Gener8 Maritime Inc (GNRT) Stock Price Up 3.8%
Shares of Gener8 Maritime Inc (NASDAQ:GNRT) rose 3.8% during trading on Monday . The company traded as high as $5.79 and last traded at $5.77, with a volume of 271,152 shares changing hands. The stock had previously closed at $5.56.
GNRT has been the subject of a number of research reports. Zacks Investment Research raised shares of Gener8 Maritime from a “hold” rating to a “buy” rating and set a $6.25 target price for the company in a report on Wednesday, July 6th. Citigroup Inc. reaffirmed a “buy” rating and set a $12.00 target price on shares of Gener8 Maritime in a report on Friday.
The firm has a 50-day moving average price of $6.41 and a 200-day moving average price of $6.69. The stock has a market capitalization of $478.71 million and a price-to-earnings ratio of 2.74.
Gener8 Maritime, Inc, formerly General Maritime Corporation, is a provider of international seaborne crude oil transportation services. The Company operates through the segment, which includes the transportation of international seaborne crude oil and petroleum products with its fleet of vessels. The Company owns a fleet of over 45 tankers, including 31 vessels on the water consisting of 14 Very Large Crude Carriers (VLCCs), approximately 11 Suezmax vessels, over four Aframax vessels and approximately two Panamax vessels with an aggregate carrying capacity of approximately 6.6 million deadweight tons.
Get Analysts' Upgrades and Downgrades Daily - Enter your email address below to receive a concise daily summary of analysts' upgrades, downgrades and new coverage with MarketBeat.com's FREE daily email newsletter.