Gener8 Maritime (GNRT) Given Daily Media Impact Score of 0.25
Media coverage about Gener8 Maritime (NASDAQ:GNRT) has been trending somewhat positive recently, Accern Sentiment reports. The research firm rates the sentiment of media coverage by reviewing more than twenty million blog and news sources. Accern ranks coverage of companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Gener8 Maritime earned a media sentiment score of 0.25 on Accern’s scale. Accern also assigned media headlines about the shipping company an impact score of 45.8063943163654 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the immediate future.
Here are some of the news stories that may have impacted Accern’s rankings:
- Brokerages Expect Gener8 Maritime Inc (GNRT) Will Announce Earnings of -$0.36 Per Share (americanbankingnews.com)
- Maxim Group Cut Tsakos Energy Navigation’s Target Price (finance.yahoo.com)
- Week 37: Crude Tanker Industry’s Weekly Update (finance.yahoo.com)
- Gener8 Maritime Inc (GNRT) Rating Reiterated by Jefferies Group LLC (americanbankingnews.com)
Several research analysts have commented on the company. Zacks Investment Research downgraded Gener8 Maritime from a “hold” rating to a “sell” rating in a report on Wednesday, July 26th. BidaskClub raised Gener8 Maritime from a “sell” rating to a “hold” rating in a report on Saturday, September 16th. Jefferies Group LLC reaffirmed a “buy” rating and set a $10.00 target price on shares of Gener8 Maritime in a report on Thursday. TheStreet raised Gener8 Maritime from a “d” rating to a “c-” rating in a report on Wednesday, August 9th. Finally, ValuEngine downgraded Gener8 Maritime from a “buy” rating to a “hold” rating in a report on Friday, September 1st. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and one has given a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus price target of $10.00.
Shares of Gener8 Maritime (NASDAQ GNRT) traded down 1.67% on Friday, reaching $4.70. The company’s stock had a trading volume of 125,103 shares. The firm’s market cap is $390.04 million. Gener8 Maritime has a 12 month low of $3.52 and a 12 month high of $5.69. The stock has a 50 day moving average of $4.72 and a 200-day moving average of $4.72.
Gener8 Maritime (NASDAQ:GNRT) last announced its quarterly earnings data on Tuesday, August 1st. The shipping company reported ($0.11) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($0.06) by ($0.05). Gener8 Maritime had a negative net margin of 110.14% and a negative return on equity of 23.25%. The company had revenue of $74.95 million for the quarter, compared to the consensus estimate of $76.55 million. During the same period last year, the business posted $0.51 earnings per share. The firm’s quarterly revenue was down 29.3% compared to the same quarter last year. On average, analysts anticipate that Gener8 Maritime will post ($0.03) EPS for the current year.
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About Gener8 Maritime
Gener8 Maritime, Inc is a provider of international seaborne crude oil transportation services. The Company operates through the transportation of international seaborne crude oil and petroleum products with its fleet of vessels segment. As of March 10, 2017, the Company owned a fleet of 40 tankers on the water, consisting of 24 Very Large Crude Carriers (VLCCs), 10 Suezmax vessels, four Aframax vessels and two Panamax vessels, with an aggregate carrying capacity of 9.4 million deadweight tons (DWT) and one eco VLCC newbuilding.
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