Shares of Gener8 Maritime Inc (NASDAQ:GNRT) reached a new 52-week low during mid-day trading on Wednesday . The company traded as low as $4.81 and last traded at $5.06, with a volume of 152,598 shares. The stock had previously closed at $4.95.

A number of research firms have issued reports on GNRT. Zacks Investment Research cut Gener8 Maritime from a “hold” rating to a “sell” rating in a report on Monday, July 25th. Jefferies Group reiterated 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, Citigroup Inc. dropped their target price on Gener8 Maritime from $12.00 to $9.00 and set a “buy” rating for the company in a report on Thursday, July 28th.

The company has a 50-day moving average price of $5.90 and a 200 day moving average price of $6.53. The company has a market capitalization of $426.63 million and a PE ratio of 2.41.

Gener8 Maritime (NASDAQ:GNRT) last issued its quarterly earnings results on Wednesday, July 27th. The company reported $0.51 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.52 by $0.01. The business earned $105.96 million during the quarter, compared to the consensus estimate of $109.89 million. During the same quarter in the prior year, the company earned $0.68 EPS. The company’s quarterly revenue was down 9.0% compared to the same quarter last year. On average, equities analysts forecast that Gener8 Maritime Inc will post $2.16 earnings per share 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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