Industrials -
Marine Shipping - NASDAQ - GR
$ 0.8
-2.43 %
$ 5.96 M
Market Cap
-0.48
P/E
1. INTRINSIC VALUE
2. FUNDAMENTAL
ANALYSIS
Price Chart OP
FINANCIALS
Balance Sheet
OceanPal Inc.
| Current Assets | 20 M |
| Cash & Short-Term Investments | 14.8 M |
| Receivables | 2.96 M |
| Other Current Assets | 2.24 M |
| Non-Current Assets | 74.8 M |
| Long-Term Investments | 1.64 M |
| PP&E | 71.1 M |
| Other Non-Current Assets | 2.06 M |
| Current Liabilities | 2.29 M |
| Accounts Payable | 405 K |
| Short-Term Debt | 0 |
| Other Current Liabilities | 1.88 M |
| Non-Current Liabilities | 0 |
| Long-Term Debt | 0 |
| Other Non-Current Liabilities | 0 |
EFFICIENCY
Earnings Waterfall
OceanPal Inc.
| Revenue | 19 M |
| Cost Of Revenue | 13.4 M |
| Gross Profit | 5.54 M |
| Operating Expenses | 13.3 M |
| Operating Income | -7.72 M |
| Other Expenses | -5.74 M |
| Net Income | -1.98 M |
RATIOS
FREE CASH FLOW ANALYSIS
Free Cash Flow Analysis
OceanPal Inc.
| Net Income | -1.98 M |
| Depreciation & Amortization | 7.67 M |
| Capital Expenditures | -4.37 M |
| Stock-Based Compensation | 1.89 M |
| Change in Working Capital | -1.46 M |
| Others | -8.23 M |
| Free Cash Flow | -3.55 M |
Wall Street Analysts Price Targets
OceanPal Inc.
OP has no price targets from Wall Street.
4. DIVIDEND
ANALYSIS
0.00%
DIVIDEND YIELD
20 USD
DIVIDEND PER SHARE
5. COMPETITION
6. Ownership
Insider Ownership
OceanPal Inc.
Sold
0-3 MONTHS
0 USD 0
3-6 MONTHS
0 USD 0
6-9 MONTHS
0 USD 0
9-12 MONTHS
0 USD 0
Bought
0 USD 0
0-3 MONTHS
0 USD 0
3-6 MONTHS
0 USD 0
6-9 MONTHS
0 USD 0
9-12 MONTHS
| Date | Value | Insider | Amount | Avg Price |
|---|
7. News
OceanPal Inc. Announces the Sale of M/V Salt Lake City
ATHENS, Greece, Jan. 21, 2025 (GLOBE NEWSWIRE) -- OceanPal Inc. (NASDAQ: OP) (the “Company”), a global shipping company specializing in the ownership of vessels, today announced that, through a separate wholly-owned subsidiary, it has signed a Memorandum of Agreement to sell to a third party, the 2005-built vessel “Salt Lake City”, with delivery to the buyer latest by February 20, 2025, for a sale price of US$16.1 million before commissions.
globenewswire.com
- 2 months ago
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 million, a net loss of $0.2 million and net loss attributed to common stockholders of $0.6 million for the third quarter of 2024. This compares to vessel revenues of $3.9 million, a net loss of $3.4 million and net loss attributed to common stockholders of $3.9 million for the third quarter of 2023.
globenewswire.com
- 4 months ago
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 has taken delivery of the m/t Zeze Start, a 2009-built tanker vessel having a carrying capacity of 49,999 dwt (the “Vessel”), that the Company entered into an agreement to purchase in late July 2024. The acquisition of its first tanker vessel reflects OceanPal's view that it is the right time to diversify the Company's fleet so as to take advantage of opportunities in the product tanker sector.
globenewswire.com
- 7 months ago
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 of $6.7 million, a net loss of $8.2 million and net loss attributed to common stockholders of $8.6 million for the second quarter of 2024. This compares to time charter revenues of $5.4 million, a net income of $1.3 million and net income attributed to common stockholders of $483 thousand for the second quarter of 2023.
