Torm PLC (TRMD)

NASDAQ: TRMD · IEX Real-Time Price · USD
13.06
-0.56 (-4.11%)
At close: May 20, 2022 4:00 PM
13.03
-0.03 (-0.23%)
After-hours:May 20, 2022 6:52 PM EDT
Market Cap1.07B
Revenue (ttm)704.83M
Net Income (ttm)-10.39M
Shares Out81.66M
EPS (ttm)-0.13
PE Ration/a
Forward PE4.49
Dividendn/a
Ex-Dividend Daten/a
Volume335,585
Open13.49
Previous Close13.62
Day's Range12.72 - 13.49
52-Week Range6.17 - 13.77
Beta0.10
AnalystsBuy
Price Target13.01 (-0.4%)
Earnings DateMay 11, 2022

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, and naphtha. As of March 23, 2022, it operated a fleet of approximately 85 vessels. The company was founded in 1889 and is headquartered in London, the United Kingdom.

IndustryOil & Gas Midstream
Founded1889
CEOJacob Balslev Meldgaard
Employees439
Stock ExchangeNASDAQ
Ticker SymbolTRMD
Full Company Profile

Financial Performance

Financial Statements

Analyst Forecast

According to 8 analysts, the average rating for TRMD stock is "Buy." The 12-month stock price forecast is 13.01, which is a decrease of -0.38% from the latest price.

Price Target
$13.01
(-0.38% downside)
Analyst Consensus: Buy
Stock Forecasts

News

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Shipping stocks take another beating, sinking by double digits

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1 month ago - InvestorPlace

Capital increase in TORM due to exercise of Restricted Share Units as part of the Company's incentive program

TORM plc (“TORM”) increases its share capital by 19,494 A-shares (corresponding to a nominal value of USD 194.94) as a result of the exercise of a corresponding number of Restricted Share Units.

5 months ago - GlobeNewsWire

TORM plc Third Quarter Report 2021

“ The market for refined oil is at present negatively impacted by the restricted crude supply not meeting demand, thereby drawing onshore stocks resulting in stock levels that are below five-year lows i...

6 months ago - GlobeNewsWire

TORM plc to announce third quarter 2021 results

TORM plc (“TORM”) (ticker: TRMD A on Nasdaq in Copenhagen and TRMD on Nasdaq in New York) will release its financial results for the third quarter of 2021 on Wednesday, 10 November 2021.

6 months ago - GlobeNewsWire

Notification of major holdings in the Company

Pursuant to Section 38 of the Danish Capital Markets Act and Section 55 of the Danish Companies Act, TORM plc hereby announces that:

8 months ago - GlobeNewsWire

TORM plc Second Quarter and Half-Year Report 2021

“In the second quarter of 2021, TORM achieved an EBITDA of USD 45m and a profit before tax of USD 2.4m, despite a market which is still impacted by the pandemic. In Q2 2021 , we have seen an increase of...

9 months ago - GlobeNewsWire

TORM plc to announce second quarter and first half 2021 results

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 2021 on Tuesday, 10...

9 months ago - GlobeNewsWire

Capital increase in TORM in connection with delivery of vessel

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...

9 months ago - GlobeNewsWire

TORM plc First Quarter Report 2021

“In the first quarter of 2021, TORM achieved an EBITDA of USD 19m, in a market which continues to be impacted by the pandemic. Further I am pleased that we have just purchased three LR2 vessels on top o...

1 year ago - GlobeNewsWire

TORM purchases three 2015-built scrubber-fitted LR2 vessels

TORM has today entered into an agreement to purchase the three 2015-built scrubber-fitted and fuel-efficient LR2 vessels Nissos Schinoussa, Nissos Heraclea and Nissos Therassia from Okeanis Eco Tankers ...

1 year ago - GlobeNewsWire

TORM plc to announce first quarter 2021 results

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.

1 year ago - GlobeNewsWire

Results from TORM plc's Annual General Meeting on 14 April 2021

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...

1 year ago - GlobeNewsWire

TORM plc – Notice of and complete proposals for the Annual General Meeting 2021

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.

1 year ago - GlobeNewsWire

TORM plc Annual Report 2020

“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...

1 year ago - GlobeNewsWire

TORM purchases eight MR product tankers with chemical trading capabilities from TEAM Tankers in a partly share-based ...

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 ...

1 year ago - GlobeNewsWire

TORM plc to announce the full-year 2020 results

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.

1 year ago - GlobeNewsWire

TORM plc financial calendar 2021

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

1 year ago - GlobeNewsWire

Top Oil and Gas Stocks for Q1 2021

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1 year ago - Investopedia

TORM plc Third Quarter Report 2020

“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...

1 year ago - GlobeNewsWire

TORM plc to announce third quarter 2020 results

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.

1 year ago - GlobeNewsWire

Top Oil and Gas Stocks for Q4 2020

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1 year ago - Investopedia

TORM plc Second Quarter and Half-Year Report 2020

“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...

1 year ago - GlobeNewsWire

TORM plc to announce second quarter and first half 2020 results

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 ...

1 year ago - GlobeNewsWire