Marine

This is your Benzinga news summary and traders' outlook for Tuesday, July 26, 2011, covering headlines from overnight and Tuesday's pre-market session. Today in domestic pre-market trading, U.S. equity futures are trading higher after strong earnings from several blue-chip companies. The U.S....

Citi Investment Research is out with a research report on Genco Shipping & Trading Ltd. (NYSE: GNK) and is lowering its price target to $5 from $7.50, and it has a Sell/High Risk rating on shares. In a note to clients, Citi Investment Research writes, "We are lowering our 2Q11, 2012 and 2013...

Genco Shipping & Trading Ltd (NYSE: GNK) was downgraded by Deutsche Bank from "hold" to "sell." GNK's shares closed at $6.44 yesterday. Genco Shipping's trailing-twelve-month ROA is 4.47%. Piper Jaffray downgraded Computer Programs and Systems Inc (NASDAQ: CPSI) from “overweight” to “neutral...

Deutsche Bank made a number of updates on the shipping sector in a research report published today. Eagle Bulk Shipping (NASDAQ: EGLE) had its rating downgraded from Hold to Sell. At the same time, its price target was reduced from $3 to $1. On Monday, EGLE lost 4.18% of its value to finish the...

Analysts at Robert W. Baird upgraded EastGroup Properties Inc (NYSE: EGP) from “neutral” to “outperform.” EGP's shares closed at $46.25 yesterday. EastGroup Properties' trailing-twelve-month operating margin is 31.14%. Analysts at FBR Capital upgraded Salient MLP And Energy Infrastructure (NYSE:...

Pre-open movers US stock futures are slightly higher this morning, as investors are awaiting earnings reports and economic data. Futures for the Dow Jones Industrial Average gained 23 points to 12,573.00 and S&P 500 index futures rose 2.70 points to 1,336.20. Nasdaq 100 futures climbed 4.00...

DryShips Inc. (NASDAQ: DRYS) and OceanFreight Inc. (NASDAQ: OCNF) announced today that the companies have entered into a definitive agreement for DryShips to acquire the outstanding shares of OceanFreight for consideration per share of $19.85, consisting of $11.25 in cash and 0.52326 of a share of...

Citigroup has lowered the price target on Genco Shipping & Trading (NYSE: GNK) from $7.50 to $5 and maintains its Sell rating.

Deutsche Bank has downgraded the following companies: Eagle Bulk Shipping (NASDAQ: EGLE) from Hold to Sell, PT lowered from $3 to $1 Genco Shipping (NYSE: GNK) from Hold to Sell, PT lowered from $8 to $4 Excel Maritime Carriers (NYSE: EXM) from Buy to Hold, PT lowers from $7 to $3

Deutsche Bank has upgraded Navios Maritime Partners (NYSE: NMM) from Hold to Buy with a $20 price target.

Stocks trading at or near 52-week highs and lows provide excellent trading opportunities, as volatility tends to increase at such levels and entry/exit points become more defined. The following stocks hit new 52-week highs in Monday's trading session (listed from highest total volume to lowest):...

Danaos Corporation (NYSE: DAC) announced that the Board of Directors of the Company has appointed Mr. Evangelos Chatzis to the position of Chief Financial Officer, effective July 22, 2011.

POINT ROBERTS - July 22, 2011 - www.InvestorIdeas.com, a global investor research portal for independent investors, reports on top percentage gainers on the NASDAQ for July 21, 2011. Marina Biotech, Inc. was the top gainer on the exchange with the stock closing higher by about 30% on Thursday....

Here are today's Put/Call Ratio leaders… 1. Collective Brands Inc. (NYSE: PSS) 5,739 puts, 78 calls 2. Lennar Corp. (NYSE: LEN) 13,820 puts, 1,136 calls 3. iStar Financial (NYSE: SFI) 2,670 puts, 226 calls 4. Eagle Bulk Shipping (NASDAQ: EGLE) 2,887 puts, 326 calls 5. Assured Guaranty Municipal...

Shares of Genco Shipping & Trading (NYSE: GNK) are lower on the session by 4.97%, trading at $6.40. Overall put volume is now running at 2.36x the daily average, with 65% of all puts traded being purchases on the offer. 1,576 contracts have traded on the session so far. Genco Shipping &...