Following were the key Smallcap losers in the Oil & Gas sector on Wednesday. Keep an eye on these stocks.
TORM plc (NASDAQ:TRMD) was one of the notable losers in the Oil & Gas Sector as the stock slid .23% to close at $9.64. The stock saw total volume of over 34K shares exchanged hands, compared to its average volume of 54K. The stock opened at $9.75 and moved within a range of $ 9.56 – 9.75. The stock has gained 37% so far this year. The stock is trading 5.12% below its 52-week high and 52% higher from its 52-week low.
Frontline Ltd (NASDAQ:FRO) was under pressure on Wednesday as the stock fell 1.96% to end the session at $8.51. After opening at $8.52, the stock has moved within a wide range of $ 8.43 – 8.62. The stock has gained 37% so far in 2021 and moved up 17% over the past quarter. Late Wednesday, the company reported first quarter results. Frontline earned $28.9 million, or 15 cents a share on total operating revenues of $194.0 million for the first quarter of 2021. On an adjusted basis the company earned $8.8 million, or 4 cents a share.
Dorian LPG Ltd. (NASDAQ:LPG) was another loser in the Oil & Gas sector. The stock was down 1.18% at $14.29. More than 391K shares have been traded hands, compared to its average volume of 483K shares. Over the past 52-week, the stock moved within a range of $7.22 – 15.46. The stock has jumped 9% in the past quarter. Last week, the company reported a worse-than-expected Q4 EPS of $0.86 versus the consensus estimate of $0.95, due to increased expenses. Total revenues, however, beat analysts’ expectations. Shares of the owner and operator of modern very large gas carriers have jumped 84% over the past year.