TORM (TRMD)
Operates product tankers carrying refined fuels through an integrated commercial and technical platform.
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Operates product tankers that carry refined fuels including gasoline, naphtha, diesel, and jet fuel. Its core fleet spans LR2, LR1, and MR classes, with commercial and technical management integrated through the One TORM model.
Moves refined petroleum products by sea through a fleet of LR2, LR1, and MR product tankers. Gasoline, naphtha, diesel, and jet fuel are among the cargoes, alongside marine-engineering activity reported in its financial statements.
Operating from offices across Europe, Asia, the Middle East, and the United States, it integrates commercial and technical management through its One TORM model. The operating structure supports safety- and environmentally focused fleet operations.
Danish-founded in 1889, the business now sits under an English public parent formed through the 2015–16 restructuring and redomiciliation. Its current A shares trade in Copenhagen and New York, while product-tanker operations remain its core.
Company facts
Target rangeAs of Sep 21, 2026
Latest analyst notes
| Date | Firm | Action | Prior | Current |
|---|---|---|---|---|
| Aug 26, 2026 | Evercore ISI | Reiterate | Rating: —Target: $37 | Target: $38 |
| Jul 22, 2026 | Evercore ISI | Reiterate | Rating: —Target: $35 | Target: $37 |
| Apr 21, 2026 | Evercore ISI | Target | Target: $34 | Target: $35 |
| Feb 26, 2026 | Evercore ISI | Target | Target: $23 | Target: $34 |
EPSReportedEstimate
RevenueReportedEstimate
Balance sheet, Jun 30, 2026Cash & short-term investments $366.9M · Total debt $1.07B · Total assets $3.81B · Shareholders' equity $2.54B
- Revenue
- $649.2M
- Operating income
- $348.2M
- Net income
- $331.4M
HistoryDividendAnnual yield
| Institutions | ≈ 43.94% | 44.52M ADS | |
|---|---|---|---|
| 163 holders · as of Jun 30, 2026 · largest filers plus last quarter's tail | |||
| Insiders | 0.06% | 64.5K ADS | |
| 2 holders · as of Sep 18, 2026 | |||
| Strategic holders | 18.41% | 18.66M ADS | |
| 1 holder · as of Sep 17, 2026 | |||
| Other | ≈ 37.59% | 38.09M ADS | |
| remainder | |||
101.33M ADS as of Sep 22, 2026 · institutions as of Jun 30, 2026 · holders as of their latest filing
This quarter's institutional total failed a plausibility check; shown: the largest filers plus last quarter's remainder.
Top shareholders13F · 13D/G · Form 4
| Holder | Stake | Shares | Date |
|---|---|---|---|
Oaktree Capital Management LPInstitution | 20.06% | 20.33M ADS | as of Jun 30, 2026 |
Hafnia LimitedStrategic | 18.41% | 18.66M | filed Sep 17, 2026 |
Arrowstreet Capital, Limited PartnershipInstitution | 3.07% | 3.11M ADS | as of Jun 30, 2026 |
Vanguard Capital Management LLCInstitution | 1.96% | 1.99M ADS | as of Jun 30, 2026 |
Acadian Asset Management LLCInstitution | 1.52% | 1.54M ADS | as of Jun 30, 2026 |
Insider tradesForm 4
| Date | Insider | Role | Shares | Avg price |
|---|---|---|---|---|
| Aug 27, 2026 | Kim Balle | officer: Chief Financial Officer | +254 | |
| May 18, 2026 | Jacob Balslev Meldgaard | director, officer: Chief Executive Officer | −379,014 | $31.94 |
| May 20, 2026 | Jacob Balslev Meldgaard | director, officer: Chief Executive Officer | −170,133 | $32.30 |
- Hafnia
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- Ardmore Shipping
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Compare
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| TORM | $35.06 | −5.55% | $3.80B | 6.2 | 4.8 | 2.2 | +62.4% |
| Hafnia | $9.40 | −3.24% | $4.85B | 7.6 | 7.9 | 1.8 | −32.7% |
| Scorpio Tankers | $83.69 | −2.92% | $4.32B | 5.4 | 11.4 | 3.6 | +70.2% |
| International Seaways | $104.92 | −3.83% | $5.40B | 7.0 | 8.7 | 4.3 | +121.9% |
| Ardmore Shipping | $18.15 | −2.42% | $758.9M | 7.2 | 8.8 | 2.1 | +61.3% |
| Median | 7.1 | 8.7 | 2.8 | +65.7% |