Entering text into the input field will update the search result below

Maersk shares now more sensitive to oil than shipping, analyst says

Jan. 11, 2016 3:23 PM ETA.P. Møller - Mærsk A/S (AMKAF) StockAMKAF, AMKBYBy: Carl Surran, SA News Editor
  • Shares of A.P. Moeller-Maersk (OTCPK:AMKAF, OTCPK:AMKBY), owner of the world’s biggest shipping line, are off to their worst start to a year for more than two decades.
  • Maersk is being battered “by a toxic cocktail with challenges in both the oil and the container division, [but] it's now become the oil price that's the main driver," says Nordea analyst Stig Frederiksen, expecting shares probably will be driven by the price of oil through 2016.
  • Maersk Oil, which mainly explores in Qatar and in the North Sea, has set its breakeven level at ~$55/bbl, and while a series of job cuts may have helped reduce that figure, Frederiksen figures it would still be “a lot higher than the current oil price.”

Recommended For You

More Trending News

About AMKAF Stock

SymbolLast Price% Chg
Market Cap
PE
Yield (TTM)
Rev Growth (YoY)
Prev. Close
Compare to Peers

Related Stocks

SymbolLast Price% Chg
AMKAF--
A.P. Møller - Mærsk A/S