NEW YORK (TheStreet) -- Shares of Ship Finance Int'l (SFL - Get Report) are falling by 2.87% to $15.25 in pre-market trading on Tuesday, after the oil tanker owner and operator reported weaker-than-expected earnings for the 2016 first quarter.
Before today's opening bell, the Hamilton, Bermuda-based company posted earnings of 50 cents per share, while analysts were expecting 63 cents per share.
Revenue for the quarter was $117.6 million, above Wall Street's estimates of $116 million.
"Our key focus remains on prudently managing our balance sheet and our existing asset portfolio whilst sourcing new accretive opportunities through our industry relationships and unique access to deal flow," CEO Ole B. Hjertaker said in a statement.
Ship Finance has a fleet of more than 70 vessels, including tankers, bulkers, container vessels and offshore assets.
Separately, TheStreet Ratings Team has a "Hold" rating with a score of C+ on the stock.
The primary factors that have impacted the rating are mixed. The company's strengths can be seen in multiple areas, such as its robust revenue growth, notable return on equity and expanding profit margins.
However, as a counter to these strengths, the team finds that the company has favored debt over equity in the management of its balance sheet.
Recently, TheStreet Ratings objectively rated this stock according to its "risk-adjusted" total return prospect over a 12-month investment horizon. Not based on the news in any given day, the rating may differ from Jim Cramer's view or that of this articles's author.
You can view the full analysis from the report here: SFL