SFL (NYSE:SFL) Stock Rating Lowered by Wall Street Zen

SFL (NYSE:SFL) was downgraded by investment analysts at Wall Street Zen from a “hold” rating to a “sell” rating in a research note issued to investors on Sunday.

Several other equities research analysts have also recently issued reports on the stock. Weiss Ratings reiterated a “sell (d+)” rating on shares of SFL in a research report on Monday, December 8th. BTIG Research lifted their target price on SFL from $10.00 to $11.00 and gave the stock a “buy” rating in a report on Tuesday, November 11th. One investment analyst has rated the stock with a Buy rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $11.00.

SFL Stock Up 1.3%

NYSE SFL opened at $7.85 on Friday. The stock’s 50-day moving average price is $7.69 and its 200-day moving average price is $8.27. The company has a market capitalization of $1.14 billion, a P/E ratio of -785.20 and a beta of 0.45. SFL has a 52 week low of $6.73 and a 52 week high of $11.14. The company has a quick ratio of 0.42, a current ratio of 0.42 and a debt-to-equity ratio of 1.96.

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

Institutional Trading of SFL

A number of institutional investors have recently made changes to their positions in SFL. Signaturefd LLC grew its stake in shares of SFL by 65.3% during the second quarter. Signaturefd LLC now owns 3,392 shares of the shipping company’s stock worth $28,000 after acquiring an additional 1,340 shares during the last quarter. EverSource Wealth Advisors LLC grew its position in SFL by 789.3% during 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 period. Quarry LP grew its holdings in SFL by 183.6% during the first quarter. Quarry LP now owns 3,706 shares of the shipping company’s stock worth $30,000 after acquiring an additional 2,399 shares during the period. Triumph Capital Management purchased a new position in shares of SFL during the 3rd quarter valued at approximately $32,000. Finally, Parallel Advisors LLC raised its position in shares of SFL by 43.1% in the second quarter. Parallel Advisors LLC now owns 6,010 shares of the shipping company’s stock worth $50,000 after acquiring an additional 1,810 shares during the period. Institutional investors and hedge funds 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.