Gener8 Maritime Inc (GNRT) Sets New 52-Week Low at $4.81
Shares of Gener8 Maritime Inc (NASDAQ:GNRT) hit a new 52-week low on Wednesday . The stock 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.
Several analysts have weighed in on GNRT shares. Zacks Investment Research cut shares of Gener8 Maritime from a “hold” rating to a “sell” rating in a research note on Monday, July 25th. Jefferies Group reaffirmed a “buy” rating and set a $13.00 price objective (down from $17.00) on shares of Gener8 Maritime in a research note on Wednesday, July 27th. Finally, Citigroup Inc. decreased their price objective on shares of Gener8 Maritime from $12.00 to $9.00 and set a “buy” rating on the stock in a research note on Thursday, July 28th.
The stock has a market cap of $423.32 million and a PE ratio of 2.39. The firm has a 50 day moving average of $5.82 and a 200 day moving average of $6.51.
Gener8 Maritime (NASDAQ:GNRT) last announced its earnings results on Wednesday, July 27th. The company reported $0.51 EPS for the quarter, missing the consensus estimate of $0.52 by $0.01. During the same period last year, the firm earned $0.68 earnings per share. The company had revenue of $105.96 million for the quarter, compared to analyst estimates of $109.89 million. The business’s revenue for the quarter was down 9.0% compared to the same quarter last year. Equities analysts predict 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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