Analyst RecommendationTrading at 0.2x 4Q24 adjusted BV/share of $8.00, analyst reiterates a Buy rating and $5.00 price target.
Market DemandThe U.S. is expected to continue exporting record amounts of oil and refined products, leading to more demand for tankers while supply growth remains limited.
Shipping RoutesLonger voyages are expected to continue, which typically removes some shipping supply, thereby boosting rates.