Gener8 Maritime Inc (NASDAQ:GNRT) shares rose 5.3% during trading on Friday . The company traded as high as $5.40 and last traded at $5.39, with a volume of 76,898 shares traded. The stock had previously closed at $5.12.

GNRT has been the topic of a number of research reports. Zacks Investment Research upgraded Gener8 Maritime from a “hold” rating to a “buy” rating and set a $6.25 price target on the stock in a research note on Wednesday, July 6th. Citigroup Inc. restated a “buy” rating and set a $12.00 price target on shares of Gener8 Maritime in a research note on Friday, July 15th. Finally, Jefferies Group restated a “buy” rating and set a $13.00 price target (down from $17.00) on shares of Gener8 Maritime in a research note on Wednesday, July 27th.

The company has a market cap of $446.47 million and a price-to-earnings ratio of 2.52. The stock’s 50 day moving average is $5.80 and its 200 day moving average is $6.51.

Gener8 Maritime (NASDAQ:GNRT) last issued its quarterly earnings data on Wednesday, July 27th. The company reported $0.51 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.52 by $0.01. The company earned $105.96 million during the quarter, compared to analysts’ expectations of $109.89 million. Gener8 Maritime’s revenue was down 9.0% on a year-over-year basis. During the same period in the prior year, the company earned $0.68 EPS. On average, equities analysts anticipate that Gener8 Maritime Inc will post $1.88 EPS for the current year.

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.

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