globenewswire.com
- 8 months ago
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 has signed, through a separate wholly-owned subsidiary, a Memorandum of Agreement to acquire an MR2 tanker vessel, the m/t Zeze Start (the “Vessel”), for an aggregate purchase price of $27.0 million from an entity controlled by a director of the Company. The transaction was unanimously approved by the Company's Board of Directors and reflects OceanPal's view that it is the right time to diversify the Company's fleet so as to take advantage of opportunities in the product tanker sector.
globenewswire.com
- 9 months ago
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 of $5.7 million, net loss of $1.3 million and net loss attributed to common stockholders of $1.7 million for the first quarter of 2024. This compares to time charter revenues of $3.9 million, net income of $88 thousand and net loss attributed to common stockholders of $472 thousand for the first quarter of 2023.
globenewswire.com
- 10 months ago
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 Annual Meeting of Shareholders (the “Meeting”) was duly held on May 17, 2024, in virtual format only via the Internet.
globenewswire.com
- 11 months ago
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 Investment Corp. (“Sphinx”), an affiliate of George Economou, which owns approximately 14.1% of the Company's outstanding common stock, providing for the future support of the Company and its Board by Sphinx.
globenewswire.com
- 11 months ago
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 separate wholly-owned subsidiary, it has entered into a time charter contract with Richland Bulk Pte. Ltd., for its Capesize dry bulk vessel, the m/v Baltimore. The gross charter rate is US$22,000 per day minus a 5% commission paid to third parties, for a period until minimum September 15, 2024 up to maximum November 15, 2024. The charter is expected to commence in mid-May. The m/v Baltimore is currently chartered to Richland Bulk Pte. Ltd., at a gross charter rate of US$13,500 per day, minus a 5% commission paid to third parties.
globenewswire.com
- 11 months ago
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 2023 Annual Report on Form 20-F with the United States Securities and Exchange Commission (the "Commission"). The Annual Report may be accessed through the Company's website, www.oceanpal.com, or on the Commission's website at www.sec.gov. Any shareholder may receive a hard copy of the Company's complete Annual Report free of charge upon request.
globenewswire.com
- 1 year ago
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 of $5.8 million, net income of $58 thousand and a net loss attributed to common stockholders of $2.8 million for the fourth quarter of 2023. This compares to time charter revenues of $5.7 million, a net loss of $2.5 million and net loss attributed to common stockholders of $3.0 million for the fourth quarter of 2022.
globenewswire.com
- 1 year ago
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 million and a net loss attributed to common stockholders of $3.9 million for the third quarter of 2023. Time charter revenues for the same period were $3.9 million. This compares to net income of $1.1 million and net income attributed to common stockholders of $403 thousand for the third quarter of 2022. Time charter revenues for the same period were $5.1 million.
globenewswire.com
- 1 year ago
8. Profile
Summary
OceanPal Inc. OP
COUNTRY
GR
INDUSTRY
Marine Shipping
MARKET CAP
$ 5.96 M
Dividend Yield
0.00%
Description
OceanPal Inc. focuses on the provision of ocean-going transportation services. The company owns and operates drybulk carriers that transport major bulks, such as iron ore, coal, and grains, as well as minor bulks comprising bauxite, phosphate, and fertilizers. As of November 29, 2021, its fleet consisted of 3 dry bulk vessels, which include 2 Panamax and 1 Capesize vessels. The company is based in Athens, Greece.
Contact
Pendelis 26, Athens, 175 64
https://www.oceanpal.com
IPO
Date
Nov. 30, 2021
Employees
None
Officers
Ms. Vasiliki Plousaki
Chief Financial Officer
Ms. Margarita Veniou
Chief Corporate Development & Governance Officer and Secretary
Mr. Robert Jonathan Perri
Chief Executive Officer