOR MARITIME INC
Cyprus
$42.17M96,489,9761.04%0.00%
GASS
STEALTHGAS INC
Greece
$191.82M38,096,41442.14%28.44%
GSL
GLOBAL SHIP LEASE INC
Marshall Islands
$644.94M35,165,91448.59%8.12%
GNK
GENCO SHIPPING & TRADING LTD
United States
$594.98M42,528,68952.41%30.07%Net Selling
EGLE
EAGLE BULK SHIPPING INC
United States
$417.74M9,938,99013.00%87.00%Net SellingNet Selling
EDRY
EURODRY LTD
Greece
$43.60M2,840,6721.63%0.00%
SB
SAFE BULKERS INC
Monaco
$385.13M118,868,31719.28%0.00%
PANL
PANGAEA LOGISTICS SOLUTIONS LTD
United States
$273.22M46,466,62223.61%76.39%Net Selling
PXS
PYXIS TANKERS INC
Greece
$40.16M10,794,8124.94%0.00%
CMRE
COSTAMARE INC
Monaco
$1.20B124,306,05921.40%0.00%
CACO
CARAVELLE INTERNATIONAL GROUP
Singapore
$34.15M50,000,0000.23%6.18%
CPLP
CAPITAL PRODUCT PARTNERS LP
Greece
$283.78M20,255,70714.34%0.00%
GOGL
GOLDEN OCEAN GROUP LTD
Bermuda
$1.57B199,503,29320.09%0.00%
PSHG
PERFORMANCE SHIPPING INC
Greece
$23.10M11,725,5565.60%0.00%
ZIM
ZIM INTEGRATED SHIPPING SERVICES LTD
United States
$1.26B120,195,36517.33%0.00%
SHIP
SEANERGY MARITIME HOLDINGS CORP
Greece
$100.42M18,191,6141.71%15.12%
MATX
MATSON INC
United States
$3.13B35,289,08985.02%7.00%Net SellingNet Selling
DSX
DIANA SHIPPING INC
Greece
$372.69M107,402,2769.89%0.00%
GLBS
GLOBUS MARITIME LTD
Greece
$37.87M20,582,3012.64%0.00%
NMM
NAVIOS MARITIME PARTNERS LP
Monaco
$698.16M30,184,38810.58%0.00%
KEX
KIRBY CORP
United States
$4.93B59,500,00094.95%4.72%Net SellingNet Selling
TOPS
TOP SHIPS INC
Greece
$12.11M1,695,50814.40%4.44%
SFL
SFL CORP LTD
Bermuda
$1.54B138,562,17328.95%0.00%
NETI
ENETI INC
Monaco
$389.56M38,647,11937.38%0.00%
GRIN
GRINDROD SHIPPING HOLDINGS LTD
Singapore
$182.84M19,472,0081.35%22.23%
OP
OCEANPAL INC
Greece
$1.49M509,20075.61%0.00%
NM
NAVIOS MARITIME HOLDINGS INC
Monaco
$45.65M22,826,4509.15%48.07%
NAT
NORDIC AMERICAN TANKERS LTD
Bermuda
$860.24M208,796,44442.97%0.00%
CISS
C3IS INC
Greece
$1.46M3,182,9324.24%0.00%
KNOP
KNOT OFFSHORE PARTNERS LP
United Kingdom
$232.53M34,045,08114.75%0.00%
USEA
UNITED MARITIME CORP
Greece
$21.34M8,892,1491.17%0.00%
TORO
TORO CORP
Cyprus
$104.89M17,961,0091.05%0.00%
SMHI
SEACOR MARINE HOLDINGS INC
United States
$376.97M27,159,48559.78%17.22%Net SellingNet Selling
CLCO
COOL CO LTD
Bermuda
$743.59M53,688,46215.40%0.00%
HSHP
HIMALAYA SHIPPING LTD
Bermuda
$196.98M40,782,85719.83%0.00%

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 73, which is 37 points higher than the shipping industry average of 36. It passed 28 out of 38 due diligence checks and has strong fundamentals. Euroseas has seen its stock return 31.59% over the past year, overperforming other shipping stocks by 38 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 return 12.29% over the past year, overperforming other shipping stocks by 18 percentage points.

Star Bulk Carriers has an average 1 year price target of $26.00, an upside of 34.85% from Star Bulk Carriers's current stock price of $19.28.

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 21.22% over the past year, overperforming other shipping stocks by 27 percentage points.

Danaos has an average 1 year price target of $80.00, an upside of 20.81% from Danaos's current stock price of $66.22.

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 10.87%.

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 10.87%. 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 13.23%, which is 2 percentage points higher than the shipping industry average of 10.87%. 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 0.08% in the last day, and up 1.78% 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. Capital Product Partners (NASDAQ:CPLP)


Capital Product Partners (NASDAQ:CPLP) is the most undervalued shipping stock based on WallStreetZen's Valuation Score. Capital Product Partners 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.

Capital Product Partners's stock has gained 3.85% in the past year. It has overperformed other stocks in the shipping industry by 10 percentage points.

2. Performance Shipping (NASDAQ:PSHG)


Performance Shipping (NASDAQ:PSHG) is the second 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 -45.14% in the past year. It has underperformed other stocks in the shipping industry by -39 percentage points.

3. Eurodry (NASDAQ:EDRY)


Eurodry (NASDAQ:EDRY) is the third 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 17.09% in the past year. It has overperformed other stocks in the shipping industry by 23 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 24.45% 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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