BidaskClub upgraded shares of Gener8 Maritime Inc (NASDAQ:GNRT) from a sell rating to a hold rating in a research note issued to investors on Wednesday.

A number of other analysts have also commented on the stock. Zacks Investment Research raised shares of Gener8 Maritime from a sell rating to a hold rating in a research report on Wednesday, October 4th. Jefferies Group LLC reaffirmed a buy rating and set a $10.00 price target on shares of Gener8 Maritime in a research report on Thursday, September 21st. ValuEngine lowered shares of Gener8 Maritime from a buy rating to a hold rating in a research report on Friday, September 1st. Finally, TheStreet raised shares of Gener8 Maritime from a d rating to a c- rating in a research report on Wednesday, August 9th. Three equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. The company has a consensus rating of Hold and a consensus target price of $10.00.

Gener8 Maritime (NASDAQ GNRT) opened at 4.94 on Wednesday. The company has a 50-day moving average of $4.71 and a 200-day moving average of $4.71. The firm’s market capitalization is $409.96 million. Gener8 Maritime has a 1-year low of $3.52 and a 1-year high of $5.20.

Gener8 Maritime (NASDAQ:GNRT) last announced its quarterly earnings data on Tuesday, August 1st. The shipping company reported ($0.11) EPS for the quarter, missing the Zacks’ consensus estimate of ($0.06) by ($0.05). The business had revenue of $74.95 million during the quarter, compared to the consensus estimate of $76.55 million. Gener8 Maritime had a negative return on equity of 23.25% and a negative net margin of 110.14%. The business’s revenue for the quarter was down 29.3% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.51 EPS. On average, equities analysts predict that Gener8 Maritime will post ($0.05) earnings per share for the current year.

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Hedge funds and other institutional investors have recently bought and sold shares of the business. Wells Fargo & Company MN raised its position in Gener8 Maritime by 64.7% during the first quarter. Wells Fargo & Company MN now owns 44,685 shares of the shipping company’s stock worth $254,000 after acquiring an additional 17,550 shares in the last quarter. Schwab Charles Investment Management Inc. raised its position in Gener8 Maritime by 8.3% during the first quarter. Schwab Charles Investment Management Inc. now owns 236,940 shares of the shipping company’s stock worth $1,344,000 after acquiring an additional 18,126 shares in the last quarter. FMR LLC raised its position in Gener8 Maritime by 617.8% during the first quarter. FMR LLC now owns 3,249,043 shares of the shipping company’s stock worth $18,422,000 after acquiring an additional 2,796,417 shares in the last quarter. Bank of New York Mellon Corp raised its position in Gener8 Maritime by 1.0% during the first quarter. Bank of New York Mellon Corp now owns 222,466 shares of the shipping company’s stock worth $1,261,000 after acquiring an additional 2,254 shares in the last quarter. Finally, Tower Research Capital LLC TRC raised its position in Gener8 Maritime by 118.7% during the first quarter. Tower Research Capital LLC TRC now owns 30,298 shares of the shipping company’s stock worth $172,000 after acquiring an additional 16,443 shares in the last quarter.

Gener8 Maritime Company Profile

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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