Star Bulk Carriers Corp. (SBLK) Stock Price Down 2.6%
Shares of Star Bulk Carriers Corp. (NASDAQ:SBLK) fell 2.6% during trading on Monday . The company traded as low as $4.09 and last traded at $4.09, with a volume of 65,132 shares. The stock had previously closed at $4.20.
A number of research firms have recently commented on SBLK. Seaport Global Securities restated a “neutral” rating and set a $4.00 price objective 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 for the company in a report on Tuesday, July 19th. Finally, 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 report on Friday, June 24th. One analyst has rated the stock with a sell rating, three have issued a hold rating and four have assigned a buy rating to the company’s stock. Star Bulk Carriers Corp. presently has a consensus rating of “Hold” and an average price target of $3.42.
The firm’s 50 day moving average is $3.96 and its 200 day moving average is $3.77. The firm’s market capitalization is $180.00 million.
Star Bulk Carriers Corp. (NASDAQ:SBLK) last announced its earnings results on Wednesday, June 29th. The company reported ($0.87) EPS for the quarter, topping the consensus estimate of ($1.04) by $0.17. The firm earned $46.30 million during the quarter. Analysts predict that Star Bulk Carriers Corp. will post ($2.98) EPS 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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