OceanPal Inc. (OP)

NASDAQ: OP · Real-Time Price · USD
1.090
-0.015 (-1.36%)
At close: Dec 20, 2024, 4:00 PM
1.130
+0.040 (3.67%)
After-hours: Dec 20, 2024, 7:48 PM EST
-1.36%
Market Cap 8.18M
Revenue (ttm) 22.10M
Net Income (ttm) -17.05M
Shares Out 7.50M
EPS (ttm) -2.68
PE Ratio n/a
Forward PE n/a
Dividend n/a
Ex-Dividend Date n/a
Volume 20,221
Open 1.100
Previous Close 1.105
Day's Range 1.070 - 1.160
52-Week Range 1.040 - 3.145
Beta 0.49
Analysts n/a
Price Target n/a
Earnings Date Dec 20, 2024

About OP

OceanPal Inc. provides ocean-going transportation services worldwide. The company owns and operates dry bulk carriers that transport major bulks, such as iron ore, coal, and grains, as well as minor bulks, including bauxite, phosphate, and fertilizers. As of December 31, 2023, its fleet consisted of five dry bulk carriers, which include three Panamaxes and two Capesize vessels with a cargo carrying capacity of approximately 572,599 deadweight tons. The company was incorporated in 2021 and is based in Athens, Greece. [Read more]

Industry Marine Shipping
Sector Industrials
Founded 2021
Country Greece
Stock Exchange NASDAQ
Ticker Symbol OP
Full Company Profile

Financial Performance

In 2023, OceanPal's revenue was $18.96 million, a decrease of -0.67% compared to the previous year's $19.09 million. Losses were -$6.71 million, 150.8% more than in 2022.

Financial Statements

News

OceanPal Inc. Reports Financial Results for the Third Quarter and Nine Months Ended September 30, 2024

ATHENS, Greece, Dec. 20, 2024 (GLOBE NEWSWIRE) -- OceanPal Inc. (NASDAQ: OP) (the “Company”), a global shipping company specializing in the ownership of vessels, today reported vessel revenues of $7.5...

1 day ago - GlobeNewsWire

Oceanpal Inc. Announces Delivery of the MR2 Tanker Vessel Zeze Start

ATHENS, Greece, Sept. 09, 2024 (GLOBE NEWSWIRE) -- OceanPal Inc. (NASDAQ:OP) (“OceanPal” or the “Company”), a global shipping company specializing in the ownership of vessels, today announced that it ...

3 months ago - GlobeNewsWire

OceanPal Inc. Reports Financial Results For The Second Quarter And Six Months Ended June 30, 2024

ATHENS, Greece, Aug. 07, 2024 (GLOBE NEWSWIRE) -- OceanPal Inc. (NASDAQ: OP) (the “Company”), a global shipping company specializing in the ownership of vessels, today reported time charter revenues o...

4 months ago - GlobeNewsWire

OceanPal Inc. Announces Agreement to Acquire an MR2 Tanker Vessel

ATHENS, Greece, July 16, 2024 (GLOBE NEWSWIRE) -- OceanPal Inc. (NASDAQ:OP) (“OceanPal” or the “Company”), a global shipping company specializing in the ownership of vessels, today announced that it h...

5 months ago - GlobeNewsWire

OceanPal Inc. Reports Financial Results for the First Quarter Ended March 31, 2024

ATHENS, Greece, June 06, 2024 (GLOBE NEWSWIRE) -- OceanPal Inc. (NASDAQ: OP) (the “Company”), a global shipping company specializing in the ownership of vessels, today reported time charter revenues o...

7 months ago - GlobeNewsWire

OceanPal Inc. Announces Results of 2024 Annual Meeting of Shareholders

ATHENS, Greece, May 17, 2024 (GLOBE NEWSWIRE) -- OceanPal Inc. (NASDAQ: OP) (the “Company”), a global shipping company specializing in the ownership of vessels, today announced that the Company's Annu...

7 months ago - GlobeNewsWire

OceanPal Inc. Announces Entry Into Support Agreement With Sphinx Investment Corp.; Sphinx Terminates its Proxy Contest and Enters Into Voting Commitment; Mr. Economou Expected to be Made Available to Provide Strategic Advice

ATHENS, Greece, May 17, 2024 (GLOBE NEWSWIRE) -- OceanPal Inc. (“OceanPal” or the “Company”) (NASDAQ: OP) announced today that it has entered into a Support Agreement (the “Agreement”) with Sphinx Inv...

7 months ago - GlobeNewsWire

Oceanpal Inc. Announces Time Charter Contract for M/V Baltimore With Richland Bulk and the Sale of M/V Baltimore

ATHENS, Greece, April 30, 2024 (GLOBE NEWSWIRE) -- OceanPal Inc. (NASDAQ: OP) (the “Company”), a global shipping company specializing in the ownership of vessels, today announced that, through a separ...

8 months ago - GlobeNewsWire

OceanPal Inc. Announces the Filing of Its Annual Report on Form 20-F

ATHENS, Greece, April 16, 2024 (GLOBE NEWSWIRE) -- OceanPal Inc. (NASDAQ: OP) (the “Company”), a global shipping company specializing in the ownership of vessels, today announced that it has filed its...

8 months ago - GlobeNewsWire

OceanPal Inc. Reports Financial Results for the Fourth Quarter and Year Ended December 31, 2023

ATHENS, Greece, April 11, 2024 (GLOBE NEWSWIRE) -- OceanPal Inc. (NASDAQ: OP) (the “Company”), a global shipping company specializing in the ownership of vessels, today reported time charter revenues ...

