Technical Snapshots for These Shipping Stocks -- Scorpio Tankers, Teekay, Euronav, and GasLog

NEW YORK, July 12, 2017 /PRNewswire/ --

If you want a Stock Review on STNG, TK, EURN or GLOG then come over to http://dailystocktracker.com/register/ and sign up for your free customized report today. DailyStockTracker.com has initiated coverage on Scorpio Tankers Inc. (NYSE: STNG), Teekay Corp. (NYSE: TK), Euronav N.V. (NYSE: EURN), and GasLog Ltd (NYSE: GLOG). According to an article on Loop Pacific, the International Maritime Organization (IMO) has adopted a seven-step plan toward decarbonizing the Shipping industry, following pressure exerted by a coalition of Pacific countries. However, while their proposal for the sector to adopt climate target that are in-line with the Paris Agreement gained overwhelming expressions of support, the IMO said that a consensus was not reached between more than 170 member nations at last week's London meeting. Access DailyStockTracker.com's complimentary reports for today's stocks line-up at:

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Scorpio Tankers 

Shares in Monaco-based Scorpio Tankers Inc. climbed 0.53%, ending Tuesday's trading session at $3.80. The stock recorded a trading volume of 2.05 million shares. The Company's shares are trading 4.30% below their 50-day moving average. Moreover, shares of Scorpio Tankers, which together with its subsidiaries, engages in the seaborne transportation of refined petroleum products worldwide, have a Relative Strength Index (RSI) of 44.75.

On June 15^th, 2017, Scorpio Tankers announced that it has completed the acquisition of four LR1 tankers (the "LR1 Vessels") from Navig8 Product Tankers Inc ("NPTI"). On May 23^rd, 2017, the Company announced that it had entered into an agreement to acquire the LR1 Vessels as part of the definitive agreements to merge with NPTI. To acquire the LR1 Vessels, the Company paid $42.2 million in cash consideration and assumed debt of $113.8 million. Visit us today and access your complete report on STNG for free at:

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Teekay 

Hamilton, Bermuda-based Teekay Corp.'s stock declined 1.19%, closing the day at $6.63. A total volume of 2.29 million shares was traded, which was above their three months average volume of 2.22 million shares. The Company's shares have advanced 7.46% in the past month. The stock is trading 1.28% below its 50-day moving average. Additionally, shares of Teekay, which provides crude oil and gas marine transportation; offshore oil production; and storage and offloading services in Bermuda and internationally, have an RSI of 49.83.  

On July 07^th, 2017, Teekay announced that its Board of Directors has declared a cash dividend on its common stock of $0.055 per share for the quarter ended June 30^th, 2017. The cash dividend is payable on August 16^th, 2017, to all shareholders of record as at August 04^th, 2017. The complimentary research report on TK can be accessed at:

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Euronav 

On Tuesday, shares in Antwerp, Belgium headquartered Euronav N.V. recorded a trading volume of 284,656 shares. The stock ended the day 0.65% higher at $7.75. The Company's shares have advanced 5.44% in the past month, and are trading above their 50-day moving average by 1.41%. Furthermore, shares of Euronav, which owns, operates, and manages a fleet of vessels for the transportation and storage of crude oil and petroleum products, have an RSI of 54.58. Register for free on DailyStockTracker.com and download the research report on EURN at:

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GasLog 

Monaco-based GasLog Ltd's stock rose 0.93%, finishing yesterday's session at $16.30 with a total trading volume of 323,679 shares. The Company's shares have advanced 18.98% in the last one month, 7.95% in the previous three months, and 1.24% on an YTD basis. The stock is trading above its 50-day and 200-day moving averages by 15.50% and 6.68%, respectively. Additionally, shares of GasLog, which operates as an owner, operator, and manager of liquefied natural gas carriers, have an RSI of 71.49.

On June 13^th, 2017, research firm Morgan Stanley upgraded the Company's stock rating from 'Equal-Weight' to 'Overweight'. Get free access to your research report on GLOG at:

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