Star Bulk Carriers Corp. (SBLK) Stock Price Up 7.1%
Shares of Star Bulk Carriers Corp. (NASDAQ:SBLK) rose 7.1% 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.
SBLK has been the subject of a number of recent analyst reports. ABN Amro raised Star Bulk Carriers Corp. from an “add” rating to a “buy” rating in a research report on Thursday, April 21st. Zacks Investment Research raised Star Bulk Carriers Corp. from a “hold” rating to a “buy” rating and set a $0.75 price objective for the company in a research report on Friday, May 13th. Seaport Global Securities reissued a “neutral” rating and issued a $4.00 price objective on shares of Star Bulk Carriers Corp. in a research report on Tuesday, August 2nd. Finally, JPMorgan Chase & Co. raised Star Bulk Carriers Corp. from a “neutral” rating to an “overweight” rating and set a $6.50 price objective for the company in a research report on Tuesday, July 19th. One research 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 stock’s market capitalization is $193.40 million. The company has a 50 day moving average price of $3.63 and a 200 day moving average price of $3.58.
Star Bulk Carriers Corp. (NASDAQ:SBLK) last announced its quarterly earnings data on Wednesday, June 29th. The company reported ($0.87) earnings per share (EPS) for the quarter, beating the consensus estimate of ($1.04) by $0.17. The company earned $46.30 million during the quarter. Equities analysts forecast that Star Bulk Carriers Corp. will post ($2.98) earnings per share for the current 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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