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Torm PLC (TRMD)

Stock Price: $8.46 USD 0.49 (6.15%)
Updated Mar 2, 2021 4:00 PM EST - Market closed
Pre-market: $8.65 +0.19 (2.25%) Mar 3, 8:24 AM
Market Cap 634.59M
Revenue (ttm) 747.36M
Net Income (ttm) 88.11M
Shares Out 74.75M
EPS (ttm) 3.69
PE Ratio 2.29
Forward PE n/a
Dividend $0.95
Dividend Yield 11.23%
Trading Day March 2
Last Price $8.46
Previous Close $7.97
Change ($) 0.49
Change (%) 6.15%
Day's Open 8.72
Day's Range 8.43 - 8.74
Day's Volume 101,058
52-Week Range 5.88 - 43.49

News

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GlobeNewsWire - 1 day ago

Enclosed please find the notice of and the complete proposals for the Annual General Meeting of TORM plc to be held on 14 April 2021.

GlobeNewsWire - 2 days ago

“I am very pleased that our integrated One TORM platform enabled us to deliver a solid EBITDA of USD 272m and a considerable cash return to shareholders totaling USD 71m in dividends during 20...

GlobeNewsWire - 2 days ago

TORM has today entered into an agreement to purchase eight 2007-2012 built MR product tanker vessels from TEAM Tankers Deep Sea Ltd. for a total cash consideration of USD 82.5m and the issuanc...

GlobeNewsWire - 1 week ago

TORM plc (“TORM” or the “Company”) (ticker: TRMD A on Nasdaq in Copenhagen and TRMD on Nasdaq in New York) will release its financial results for 2020 on Monday, 1 March 2021.

Seeking Alpha - 1 month ago

Gasoline and crude oil inventories remain bloated worldwide, hurting the demand and pricing of tanker services. TORM is well-run, has a clean balance sheet, and holds pent-up value for investors.

GlobeNewsWire - 1 month ago

TORM plc (“TORM”) increases its share capital by 7,089 A-shares (corresponding to a nominal value of USD 70.89) as a result of the exercise of a corresponding number of Restricted Share Units.

GlobeNewsWire - 2 months ago

TORM plc expects to issue financial statements and convene its Annual General Meeting on the following dates in 2021:

GlobeNewsWire - 2 months ago

TORM plc (“TORM”) increases its share capital by 3,333 A-shares (corresponding to a nominal value of USD 33.33) as a result of the exercise of a corresponding number of Restricted Share Units.

Investopedia - 2 months ago

These are the oil and gas stocks with the best value, fastest growth, and most momentum for Q1 2021.

Other stocks mentioned: EURN, FLNG, TGS, TNK, VVV, WLL
GlobeNewsWire - 3 months ago

TORM plc (“TORM”) increases its share capital by 24,811 A-shares (corresponding to a nominal value of USD 248.11) as a result of the exercise of a corresponding number of Restricted Share Units.

Seeking Alpha - 3 months ago

TORM plc (TRMD) CEO Jacob Meldgaard on Q3 2020 Results - Earnings Call Transcript

GlobeNewsWire - 3 months ago

“I am pleased that TORM in the third quarter of 2020 and for the fourth consecutive quarter has achieved a positive result. A result that has been achieved in an oil and product tanker market ...

GlobeNewsWire - 3 months ago

TORM plc (“TORM” or the “Company”) (ticker: TRMD A on Nasdaq in Copenhagen and TRMD on Nasdaq in New York) will release its financial results for the third quarter of 2020 on Wednesday, 11 Nov...

Seeking Alpha - 4 months ago

TORM brought exceptional results in H1, as prices jumped for floating storage vessels after the demand spike. Vessels are getting older, and there will be large investments, negatively affecti...

Investopedia - 5 months ago

These are the oil and gas stocks with the best value, fastest growth, and most momentum for Q4 2020.

Other stocks mentioned: CNNEF, HMLP, REGI, TALO, TNK, WLL, XLE
GlobeNewsWire - 5 months ago

TORM plc has been notified of the following transaction in TORM plc securities:

Seeking Alpha - 6 months ago

TORM plc (TRMD) CEO Jacob Meldgaard on Q2 2020 Results - Earnings Call Transcript

GlobeNewsWire - 6 months ago

“The strong market during the first quarter continued into the second quarter of 2020, which has resulted in the strongest half-year since 2008. TORM achieved a profit before tax of USD 128m f...

GlobeNewsWire - 6 months ago

TORM plc (“TORM” or the “Company”) (ticker: TRMD A on Nasdaq in Copenhagen and TRMD on Nasdaq in New York) will release its financial results for the second quarter and first half of 2020 on M...

GlobeNewsWire - 8 months ago

TORM plc has been notified of the following transaction in TORM plc securities:

GlobeNewsWire - 8 months ago

TORM plc (“TORM”) increases its share capital by 67,132 A-shares (corresponding to a nominal value of USD 671.32) as a result of the exercise of a corresponding number of Restricted Share Units.

GlobeNewsWire - 9 months ago

TORM plc has been notified of the following transaction in TORM plc securities:

GlobeNewsWire - 9 months ago

In accordance with TORM plc’s (“TORM”) Remuneration Policy adopted by the Annual General Meeting of TORM plc on 12 April 2018, the Board of Directors has as part of a long-term incentive progr...

