Time to Buy Ship Finance International Limited After Today’s Option Traders Bet?

 Time to Buy Ship Finance International Limited After Today's Option Traders Bet?

In today’s session Ship Finance International Limited (SFL) registered an unusually high (1,009) contracts volume of call trades. Someone, most probably a professional was a very active buyer of the November, 2016 call, expecting serious SFL increase. With 1,009 contracts traded and 49264 open interest for the Nov, 16 contract, it seems this is a quite bullish bet. The option with symbol: SFL161118C00015000 closed last at: $0.35 or 16.7% up. About 511,407 shares traded hands. Ship Finance International Limited (NYSE:SFL) has risen 5.78% since March 3, 2016 and is uptrending. It has underperformed by 2.56% the S&P500.

Ship Finance International Limited (NYSE:SFL) Ratings Coverage

Out of 2 analysts covering Ship Finance International Ltd (NYSE:SFL), 0 rate it a “Buy”, 0 “Sell”, while 2 “Hold”. This means 0 are positive. $17 is the highest target while $15 is the lowest. The $15.50 average target is 6.53% above today’s ($14.55) stock price. Ship Finance International Ltd has been the topic of 4 analyst reports since October 23, 2015 according to StockzIntelligence Inc. Jefferies maintained the stock with “Hold” rating in Wednesday, July 27 report. Seaport Global initiated the stock with “Neutral” rating in Monday, August 22 report.

According to Zacks Investment Research, “Ship Finance is a major shipowning company. Including newbuildings, Ship Finance owns a fleet consisting of vessels, including crude oil tankers (VLCC and Suezmax), oil/bulk/ore vessels, container vessels, dry bulk carriers, jack-up drilling rigs and seismic vessels. The fleet is one of the largest in the world and most of the vessels are employed on medium- or long-term charters.”

Ship Finance International Limited is a holding, and international ship owning and chartering company. The company has a market cap of $1.35 billion. The Firm is engaged in the ownership and operation of vessels and offshore related assets, and also involved in the charter, purchase and sale of assets. It has a 7.87 P/E ratio. The Company’s assets consist of approximately 20 oil tankers, over 20 dry bulk carriers, approximately 20 container vessels, including a newbuilding, two car carriers, two jack-up drilling rigs, two ultra-deepwater drilling units, five offshore supply vessels, two chemical tankers and two newbuilding oil product tankers.

SFL Company Profile

Ship Finance International Limited, incorporated on October 10, 2003, is a holding, and international ship owning and chartering company. The Firm is engaged in the ownership and operation of vessels and offshore related assets, and also involved in the charter, purchase and sale of assets. The Company’s assets consist of approximately 20 oil tankers, over 20 dry bulk carriers, approximately 20 container vessels, including a newbuilding, two car carriers, two jack-up drilling rigs, two ultra-deepwater drilling units, five offshore supply vessels, two chemical tankers and two newbuilding oil product tankers. The Company’s oil tankers, chemical tankers and oil product tankers are all double-hull vessels. The Firm has over nine asset types, including crude oil tankers, oil product tankers, chemical tankers, container vessels, car carriers, dry bulk carriers, jack-up drilling rigs, ultra-deepwater drilling units and offshore supply vessels.

More recent Ship Finance International Limited (NYSE:SFL) news were published by: Globenewswire.com which released: “SFL – Ship Finance International Limited Announces Offering of Convertible …” on September 29, 2016. Also Globenewswire.com published the news titled: “Ship Finance International Limited (NYSE: SFL) – Earnings Release” on August 31, 2016. Seekingalpha.com‘s news article titled: “Why Ship Finance International Limited Is So Cheap” with publication date: April 20, 2016 was also an interesting one.

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