Dry Bulk Sector On Fire as Analyst Upgrades 7 Shipping Stocks (DSX, EGLE, EXM, more)

May 19, 2009 11:03 AM EDT

An analyst at Dahlman Rose, a small research firm that specializes in the natural resources supply chain, and specifically marine transport, is moving the entire dry bulk shipping sector today. The Dahlman analyst upgraded 7 stocks in the sector today, causing dry bulk stocks which were not even upgraded to rise.

  • Diana Shipping (NYSE: DSX) from Hold to Buy. Up 5.1%
  • Eagle Bulk Shipping (Nasdaq: EGLE) from Hold to Buy. Up 7.3%
  • Genco Shipping (NYSE: GNK) from Hold to Buy. Up 7.4%
  • Paragon Shipping (Nasdaq: PRGN) from Hold to Buy. Up 10.9%
  • Safe Bulkers (NYSE: SB) from Hold to Buy. Up 11.1%
  • Star Bulk Carriers (Nasdaq: SBLK) from Hold to Buy. Up 15.5%
  • Excel Maritime (NYSE: EXM) from Sell to Hold. Up 4.7%
Elsewhere in the sector: DryShips (Nasdaq: DRYS) up 2.4%, Navios Maritime (NYSE: NM) up 6.7%, TBS International (Nasdaq: TBSI) up 9% and DHT Maritime (NYSE: DHT), which reported its Q1 results this morning, is up 4.3%.


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Stocks Mentioned

DHT 4.23

+0.06 +1.44%
Volume: 269,688
Track DHT

DRYS 6.34

-0.02 -0.31%
Volume: 18,280,441
Track DRYS

DSX 15.88

-0.11 -0.69%
Volume: 2,000,422
Track DSX

EGLE 5.76

-0.03 -0.52%
Volume: 2,593,608
Track EGLE

EXM 7.13

+0.00 +0.00%
Volume: 1,213,979
Track EXM

GNK 24.29

-0.15 -0.61%
Volume: 1,524,096
Track GNK

NM 5.98

-0.08 -1.32%
Volume: 835,459
Track NM

PRGN 5.05

-0.03 -0.59%
Volume: 893,309
Track PRGN

SB 8.96

-0.07 -0.78%
Volume: 53,636
Track SB

SBLK 3.10

-0.05 -1.59%
Volume: 775,256
Track SBLK

TBSI 7.93

-0.01 -0.13%
Volume: 195,645
Track TBSI


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