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Torm PLC (TRMD)

Stock Price: $9.95 USD 0.47 (4.96%)
Updated May 10, 2021 4:00 PM EDT - Market closed
Pre-market: $9.70 -0.25 (-2.51%) May 11, 4:00 AM
Market Cap 739.29M
Revenue (ttm) 747.36M
Net Income (ttm) 88.11M
Shares Out 76.19M
EPS (ttm) 1.19
PE Ratio 8.39
Forward PE n/a
Dividend $0.85
Dividend Yield 8.54%
Trading Day May 10
Last Price $9.95
Previous Close $9.48
Change ($) 0.47
Change (%) 4.96%
Day's Open 9.58
Day's Range 9.59 - 10.05
Day's Volume 39,541
52-Week Range 5.88 - 10.05

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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 first quarter of 2021 on Wednesday, 12 May 2021.

5 days ago - GlobeNewsWire

With reference to Company Announcement no. 03 dated 01 March 2021 regarding the acquisition of eight 2007-2012 built MR product tanker vessels from TEAM Tankers Deep Sea Ltd, TORM plc (“TORM”) has incre...

3 weeks ago - GlobeNewsWire

TORM plc (“TORM”) increases its share capital by 14,178 A-shares (corresponding to a nominal value of USD 141.78) as a result of the exercise of a corresponding number of Restricted Share Units.

3 weeks ago - GlobeNewsWire

TORM plc (the “Company”) announces that all the resolutions set out in the notice of the Annual General Meeting dated 01 March 2021 were duly passed on a poll at today's Annual General Meeting. The resu...

3 weeks ago - GlobeNewsWire

With reference to Company Announcement no. 03 dated 01 March 2021 regarding the acquisition of eight 2007-2012 built MR product tanker vessels from TEAM Tankers Deep Sea Ltd, TORM plc (“TORM”) has incre...

1 month ago - GlobeNewsWire

TORM plc (“TORM”) increases its share capital by 17,511 A-shares (corresponding to a nominal value of USD 175.11) as a result of the exercise of a corresponding number of Restricted Share Units.

1 month ago - GlobeNewsWire

TORM plc (“TORM”) increases its share capital by 31,054 A-shares (corresponding to a nominal value of USD 310.54) as a result of the exercise of a corresponding number of Restricted Share Units.

1 month ago - GlobeNewsWire

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.

2 months ago - GlobeNewsWire

“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 2020. I am f...

2 months ago - GlobeNewsWire

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 issuance of 5.97 ...

2 months ago - GlobeNewsWire

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.

2 months ago - GlobeNewsWire

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.

3 months ago - Seeking Alpha

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

4 months ago - GlobeNewsWire

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.

4 months ago - GlobeNewsWire

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
5 months ago - Investopedia

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.

5 months ago - GlobeNewsWire

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

5 months ago - Seeking Alpha

“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 that is im...

6 months ago - GlobeNewsWire

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 November 2020.

6 months ago - GlobeNewsWire

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 affecting the cas...

6 months ago - Seeking Alpha

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
7 months ago - Investopedia

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

7 months ago - GlobeNewsWire

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

8 months ago - Seeking Alpha

“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 for the fir...

8 months ago - GlobeNewsWire

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 Monday, 17 ...

9 months ago - GlobeNewsWire

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

11 months ago - GlobeNewsWire

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.

11 months ago - GlobeNewsWire

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

11 months ago - GlobeNewsWire

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 program decided...

11 months ago - GlobeNewsWire

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

11 months ago - Seeking Alpha

“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 further enha...

11 months ago - GlobeNewsWire

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 approved b...

11 months ago - GlobeNewsWire

Floating Distillate Storage - Clean Tankers

Other stocks mentioned: DSSI, NNA, STNG, TNK
1 year ago - Seeking Alpha

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 December 2019 ...

1 year ago - GlobeNewsWire

What went up just came back down. Why?

1 year ago - The Motley Fool

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

1 year ago - GlobeNewsWire

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. The resu...

1 year ago - GlobeNewsWire

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

1 year ago - GlobeNewsWire

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 ...
1 year ago - Seeking Alpha

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 average price...

1 year ago - GlobeNewsWire

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.

1 year ago - GlobeNewsWire

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

1 year ago - Seeking Alpha

“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 platform....

1 year ago - GlobeNewsWire

“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 be finance...

1 year ago - GlobeNewsWire

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.

1 year ago - GlobeNewsWire

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 loans and T...

1 year ago - GlobeNewsWire

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

1 year ago - GlobeNewsWire

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.

1 year ago - GlobeNewsWire

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.

1 year ago - GlobeNewsWire

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

1 year ago - GlobeNewsWire

About TRMD

TORM plc, a product tanker company, engages in the transportation of refined oil products and crude oil worldwide. The company transports gasoline, jet fuel, naphtha, and diesel. As of March 1, 2021, it operated a fleet of approximately 80 vessels. The company was founded in 1889 and is based in London, the United Kingdom.

Industry
Oil & Gas Midstream
Founded
1889
CEO
Jacob Balslev Meldgaard
Employees
457
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 11.00.

Price Target
$11.00
Analyst Consensus: Strong Buy