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Why Tanker Stocks Sank This Week

The high seas proved to be rough this week for shipping stocks. Shares of GasLog (NYSE: GLOG  ) , Nordic American Tankers (NYSE: NAT  ) , and Navios Maritime (NYSE: NNA  ) all sunk to stand among the worst-performing stocks in the energy sector. 

GLOG Price Chart

GLOG Price data by YCharts.

While the plunge in stock price was pretty significant for all three shippers, the news that caused these drops wasn't as deep. Two of the three companies fell after a research firm initiated coverage, while the other stock took a dive on profit-taking by investors. That said, it's worth taking a closer look at the underlying causes of the plunges, which is why I created the slideshow presentation below. It details the causes for the sell-offs and looks at the one stock that might have further to fall. 

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Matt DiLallo

Matthew is a Senior Energy and Materials Specialist with The Motley Fool. He graduated from the Liberty University with a degree in Biblical Studies and a Masters of Business Administration. You can follow him on Twitter for the latest news and analysis of the energy and materials industries:

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Related Tickers

9/3/2015 11:07 AM
GLOG $13.76 Up +0.36 +2.69%
GASLOG LTD CAPS Rating: *****
NAT $14.72 Up +0.58 +4.10%
Nordic American Ta… CAPS Rating: **
NNA $3.57 Up +0.07 +2.00%
Navios Maritime Ac… CAPS Rating: ****