General Maritime (GNRT) Earns News Impact Score of 0.11

Headlines about General Maritime (NYSE:GNRT) have trended somewhat positive this week, Accern Sentiment reports. The research group scores the sentiment of news coverage by reviewing more than 20 million blog and news sources in real-time. Accern ranks coverage of companies on a scale of negative one to one, with scores closest to one being the most favorable. General Maritime earned a coverage optimism score of 0.11 on Accern’s scale. Accern also gave news articles about the shipping company an impact score of 46.642998149124 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the stock’s share price in the next several days.

A number of equities research analysts recently commented on GNRT shares. Jefferies Group started coverage on General Maritime in a research report on Monday, December 18th. They issued a “buy” rating and a $10.00 target price on the stock. UBS downgraded General Maritime from a “buy” rating to a “neutral” rating and boosted their target price for the stock from $6.50 to $6.75 in a research report on Wednesday, January 3rd. They noted that the move was a valuation call. ValuEngine upgraded General Maritime from a “sell” rating to a “hold” rating in a research report on Monday, April 2nd. DNB Markets upgraded General Maritime from a “hold” rating to a “buy” rating in a research report on Tuesday, March 6th. Finally, Citigroup downgraded General Maritime from a “buy” rating to a “neutral” rating in a research report on Tuesday, January 23rd. Six equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus price target of $7.92.

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NYSE GNRT traded down $0.08 during trading hours on Tuesday, hitting $6.14. 106,487 shares of the company were exchanged, compared to its average volume of 502,454. The company has a debt-to-equity ratio of 0.94, a current ratio of 1.68 and a quick ratio of 1.68. General Maritime has a 52 week low of $4.17 and a 52 week high of $6.94. The stock has a market capitalization of $512.09, a P/E ratio of -24.56 and a beta of 0.99.

General Maritime (NYSE:GNRT) last issued its quarterly earnings data on Wednesday, March 14th. The shipping company reported ($0.22) earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.26) by $0.04. General Maritime had a negative return on equity of 1.55% and a negative net margin of 56.54%. The company had revenue of $56.37 million for the quarter, compared to analysts’ expectations of $54.65 million. equities research analysts anticipate that General Maritime will post -0.8 earnings per share for the current fiscal year.

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About General Maritime

Gener8 Maritime, Inc provides international seaborne crude oil and petroleum products transportation services. As of March 14, 2018, it had a fleet of 30 vessels comprising 21 very large crude carriers, 6 Suezmaxes, 1 Aframax, and 2 Panamax tankers with a total carrying capacity of approximately 7.5 million deadweight tons.

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