9 months ago - GlobeNewsWire

Top 2 Industrials Stocks That May Explode This Quarter - OceanPal (NASDAQ:OP), Avis Budget Gr (NASDAQ:CAR)

The most oversold stocks in the industrials sector presents an opportunity to buy into undervalued companies.

Other symbols: CAR
10 months ago - Benzinga

OceanPal inc. Reports Financial Results for the Third Quarter and Nine Months Ended September 30, 2023

ATHENS, Greece, Dec. 06, 2023 (GLOBE NEWSWIRE) -- OceanPal Inc. (NASDAQ: OP) (the “Company”), a global shipping company specializing in the ownership of vessels, today reported a net loss of $3.4 mill...

1 year ago - GlobeNewsWire

OceanPal Inc. Announces Time Charter Contract for m/v Salt Lake City With Five Ocean Corporation

ATHENS, Greece, Sept. 22, 2023 (GLOBE NEWSWIRE) -- OceanPal Inc. (NASDAQ: OP) (the “Company”), a global shipping company specializing in the ownership of vessels, today announced that, through a separ...

1 year ago - GlobeNewsWire

OceanPal Inc. Becomes Strategic Partner In Two 6,600dwt Methanol-Ready Chemical Tanker Newbuildings

ATHENS, Greece, Aug. 29, 2023 (GLOBE NEWSWIRE) -- OceanPal Inc. (NASDAQ: OP) (the “Company”), a global shipping company specializing in the ownership of vessels, announced that the Company today agree...

1 year ago - GlobeNewsWire

OceanPal Inc. Reports Financial Results for the Second Quarter and Six Months Ended June 30, 2023

ATHENS, Greece, Aug. 08, 2023 (GLOBE NEWSWIRE) -- OceanPal Inc. (NASDAQ: OP) (the “Company”), a global shipping company specializing in the ownership of vessels, today reported net income of $1.26 mil...

1 year ago - GlobeNewsWire

OceanPal Inc. Regains Compliance With NASDAQ Minimum Bid Price Requirement

ATHENS, Greece, June 27, 2023 (GLOBE NEWSWIRE) -- OceanPal Inc. (NASDAQ: OP) (the “Company”), a global shipping company specializing in the ownership of vessels, announced that on June 23, 2023, the C...

1 year ago - GlobeNewsWire

Top 5 Industrials Stocks Which Could Blast Off This Quarter

The most oversold stocks in the industrials sector presents an opportunity to buy into undervalued companies.

Other symbols: NXUPIXYSTAF
1 year ago - Benzinga

OceanPal Inc. Reports Financial Results for the First Quarter Ended March 31, 2023

ATHENS, Greece, June 13, 2023 (GLOBE NEWSWIRE) -- OceanPal Inc. (NASDAQ: OP) (the “Company”), a global shipping company specializing in the ownership of vessels, today reported net income of $88 thous...

1 year ago - GlobeNewsWire

OceanPal Inc. Announces Reverse Stock Split to be Effective June 8, 2023

ATHENS, Greece, June 07, 2023 (GLOBE NEWSWIRE) -- OceanPal Inc. (NASDAQ: OP) (the “Company”), a global shipping company specializing in the ownership of vessels, announced today that its board of dire...

1 year ago - GlobeNewsWire

OceanPal Inc. Announces Results of 2023 Annual Meeting of Shareholders

ATHENS, Greece, May 04, 2023 (GLOBE NEWSWIRE) -- OceanPal Inc. (NASDAQ: OP) (the “Company”), a global shipping company specializing in the ownership of vessels, today announced that the Company's Annu...

1 year ago - GlobeNewsWire

OceanPal Inc. Announces Appointments of Executive Officers and Time Charter Contract for m/v Salt Lake City

ATHENS, Greece, April 25, 2023 (GLOBE NEWSWIRE) -- OceanPal Inc. (NASDAQ: OP) (the “Company”), a global shipping company specializing in the ownership of vessels, today announced that it has appointed...

1 year ago - GlobeNewsWire

OceanPal Inc. Announces Time Charter Contract for M/V Melia With Louis Dreyfus

ATHENS, Greece, April 12, 2023 (GLOBE NEWSWIRE) -- OceanPal Inc. (NASDAQ: OP) (the “Company”), a global shipping company specializing in the ownership of vessels, today announced that, through a separ...

1 year ago - GlobeNewsWire

OceanPal Inc. Announces Receipt of Nasdaq Notice

ATHENS, Greece, March 30, 2023 (GLOBE NEWSWIRE) -- OceanPal Inc. (NASDAQ: OP) (the “Company”), a global shipping company specializing in the ownership of vessels, today announced that it has received ...

1 year ago - GlobeNewsWire

OceanPal Inc. Reports Financial Results for the Fourth Quarter and Year Ended December 31, 2022

ATHENS, Greece, March 30, 2023 (GLOBE NEWSWIRE) -- OceanPal Inc. (NASDAQ: OP) (the “Company”), a global shipping company specializing in the ownership of vessels, today reported a net loss of $2.5 mil...

1 year ago - GlobeNewsWire

OceanPal Inc. Announces Date for Its 2023 Annual Meeting of Shareholders

ATHENS, Greece, March 28, 2023 (GLOBE NEWSWIRE) -- OceanPal Inc. (NASDAQ: OP) (the “Company”), a global shipping company specializing in the ownership of vessels, will hold its annual meeting of share...

1 year ago - GlobeNewsWire