Wall Street Zen Upgrades Oceanpal (NASDAQ:SVRN) to Hold

Oceanpal (NASDAQ:SVRN) was upgraded by research analysts at Wall Street Zen to a “hold” rating in a note issued to investors on Saturday, Wall Street Zen reports.

Separately, Weiss Ratings upgraded Oceanpal from a “sell (e+)” rating to a “sell (d-)” rating in a research note on Thursday, September 24th. One research analyst has rated the stock with a Sell rating. According to MarketBeat, Oceanpal currently has an average rating of “Sell”.

Oceanpal Stock Performance

Shares of NASDAQ SVRN opened at $35.05 on Friday. The company has a market cap of $65.89 million, a P/E ratio of -0.04 and a beta of 0.94. Oceanpal has a 12-month low of $3.12 and a 12-month high of $74.74. The business has a 50 day moving average of $22.69.

Oceanpal Company Profile

OceanPal Inc is a maritime transportation company focused on owning and operating dry bulk vessels. Its ships are used to transport major dry bulk commodities, including iron ore, grain, coal and other bulk cargoes.

The company serves international trade routes and typically makes its vessels available to customers through time charters, voyage charters or other commercial arrangements. Its operations are therefore tied to global shipping demand and the movement of commodities between producing and consuming regions.

OceanPal was established as an independent shipping company following its separation from Diana Shipping Inc The company is headquartered in Greece and has historically operated a fleet of dry bulk carriers.