Star Bulk Carriers Corp. (SBLK) Stock Price Up 4.4%
Star Bulk Carriers Corp. (NASDAQ:SBLK)’s share price rose 4.4% during mid-day trading on Friday . The company 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.
A number of research firms recently commented on SBLK. Zacks Investment Research raised shares of Star Bulk Carriers Corp. from a “hold” rating to a “buy” rating and set a $0.75 target price for the company in a research report on Friday, May 13th. Seaport Global Securities reissued a “neutral” rating and set a $4.00 target price on shares of Star Bulk Carriers Corp. in a research report on Tuesday, August 2nd. Finally, JPMorgan Chase & Co. raised shares of Star Bulk Carriers Corp. from a “neutral” rating to an “overweight” rating and set a $6.50 target price for the company in a research report on Tuesday, July 19th. One research 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. Star Bulk Carriers Corp. currently has a consensus rating of “Hold” and an average target price of $3.42.
The stock has a 50-day moving average price of $4.02 and a 200-day moving average price of $3.79. The company’s market capitalization is $185.93 million.
Star Bulk Carriers Corp. (NASDAQ:SBLK) last released its quarterly earnings results on Wednesday, June 29th. The company reported ($0.87) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($1.04) by $0.17. The company earned $46.30 million during the quarter. Equities analysts expect that Star Bulk Carriers Corp. will post ($2.98) EPS 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).
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