Star Bulk Carriers Corp. (SBLK) Trading Up 4.4%
Shares of Star Bulk Carriers Corp. (NASDAQ:SBLK) were up 4.4% during trading on Friday . The stock traded as high as $4.45 and last traded at $4.31, with a volume of 96,907 shares trading hands. The stock had previously closed at $4.13.
Several analysts have commented on SBLK shares. Zacks Investment Research upgraded Star Bulk Carriers Corp. from a “hold” rating to a “buy” rating and set a $0.75 target price on the stock in a research note on Friday, May 13th. JPMorgan Chase & Co. upgraded Star Bulk Carriers Corp. from a “neutral” rating to an “overweight” rating and set a $6.50 target price on the stock in a research note on Tuesday, July 19th. Finally, Seaport Global Securities reiterated a “neutral” rating and set a $4.00 target price on shares of Star Bulk Carriers Corp. in a research note on Tuesday, August 2nd. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and four have issued a buy rating to the stock. The company has an average rating of “Hold” and a consensus price target of $3.42.
The stock’s market cap is $187.69 million. The firm’s 50-day moving average is $4.05 and its 200-day moving average is $3.80.
Star Bulk Carriers Corp. (NASDAQ:SBLK) last posted its quarterly earnings results on Wednesday, June 29th. The company reported ($0.87) earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of ($1.04) by $0.17. The company had revenue of $46.30 million for the quarter. Equities analysts predict that Star Bulk Carriers Corp. will post ($2.94) earnings per share 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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