Seeking Alpha - 9 months ago

TORM plc (TRMD) CEO Jacob Meldgaard on Q1 2020 Results - Earnings Call Transcript

GlobeNewsWire - 9 months ago

“During the first quarter of 2020, TORM obtained a profit before tax of USD 57m, which represents the strongest start to a year in more than a decade. The strong start has continued and has fu...

GlobeNewsWire - 9 months ago

Today, the High Court has approved a reduction of TORM plc’s share premium account by USD 900m (the "Capital Reduction") under section 648 of the Companies Act 2006. The Capital Reduction was ...

Seeking Alpha - 10 months ago

Floating Distillate Storage - Clean Tankers

Other stocks mentioned: DSSI, NNA, STNG, TNK
GlobeNewsWire - 10 months ago

As previously announced, the Board of Directors authorized – and at the Company’s AGM on 15 April 2020 the Company’s shareholders approved – a dividend payment for the six months ended 31 Dece...

The Motley Fool - 10 months ago

What went up just came back down. Why?

GlobeNewsWire - 10 months ago

TORM plc has been notified of the following transaction in TORM plc securities:

GlobeNewsWire - 10 months ago

TORM plc (the “Company”) announces that all the resolutions set out in the notice of the Annual General Meeting dated 13 March 2020 were duly passed on a poll at today’s Annual General Meeting...

GlobeNewsWire - 10 months ago

TORM plc has been notified of the following transaction in TORM plc securities:

Seeking Alpha - 11 months ago

COVID-19 is delivering a devastating impact to global markets, with oil routing the hardest due to a double-punch from the Saudi/Russia oil price war.

Other stocks mentioned: ASC, CPLP, DAC, DSSI, ESEA, EURN, FLNG, FRO, GLNG, GRIN, INSW, LPG, PXS, SALT, SB, SBLK, SHIP, STNG, TGP, TNK, TNP
GlobeNewsWire - 11 months ago

As part of TORM’s previously announced share buyback program, TORM plc (“TORM”) has purchased 180,500 of its Class A shares of USD 0.01 each (“A-shares”) between 12 and 26 March 2020 at an ave...

GlobeNewsWire - 11 months ago

Enclosed please find the notice of and the complete proposals for the Annual General Meeting of TORM plc to be held on 15 April 2020.

Seeking Alpha - 11 months ago

TORM plc (TRMD) CEO Jacob Meldgaard on Q4 2019 Results - Earnings Call Transcript

GlobeNewsWire - 11 months ago

“The product tanker market improved significantly in 2019 compared to previous years, resulting in the strongest full-year results in three years, supported by our superior integrated One TORM...

GlobeNewsWire - 1 year ago

“I am very pleased that TORM has utilized its long-term relationship with Guangzhou Shipyard International to enter into an agreement to purchase two LR2 newbuildings. These newbuildings will ...

GlobeNewsWire - 1 year ago

TORM plc (“TORM”) increases its share capital by 12,405 A-shares (corresponding to a nominal value of USD 124.05) as a result of the exercise of a corresponding number of Restricted Share Units.

GlobeNewsWire - 1 year ago

TORM has obtained commitment from leading ship lending banks for two separate term facilities and a revolving credit facility of up to a total of USD 496m. These facilities replace four term l...

GlobeNewsWire - 1 year ago

TORM plc expects to issue financial statements and convene its Annual General Meeting on the following dates in 2020:

GlobeNewsWire - 1 year ago

TORM plc (“TORM”) increases its share capital by 31,899 A-shares (corresponding to a nominal value of USD 318.99) as a result of the exercise of a corresponding number of Restricted Share Units.

GlobeNewsWire - 1 year ago

TORM plc (“TORM”) increases its share capital by 54,727 A-shares (corresponding to a nominal value of USD 547.27) as a result of the exercise of a corresponding number of Restricted Share Units.

GlobeNewsWire - 1 year ago

TORM plc has been notified of the following transaction in TORM plc securities:

Seeking Alpha - 1 year ago

TORM plc (TRMD) CEO Jacob Meldgaard on Q3 2019 Results - Earnings Call Transcript

GlobeNewsWire - 1 year ago

TORM plc (“TORM”) will increase its share capital by 42,533 A-shares (corresponding to a nominal value of USD 425.33) as a result of the exercise of a corresponding number of Restricted Share ...

Seeking Alpha - 1 year ago

TORM Plc (TRMD) CEO Jacob Meldgaard on Q2 2019 Results - Earnings Call Transcript

Seeking Alpha - 1 year ago

TORM plc (TRMD) CEO Jacob Meldgaard on Q1 2019 Results - Earnings Call Transcript

About TRMD

TORM plc, a product tanker company, engages in the transportation of refined oil products worldwide. The company transports gasoline, jet fuel, naphtha, and diesel oil. As of March 13, 2020, it operated a fleet of approximately 80 vessels. The company was founded in 1889 and is based in London, the United Kingdom. TORM PLC is a subsidiary of Njord Luxco.

Industry
Oil & Gas Midstream
Founded
1889
CEO
Jacob Balslev Meldgaard
Employees
455
Stock Exchange
NASDAQ
Ticker Symbol
TRMD
Full Company Profile

Financial Performance

In 2020, Torm PLC's revenue was $747.36 million, an increase of 7.90% compared to the previous year's $692.61 million. Earnings were $88.11 million, a decrease of -46.93%.

Financial Statements

Analyst Forecasts

According to one analyst, the rating for Torm PLC stock is "Strong Buy" and the 12-month stock price forecast is 9.00.

Price Target
$9.00
Analyst Consensus: Strong Buy