OceanPal Inc. (OP)

NASDAQ: OP · IEX Real-Time Price · USD
2.350
-0.110 (-4.47%)
At close: Apr 25, 2024, 3:39 PM
2.370
+0.020 (0.85%)
After-hours: Apr 25, 2024, 7:49 PM EDT
-4.47%
Market Cap 17.51M
Revenue (ttm) 18.96M
Net Income (ttm) -6.71M
Shares Out 7.45M
EPS (ttm) -3.83
PE Ratio n/a
Forward PE n/a
Dividend n/a
Ex-Dividend Date n/a
Volume 7,996
Open 2.510
Previous Close 2.460
Day's Range 2.350 - 2.510
52-Week Range 1.260 - 6.000
Beta 0.53
Analysts n/a
Price Target n/a
Earnings Date Apr 11, 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. 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...

9 days 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 ...

14 days 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
2 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...

5 months 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...

7 months 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...

8 months 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...

9 months 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...

10 months 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
11 months 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...

11 months 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...

11 months 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

OceanPal Inc. Announces Closing of Approximately US$15.2 Million Public Offering

ATHENS, Greece, Feb. 10, 2023 (GLOBE NEWSWIRE) -- OceanPal Inc. (NASDAQ: OP) (the “Company”), a global shipping company specializing in the ownership of vessels, announced today the closing of its pub...

1 year ago - GlobeNewsWire

OceanPal Inc. Announces Delivery of the Panamax Dry Bulk Vessel m/v Melia

ATHENS, Greece, Feb. 09, 2023 (GLOBE NEWSWIRE) -- OceanPal Inc. (NASDAQ: OP) (the “Company”), a global shipping company specializing in the ownership of vessels, today announced that, through a separa...

1 year ago - GlobeNewsWire

OceanPal Inc. Announces Pricing of Approximately US$15.2 Million Public Offering

ATHENS, Greece, Feb. 08, 2023 (GLOBE NEWSWIRE) -- OceanPal Inc. (NASDAQ: OP) (the “Company”), a global shipping company specializing in the ownership of vessels, announced today the pricing of a publi...

1 year ago - GlobeNewsWire

OceanPal Inc. Announces Time Charter Contract for m/v Baltimore With Koch

ATHENS, Greece, Feb. 06, 2023 (GLOBE NEWSWIRE) -- OceanPal Inc. (NASDAQ: OP) (the “Company”), a global shipping company specializing in the ownership of vessels, today announced that, through a separa...

1 year ago - GlobeNewsWire

OceanPal Inc. Announces Appointment of Chief Executive Officer

ATHENS, Greece, Feb. 02, 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 Entry Into Agreement to Acquire a Panamax Dry Bulk Vessel

ATHENS, Greece, Feb. 01, 2023 (GLOBE NEWSWIRE) -- OceanPal Inc. (NASDAQ: OP) (the “Company”), a global shipping company specializing in the ownership of vessels, today announced that it has signed, th...

1 year ago - GlobeNewsWire

OceanPal Inc. Regains Compliance With Nasdaq Minimum Bid Price Requirement

ATHENS, Greece, Jan. 11, 2023 (GLOBE NEWSWIRE) -- OceanPal Inc. (NASDAQ: OP) (the “Company”), a global shipping company specializing in the ownership of vessels, announced that on January 9, 2023, the...

1 year ago - GlobeNewsWire

OceanPal Inc. Announces Revised Effective Date of Reverse Stock Split

ATHENS, Greece, Dec. 21, 2022 (GLOBE NEWSWIRE) -- OceanPal Inc. (NASDAQ: OP) (the “Company”), a global shipping company specializing in the ownership of vessels, announced today that the Company is am...

1 year ago - GlobeNewsWire