Star Bulk Carriers Corp. (SBLK) Trading 7.1% Higher
Star Bulk Carriers Corp. (NASDAQ:SBLK) traded up 7.1% during mid-day trading on Friday . The company traded as high as $4.44 and last traded at $4.40, with a volume of 57,437 shares traded. The stock had previously closed at $4.11.
A number of equities research analysts have weighed in on SBLK shares. Seaport Global Securities started coverage on Star Bulk Carriers Corp. in a research report on Tuesday. They set a “neutral” rating and a $4.00 price target on the stock. JPMorgan Chase & Co. upgraded Star Bulk Carriers Corp. from a “neutral” rating to an “overweight” rating and set a $6.50 price target on the stock in a research report on Tuesday, July 19th. Zacks Investment Research upgraded Star Bulk Carriers Corp. from a “hold” rating to a “buy” rating and set a $3.50 price target on the stock in a research report on Friday, June 24th. Finally, ABN Amro upgraded Star Bulk Carriers Corp. from an “add” rating to a “buy” rating in a research report on Thursday, April 21st. One analyst has rated the stock with a sell rating, three have issued a hold rating and four have given a buy rating to the company. The company presently has an average rating of “Hold” and an average price target of $3.42.
The firm’s market cap is $193.40 million. The stock has a 50 day moving average of $3.63 and a 200-day moving average of $3.58.
Star Bulk Carriers Corp. (NASDAQ:SBLK) last issued its earnings results on Wednesday, June 29th. The company reported ($0.87) EPS for the quarter, topping analysts’ consensus estimates of ($1.04) by $0.17. The firm had revenue of $46.30 million for the quarter. Equities analysts predict that Star Bulk Carriers Corp. will post ($2.98) EPS for the current fiscal year.
Star Bulk Carriers Corp. is an international shipping company. The Company owns and operates a fleet of dry bulk carrier vessels. The Company’s segment is operating dry bulk vessels. The Company will have a fleet of approximately 76 vessels consisting primarily of Newcastlemax and Capesize, as well as Kamsarmax, Ultramax and Supramax vessels, with a carrying capacity between 45,588 dwt and 209,537 deadweight tonnage (dwt).
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