Star Bulk Carriers Corp. (SBLK) Shares Up 6%
Star Bulk Carriers Corp. (NASDAQ:SBLK) shot up 6% during mid-day trading on Tuesday . The company traded as high as $4.42 and last traded at $4.24, with a volume of 112,697 shares trading hands. The stock had previously closed at $4.00.
A number of research firms have recently issued reports on SBLK. Seaport Global Securities reiterated a “neutral” rating and issued a $4.00 target price on shares of Star Bulk Carriers Corp. in a research note on Tuesday, August 2nd. JPMorgan Chase & Co. upgraded Star Bulk Carriers Corp. from a “neutral” rating to an “overweight” rating and set a $6.50 target price for the company in a research note 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 objective for the company in a research note on Friday, June 24th. Finally, ABN Amro upgraded Star Bulk Carriers Corp. from an “add” rating to a “buy” rating in a research note on Thursday, April 21st. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and four have assigned a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus target price of $3.42.
The company has a 50-day moving average of $3.82 and a 200 day moving average of $3.71. The stock’s market capitalization is $183.29 million.
Star Bulk Carriers Corp. (NASDAQ:SBLK) last released its quarterly earnings data on Wednesday, June 29th. The company reported ($0.87) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($1.04) by $0.17. The firm had revenue of $46.30 million for the quarter. Equities research analysts expect 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).