SFL (NYSE:SFL) Rating Lowered to “Sell” at Wall Street Zen

SFL (NYSE:SFL) was downgraded by equities researchers at Wall Street Zen from a “hold” rating to a “sell” rating in a research report issued to clients and investors on Sunday.

A number of other equities research analysts also recently issued reports on SFL. BTIG Research lifted their price target on shares of SFL from $10.00 to $11.00 and gave the company a “buy” rating in a research report on Tuesday, November 11th. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of SFL in a research note on Monday, December 8th. One research analyst has rated the stock with a Buy rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, SFL currently has a consensus rating of “Hold” and a consensus price target of $11.00.

SFL Trading Down 4.3%

NYSE:SFL opened at $7.75 on Friday. SFL has a 1 year low of $6.73 and a 1 year high of $11.14. The company has a debt-to-equity ratio of 1.96, a quick ratio of 0.42 and a current ratio of 0.42. The stock has a fifty day moving average price of $7.69 and a two-hundred day moving average price of $8.27. The stock has a market capitalization of $1.13 billion, a price-to-earnings ratio of -774.50 and a beta of 0.45.

SFL (NYSE:SFL) last posted its quarterly earnings results on Wednesday, November 12th. The shipping company reported $0.07 earnings per share for the quarter, topping analysts’ consensus estimates of ($0.01) by $0.08. SFL had a negative net margin of 0.20% and a positive return on equity of 3.05%. The business had revenue of $178.21 million for the quarter, compared to analysts’ expectations of $172.45 million. During the same period in the prior year, the company posted $0.34 EPS. The business’s revenue for the quarter was down 30.2% on a year-over-year basis.

Institutional Investors Weigh In On SFL

Institutional investors and hedge funds have recently modified their holdings of the stock. Signaturefd LLC grew its holdings in SFL by 65.3% during the 2nd quarter. Signaturefd LLC now owns 3,392 shares of the shipping company’s stock valued at $28,000 after purchasing an additional 1,340 shares in the last quarter. EverSource Wealth Advisors LLC lifted its holdings in shares of SFL by 789.3% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 3,317 shares of the shipping company’s stock worth $28,000 after purchasing an additional 2,944 shares during the last quarter. Quarry LP boosted its holdings in shares of SFL by 183.6% during the first quarter. Quarry LP now owns 3,706 shares of the shipping company’s stock valued at $30,000 after acquiring an additional 2,399 shares during the period. Triumph Capital Management bought a new position in SFL in the 3rd quarter worth about $32,000. Finally, Parallel Advisors LLC grew its holdings in SFL by 43.1% in the 2nd quarter. Parallel Advisors LLC now owns 6,010 shares of the shipping company’s stock worth $50,000 after buying an additional 1,810 shares in the last quarter. Hedge funds and other institutional investors own 28.59% of the company’s stock.

SFL Company Profile

SFL Corporation Ltd., a maritime and offshore asset owning and chartering company, engages in the ownership, operation, and chartering out of vessels and offshore related assets on medium and long-term charters. The company operates in various sectors of the maritime, and shipping and offshore industries, including oil transportation, dry bulk shipments, chemical transportation, oil products transportation, container transportation, car transportation, and drilling rigs.