Over 1 Year Ago
1 Min Read

SFL is making big moves today. Find out why the stock is trading 7% higher:



Ship Finance International (SFL) is trading 7% higher at $11.335 today. While it's a mildly green day for the Energy sector in general, the stock is zooming past it's peers.

The share price is rising on a strong earnings report showing increasing profits. The company reported second-quarter operating revenue growth of 0.6% Q/Q to $153.3 million, beating the consensus of $149.65 million. EPS was $0.45 for the quarter, compared to $0.37 in Q1.

Ship Finance International has been trading between a 52-week high of $11.37 and a 52-week low of $6.52. The stock has a market cap of $1.57 Billion.

SFL has a unique track record in the maritime industry and has paid dividends every quarter since its initial listing on the New York Stock Exchange in 2004. The Company’s fleet of more than 80 vessels is split between tankers, bulkers, container vessels and offshore drilling rigs. SFL’s long term distribution capacity is supported by a portfolio of long term charters and significant growth in the asset base over time.