TORMTRMD
TRMD
About: TORM PLC operates as a shipping company. The company owns and operates product tankers. It is engaged in the transportation of refined oil products The company transports clean petroleum products including gasoline, jet fuel, naphtha, and diesel oil, as well as other clean products. Its segments include the Tanker segment, and Marine Exhaust segment.
Employees: 370
0
Funds holding %
of 6,809 funds
–
Analysts bullish %
Fund manager confidence
Based on 2024 Q3 regulatory filings by fund managers ($100M+ AUM)
55% more first-time investments, than exits
New positions opened: 34 | Existing positions closed: 22
10% more repeat investments, than reductions
Existing positions increased: 53 | Existing positions reduced: 48
8% more funds holding
Funds holding: 143 [Q2] → 155 (+12) [Q3]
7.71% less ownership
Funds ownership: 68.84% [Q2] → 61.13% (-7.71%) [Q3]
11% less call options, than puts
Call options by funds: $14.4M | Put options by funds: $16.1M
28% less capital invested
Capital invested by funds: $2.72B [Q2] → $1.96B (-$760M) [Q3]
50% less funds holding in top 10
Funds holding in top 10: 2 [Q2] → 1 (-1) [Q3]
Research analyst outlook
1 Wall Street Analyst provided 1 year price targets over the past 3 months
Low target
$32
63%
upside
Avg. target
$32
63%
upside
High target
$32
63%
upside
1 analyst rating
1 positive
100%
0 neutral
0%
0 negative
0%
Jefferies | 63%upside $32 | Buy Maintained | 14 Nov 2024 |
Financial journalist opinion
Based on 4 articles about TRMD published over the past 30 days
Positive
Seeking Alpha
1 week ago
Undercovered Dozen: Ubiquiti, Ready Capital, Cardiff Oncology, Vodafone +
The 'Undercovered' Dozen series highlights lesser-covered stocks, offering fresh investment ideas and sparking community discussions on their potential. Ubiquiti Inc. shows promise with operational improvements, Ready Capital Corporation faces liquidity risks, and TORM plc is crucial despite energy sector volatility. Esperion Therapeutics' breakout and Cardiff Oncology's promising trial data present compelling buy opportunities, while Advantest Corporation's high valuation suggests caution.
Neutral
Seeking Alpha
1 week ago
TORM plc: I Was Wrong, Now I'm Long
A few months ago, I wrote an article giving positive coverage to TORM PLC, a Danish tanker company. At the time, I rated the stock a strong buy on the basis of the fact that it was trading at low multiples while performing well as a business. Many readers took the article poorly, noting the stock's selloff after the article published.
Neutral
Seeking Alpha
1 week ago
TORM Stock Could Be A Great Value Investment For The Next Few Years
The global energy sector is evolving, but traditional energy sources remain crucial; TORM plc's tanker fleet is vital for global energy distribution. Despite a 30% decline in TORM's share price due to market volatility, I am bullish on its long-term prospects. TORM's strategic initiatives, like the One TORM platform and fleet renewal, position it well against competitors and ensure operational efficiency.
Positive
Seeking Alpha
3 weeks ago
Of 36 Dividend Power Dogs, 11 Are Buyable In November
Eleven of the 35 Dividend Power Dogs are recommended for their "safer" dividends, with free cash-flow yields exceeding dividend yields, making them ideal buys. The Dividend Power strategy focuses on high earnings yield and high dividend yield, creating a resilient portfolio for both downturns and bull markets. Analysts project significant gains for the top ten DiviPower stocks by November 2025, with potential net gains ranging from 55.4% to 108.51%.
Negative
Seeking Alpha
1 month ago
TORM: Making Sense Of The Collapse And What To Do From Here
Following a 30% decline since my Strong Buy recommendation, I reassess the situation among the rubble. Recent market fundamentals have been negative due to refinery maintenance and increased vessel supply through crude tankers cross-trading into the clean product market. The crude fleet looks to have retreated, but in doing so has depressed their own rates. Investors should monitor for this phenomenon in the future.
Positive
The Motley Fool
1 month ago
Should You Buy the 3 Highest-Paying Dividend Stocks in the Nasdaq?
The superficial logic holds water, but there's always more to the story.
Positive
Benzinga
1 month ago
Top 4 Energy Stocks That Could Blast Off In November
The most oversold stocks in the energy sector presents an opportunity to buy into undervalued companies.
Neutral
Seeking Alpha
1 month ago
TORM plc: Double-Digit Yields And Attractive Discount To NAV (Rating Upgrade)
Considering the weaker seasonality, TORM plc delivered adequate results for 3Q24. YoY revenue grew by 3.9% while net income by 4.8%. TRMD has 59.4% Total Debt to Equity and 40.2% Total Liabilities to Total Assets. For 3Q24, gross interest payments were $18.4 million. In 3Q24, TORM agreed to acquire eight MR tankers built in 2014-2015. The company took delivery of six of the ships.
Neutral
Seeking Alpha
1 month ago
TORM plc (TRMD) Q3 2024 Earnings Call Transcript
TORM plc (NASDAQ:TRMD ) Q3 2024 Earnings Conference Call November 7, 2024 9:00 AM ET Company Participants Jacob Meldgaard – Chief Executive Officer Kim Balle – Chief Financial Officer Conference Call Participants Emily Harkins – Jefferies Operator Hello, my name is Audra and I will be your conference operator today. At this time I would like to welcome everyone to the TORM Third Quarter 2024 Results Conference Call.
Positive
Zacks Investment Research
1 month ago
TORM PLC (TRMD) Q3 Earnings and Revenues Beat Estimates
TORM PLC (TRMD) came out with quarterly earnings of $1.35 per share, beating the Zacks Consensus Estimate of $1.29 per share. This compares to earnings of $1.36 per share a year ago.
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