OceanPal Inc. Common Stock
OP
Market cap $11M

1.47 USD

+0.01

0.68%

At close Nov 18, 4:00 PM EST

1 day

0.68%

5 days

-1.34%

1 month

-18.78%

3 months

-15.03%

6 months

-15.03%

Year to date

-15.03%

1 year

-15.03%

5 years

-15.03%

10 years

-15.03%

About: OceanPal Inc is a provider of shipping transportation services. It specializes in the ownership of vessels. Each of its vessels is owned through a separate wholly-owned subsidiary.

Employees: 106

Funds holding %

of 6,735 funds

–

Analysts bullish %

Fund manager confidence

Based on 2024 Q3 regulatory filings by fund managers ($100M+ AUM)

0.33% less ownership

Funds ownership: 0.51% [Q2] → 0.18% (-0.33%) [Q3]

9% less funds holding

Funds holding: 22 [Q2] → 20 (-2) [Q3]

40% less first-time investments, than exits

New positions opened: 3 | Existing positions closed: 5

71% less capital invested

Capital invested by funds: $70.6K [Q2] → $20.7K (-$49.9K) [Q3]

100% less repeat investments, than reductions

Existing positions increased: 0 | Existing positions reduced: 3

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Research analyst outlook

We haven’t received any recent analyst ratings for OP.

See Analyst Rankings

Financial journalist opinion

Neutral

GlobeNewsWire

2 months ago

Oceanpal Inc. Announces Delivery of the MR2 Tanker Vessel Zeze Start

ATHENS, Greece, Sept. 09, 2024 (GLOBE NEWSWIRE) -- OceanPal Inc. (NASDAQ:OP) (“OceanPal” or the “Company”), a global shipping company specializing in the ownership of vessels, today announced that it has taken delivery of the m/t Zeze Start, a 2009-built tanker vessel having a carrying capacity of 49,999 dwt (the “Vessel”), that the Company entered into an agreement to purchase in late July 2024. The acquisition of its first tanker vessel reflects OceanPal's view that it is the right time to diversify the Company's fleet so as to take advantage of opportunities in the product tanker sector.

Neutral

GlobeNewsWire

3 months ago

OceanPal Inc. Reports Financial Results For The Second Quarter And Six Months Ended June 30, 2024

ATHENS, Greece, Aug. 07, 2024 (GLOBE NEWSWIRE) -- OceanPal Inc. (NASDAQ: OP) (the “Company”), a global shipping company specializing in the ownership of vessels, today reported time charter revenues of $6.7 million, a net loss of $8.2 million and net loss attributed to common stockholders of $8.6 million for the second quarter of 2024. This compares to time charter revenues of $5.4 million, a net income of $1.3 million and net income attributed to common stockholders of $483 thousand for the second quarter of 2023.

Neutral

GlobeNewsWire

4 months ago

OceanPal Inc. Announces Agreement to Acquire an MR2 Tanker Vessel

ATHENS, Greece, July 16, 2024 (GLOBE NEWSWIRE) -- OceanPal Inc. (NASDAQ:OP) (“OceanPal” or the “Company”), a global shipping company specializing in the ownership of vessels, today announced that it has signed, through a separate wholly-owned subsidiary, a Memorandum of Agreement to acquire an MR2 tanker vessel, the m/t Zeze Start (the “Vessel”), for an aggregate purchase price of $27.0 million from an entity controlled by a director of the Company. The transaction was unanimously approved by the Company's Board of Directors and reflects OceanPal's view that it is the right time to diversify the Company's fleet so as to take advantage of opportunities in the product tanker sector.

Neutral

GlobeNewsWire

5 months ago

OceanPal Inc. Reports Financial Results for the First Quarter Ended March 31, 2024

ATHENS, Greece, June 06, 2024 (GLOBE NEWSWIRE) -- OceanPal Inc. (NASDAQ: OP) (the “Company”), a global shipping company specializing in the ownership of vessels, today reported time charter revenues of $5.7 million, net loss of $1.3 million and net loss attributed to common stockholders of $1.7 million for the first quarter of 2024. This compares to time charter revenues of $3.9 million, net income of $88 thousand and net loss attributed to common stockholders of $472 thousand for the first quarter of 2023.

