News coverage about Star Bulk Carriers Corp. (NASDAQ:SBLK) has trended somewhat positive this week, Accern Sentiment Analysis reports. The research group identifies negative and positive press coverage by monitoring more than 20 million blog and news sources in real time. Accern ranks coverage of companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Star Bulk Carriers Corp. earned a media sentiment score of 0.12 on Accern’s scale. Accern also gave news headlines about the shipping company an impact score of 100 out of 100, indicating that recent press coverage is extremely likely to have an effect on the company’s share price in the immediate future.
A number of research firms recently commented on SBLK. Seaport Global Securities upgraded Star Bulk Carriers Corp. from a “neutral” rating to a “buy” rating and lifted their price objective for the stock from $11.50 to $13.00 in a research report on Friday, May 26th. They noted that the move was a valuation call. Jefferies Group LLC reiterated a “buy” rating and set a $13.00 price objective on shares of Star Bulk Carriers Corp. in a research report on Friday, May 26th. Zacks Investment Research upgraded Star Bulk Carriers Corp. from a “hold” rating to a “buy” rating and set a $11.00 price objective for the company in a research report on Wednesday, April 26th. Stifel Nicolaus set a $11.00 price objective on Star Bulk Carriers Corp. and gave the stock a “hold” rating in a research report on Sunday, May 28th. Finally, Morgan Stanley upgraded Star Bulk Carriers Corp. from an “underweight” rating to an “overweight” rating and lifted their price objective for the stock from $3.00 to $15.00 in a research report on Tuesday, March 28th. Three research analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. The company has an average rating of “Buy” and an average price target of $11.64.
Shares of Star Bulk Carriers Corp. (SBLK) opened at 10.25 on Tuesday. The stock’s market cap is $625.53 million. Star Bulk Carriers Corp. has a 12-month low of $3.62 and a 12-month high of $13.40. The firm has a 50-day moving average price of $8.46 and a 200 day moving average price of $8.76.
Star Bulk Carriers Corp. (NASDAQ:SBLK) last posted its quarterly earnings results on Wednesday, May 24th. The shipping company reported ($0.21) earnings per share for the quarter, beating the consensus estimate of ($0.25) by $0.04. The firm had revenue of $64.87 million for the quarter, compared to analyst estimates of $64.27 million. Star Bulk Carriers Corp. had a negative return on equity of 7.89% and a negative net margin of 50.28%. Equities research analysts predict that Star Bulk Carriers Corp. will post ($0.55) EPS for the current fiscal year.
Star Bulk Carriers Corp. Company Profile
Star Bulk Carriers Corp. is an international shipping company. The Company owns and operates a fleet of dry bulk carrier vessels. As of December 31, 2016, the Company’s fleet included 73 vessels consisting primarily of Newcastlemax and Capesize, as well as Kamsarmax, Ultramax and Supramax vessels with a carrying capacity between 52,055 and 209,537 deadweight tonnage (dwt).
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