News headlines about Gener8 Maritime (NASDAQ:GNRT) have trended somewhat positive this week, Accern Sentiment Analysis reports. The research group scores the sentiment of news coverage by reviewing more than 20 million blog and news sources. Accern ranks coverage of companies on a scale of negative one to one, with scores nearest to one being the most favorable. Gener8 Maritime earned a daily sentiment score of 0.13 on Accern’s scale. Accern also assigned press coverage about the shipping company an impact score of 47.0247723716358 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the near term.
These are some of the news stories that may have impacted Accern’s rankings:
- Edited Transcript of GNRT earnings conference call or presentation 9-Nov-17 1:00pm GMT (finance.yahoo.com)
- Gener8 Maritime Inc (GNRT) Posts Earnings Results, Misses Expectations By $0.06 EPS (americanbankingnews.com)
- Gener8 Maritime, Inc. breached its 50 day moving average in a Bullish Manner : GNRT-US : November 8, 2017 (finance.yahoo.com)
- Gener8 Maritime, Inc. Announces Third Quarter 2017 Financial Results (finance.yahoo.com)
- Gener8 Maritime Inc (GNRT) Scheduled to Post Quarterly Earnings on Monday (americanbankingnews.com)
Shares of Gener8 Maritime (NASDAQ:GNRT) traded down $0.07 during trading hours on Friday, reaching $4.77. The company had a trading volume of 209,700 shares, compared to its average volume of 467,092. Gener8 Maritime has a 12 month low of $3.55 and a 12 month high of $6.16.
Gener8 Maritime (NASDAQ:GNRT) last announced its earnings results on Thursday, November 9th. The shipping company reported ($0.39) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.33) by ($0.06). The business had revenue of $47.89 million for the quarter, compared to analyst estimates of $47.06 million. Gener8 Maritime had a negative net margin of 110.14% and a negative return on equity of 23.25%. The company’s quarterly revenue was down 30.7% on a year-over-year basis. During the same period in the prior year, the company earned ($0.01) earnings per share.
Several research firms have recently commented on GNRT. BidaskClub raised Gener8 Maritime from a “sell” rating to a “hold” rating in a research report on Wednesday, October 18th. Zacks Investment Research raised Gener8 Maritime from a “sell” rating to a “hold” rating in a research report on Wednesday, October 4th. TheStreet raised Gener8 Maritime from a “d” rating to a “c-” rating in a research report on Wednesday, August 9th. Jefferies Group LLC reissued a “buy” rating on shares of Gener8 Maritime in a research report on Thursday, October 19th. Finally, ValuEngine lowered Gener8 Maritime from a “buy” rating to a “hold” rating in a research report on Friday, September 1st. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and one has assigned a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average target price of $10.00.
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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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