Gener8 Maritime Inc (GNRT) Trading Down 3.3%
Gener8 Maritime Inc (NASDAQ:GNRT)’s share price was down 3.3% during trading on Tuesday . The company traded as low as $5.23 and last traded at $5.28, with a volume of 96,180 shares traded. The stock had previously closed at $5.46.
A number of equities analysts recently commented on GNRT shares. Citigroup Inc. decreased their price target on Gener8 Maritime from $12.00 to $9.00 and set a “buy” rating for the company in a research note on Thursday, July 28th. Jefferies Group reissued a “buy” rating and issued a $13.00 target price (down previously from $17.00) on shares of Gener8 Maritime in a report on Wednesday, July 27th. Finally, Zacks Investment Research raised shares of Gener8 Maritime from a “hold” rating to a “buy” rating and set a $6.25 target price on the stock in a report on Wednesday, July 6th.
The firm has a market cap of $430.76 million and a PE ratio of 2.43. The stock has a 50-day moving average price of $5.77 and a 200 day moving average price of $6.50.
Gener8 Maritime (NASDAQ:GNRT) last released its quarterly earnings data on Wednesday, July 27th. The company reported $0.51 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.52 by $0.01. The company had revenue of $105.96 million for the quarter, compared to analyst estimates of $109.89 million. The company’s revenue was down 9.0% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.68 earnings per share. Equities analysts expect that Gener8 Maritime Inc will post $1.88 EPS for the current fiscal 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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