Oceanfreight Inc. (OCNF) Dividend Summary

OCEANFREIGHT INC. is a development stage company incorporated to acquire high quality secondhand vessels and deploy them on medium and long term charters. The Company's fleet consists of nine secondhand drybulk carriers that mainly transport iron ore, coal, grains and minerals, fertilizers and two secondhand tanker vessels that transport crude oil. OceanFreight intends to grow its fleet and expand its operations in other sectors. The Company's Fleet Managers are Wallem and Cardiff. The Company's Fleet Managers provide vessel management services, including technical supervision, such as repairs, maintenance and inspections, safety and quality, crewing and training, supply provisioning, as well as vessel accounting.

Last update 09/03/2010

Dividend Yield Summary

	2009	2008	2009	2010	2011	2012
Dividends	$0	$3.08	$0	$0	$0	$0
Price	$1.44	$6.07	$0	$0	$0	$0
Yield	0 %	50.74 %	0 %	0 %	0 %	0 %

Earnings Information

Next Report Date	11/10/2009
Estimated EPS (year)	$0.05
Estimated EPS (quarter)	$0.02
Estimated EPS Growth	0.00%
Payout Ratio	0.00%
Payout change vs. 5 year average	-0.70%

Dividend/Split History

Date	Amount Per Share/Split Ratio	Type
2008-11-06	$0.77000	Dividend
2008-08-14	$0.77000	Dividend

Company Profile

OCEANFREIGHT IN

Key Information

Sector:	Transportation
Industry:	TRANSPORTATION
Analysts	1
Fiscal Year End:	December
Next Reported Fiscal Year:	2007
Last Reported Quarter:	9/30/2008

Competitors

SIC Code: 4412

Ticker	Company Name
TK	TEEKAY CORP
ANW	AEGEAN MARINE
FRO	FRONTLINE LTD
ALEX	ALEX & BALDWIN
OSG	OVERSEAS SHIPHO
TDW	TIDEWATER INC
KEX	KIRBY CORP

Oceanfreight Inc. OCNF (NSDQ) Financial Ratios

P/E
Current FY Estimate	28.80
Trailing 12 Months	1.09
PEG Ratio	0.00

EPS Growth
vs. Previous Year	-98.95%
vs. Previous Quarter	-92.31%

Sales Growth
vs. Previous Year	-19.13%
vs. Previous Quarter	-5.49%

Price Ratios
Price/Book	0.40
Price/Cash Flow	0.27
Price/Sales	0.89

ROE
09/30/2008	7.81
06/30/2008	14.15
03/30/2008	19.22

ROA
09/30/2008	3.38
06/30/2008	5.72
03/30/2008	7.56

Current Ratio
09/30/2008	1.63
06/30/2008	0.35
03/30/2008	0.25

Quick Ratio
09/30/2008	1.61
06/30/2008	0.33
03/30/2008	0.23

Operating Margin
09/30/2008	14.57
06/30/2008	22.69
03/30/2008	28.58

Net Margin
09/30/2008	-22.59
06/30/2008	15.60
03/30/2008	17.61

Pre-Tax Margin
09/30/2008	-22.58
06/30/2008	15.60
03/30/2008	17.61

Book Value
09/30/2008	3.61
06/30/2008	11.78
03/30/2008	15.04

Inventory Turnover
09/30/2008	40.65
06/30/2008	29.91
03/30/2008	27.81

Debt-to-Equity
09/30/2008	0.74
06/30/2008	1.00
03/30/2008	1.00

Debt-to-Capital
09/30/2008	42.69
06/30/2008	50.09
03/30/2008	50.01

Quick Quote

Updated as of 3:59pm

Last Trade:	0.99
Trade Time:	3:59pm
Change:	+0.06
Open:	0.95
High:	1.00
Low:	0.935
Volume:	489,611

Security Details

Exchange	NSDQ
CUSIP
Split Date	-
Split Factor	0
Shares outstanding	90.39
Beta	1.7

Detailed Quote as of 09/11/2009

Price	$1.44
52 Week High	$17.21
52 Week Low	$0.82
Price Change (4 weeks)	$7.46
Price Change (12 weeks)	$0.00
Price Change (YTD)	$-51.51
Price Change (4 weeks) vs. S&P	$4.60
Price Change (12 weeks) vs. S&P	$-11.87
Price Change (YTD) vs. S&P	$-60.20
Average Daily Volume (20 Days)	2,372,960
Market Capitalization	$130.17

Price History

Earning Announcement

Last Confirmation Date	2010-08-27
Next Earnings Announcement Date	2010-09-03
Earnings Quarter	Q2
Announcement Status	Confirmed

Investor Conference Call

Date	2010-05-13
Time	09:00:00
URL	Conference Call Information

Last Dividend Payout

Announcement Date	2008-10-20
Record Date	2008-10-31
Pay Date	2008-11-06
Amount Per Share	$0.77

Board Shareholder Meeting

First Quarter	2010-05-12
Second Quarter	2009-08-05
Third Quarter	2009-11-10
Fourth Quarter	2010-02-22