Star Bulk Carriers Corp. (SBLK) Sees Strong Trading Volume
Star Bulk Carriers Corp. (NASDAQ:SBLK) shares saw strong trading volume on Monday . 119,774 shares were traded during trading, an increase of 45% from the previous session’s volume of 82,648 shares.The stock last traded at $4.44 and had previously closed at $4.40.
Several analysts recently weighed in on the company. Seaport Global Securities reissued a “neutral” rating and set a $4.00 price target on shares of Star Bulk Carriers Corp. in a report 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 price objective on the stock 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 on the stock 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 research analyst has rated the stock with a sell rating, three have issued a hold rating and four have issued a buy rating to the company’s stock. Star Bulk Carriers Corp. presently has a consensus rating of “Hold” and a consensus target price of $3.42.
The firm’s market cap is $194.28 million. The stock’s 50-day moving average is $3.66 and its 200 day moving average is $3.62.
Star Bulk Carriers Corp. (NASDAQ:SBLK) last released its earnings results on Wednesday, June 29th. The company reported ($0.87) earnings per share (EPS) for the quarter, beating the consensus estimate of ($1.04) by $0.17. The business earned $46.30 million during 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).