Neutral

GlobeNewsWire

6 months ago

OceanPal Inc. Announces Results of 2024 Annual Meeting of Shareholders

ATHENS, Greece, May 17, 2024 (GLOBE NEWSWIRE) -- OceanPal Inc. (NASDAQ: OP) (the “Company”), a global shipping company specializing in the ownership of vessels, today announced that the Company's Annual Meeting of Shareholders (the “Meeting”) was duly held on May 17, 2024, in virtual format only via the Internet.

Neutral

GlobeNewsWire

6 months ago

OceanPal Inc. Announces Entry Into Support Agreement With Sphinx Investment Corp.; Sphinx Terminates its Proxy Contest and Enters Into Voting Commitment; Mr. Economou Expected to be Made Available to Provide Strategic Advice

ATHENS, Greece, May 17, 2024 (GLOBE NEWSWIRE) -- OceanPal Inc. (“OceanPal” or the “Company”) (NASDAQ: OP) announced today that it has entered into a Support Agreement (the “Agreement”) with Sphinx Investment Corp. (“Sphinx”), an affiliate of George Economou, which owns approximately 14.1% of the Company's outstanding common stock, providing for the future support of the Company and its Board by Sphinx.

Neutral

GlobeNewsWire

6 months ago

Oceanpal Inc. Announces Time Charter Contract for M/V Baltimore With Richland Bulk and the Sale of M/V Baltimore

ATHENS, Greece, April 30, 2024 (GLOBE NEWSWIRE) -- OceanPal Inc. (NASDAQ: OP) (the “Company”), a global shipping company specializing in the ownership of vessels, today announced that, through a separate wholly-owned subsidiary, it has entered into a time charter contract with Richland Bulk Pte. Ltd., for its Capesize dry bulk vessel, the m/v Baltimore. The gross charter rate is US$22,000 per day minus a 5% commission paid to third parties, for a period until minimum September 15, 2024 up to maximum November 15, 2024. The charter is expected to commence in mid-May. The m/v Baltimore is currently chartered to Richland Bulk Pte. Ltd., at a gross charter rate of US$13,500 per day, minus a 5% commission paid to third parties.

Neutral

GlobeNewsWire

7 months ago

OceanPal Inc. Announces the Filing of Its Annual Report on Form 20-F

ATHENS, Greece, April 16, 2024 (GLOBE NEWSWIRE) -- OceanPal Inc. (NASDAQ: OP) (the “Company”), a global shipping company specializing in the ownership of vessels, today announced that it has filed its 2023 Annual Report on Form 20-F with the United States Securities and Exchange Commission (the "Commission"). The Annual Report may be accessed through the Company's website, www.oceanpal.com, or on the Commission's website at www.sec.gov. Any shareholder may receive a hard copy of the Company's complete Annual Report free of charge upon request.

Neutral

GlobeNewsWire

7 months ago

OceanPal Inc. Reports Financial Results for the Fourth Quarter and Year Ended December 31, 2023

ATHENS, Greece, April 11, 2024 (GLOBE NEWSWIRE) -- OceanPal Inc. (NASDAQ: OP) (the “Company”), a global shipping company specializing in the ownership of vessels, today reported time charter revenues of $5.8 million, net income of $58 thousand and a net loss attributed to common stockholders of $2.8 million for the fourth quarter of 2023. This compares to time charter revenues of $5.7 million, a net loss of $2.5 million and net loss attributed to common stockholders of $3.0 million for the fourth quarter of 2022.

Positive

Benzinga

8 months ago

Top 2 Industrials Stocks That May Explode This Quarter - OceanPal (NASDAQ:OP), Avis Budget Gr (NASDAQ:CAR)

The most oversold stocks in the industrials sector presents an opportunity to buy into undervalued companies.

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Charts implemented using Lightweight Charts™

OceanPal Inc. Common StockOP Market cap $11M

Fund manager confidence

0.33% less ownership

9% less funds holding

40% less first-time investments, than exits

71% less capital invested

100% less repeat investments, than reductions

Research analyst outlook

Financial journalist opinion

OceanPal Inc. Common Stock
OP
Market cap $11M