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NASDAQ:SBLK

Star Bulk Carriers (SBLK) Stock Forecast, Price & News

$18.12
-0.17 (-0.93%)
(As of 06/9/2023 ET)
Compare
Today's Range
$18.00
▼
$18.35
50-Day Range
$17.13
▼
$22.25
52-Week Range
$16.85
▼
$27.82
Volume
687,152 shs
Average Volume
1.33 million shs
Market Capitalization
$1.86 billion
P/E Ratio
4.21
Dividend Yield
7.73%
Price Target
$29.67
ProfileAnalyst RatingsChartCompetitorsDividendEarningsFinancialsInstitutional OwnershipHeadlinesOptions ChainSEC FilingsShort InterestSocial Media

Star Bulk Carriers MarketRank™ Forecast

Analyst Rating
Buy
3.00 Rating Score
Upside/​Downside
63.7% Upside
$29.67 Price Target
Short Interest
Healthy
4.29% of Float Sold Short
Dividend Strength
Strong
Based on Four Factors
Sustainability
N/A
News Sentiment
0.86mentions of Star Bulk Carriers in the last 14 days
Based on 5 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
31.25%
From $2.56 to $3.36 Per Share

Overall MarketRank™

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

3.32 out of 5 stars

Transportation Sector

1st out of 123 stocks

Deep Sea Foreign Transportation Of Freight Industry

1st out of 30 stocks

See Top Rated MarketRank™ Stocks Here

SBLK stock logo

About Star Bulk Carriers (NASDAQ:SBLK) Stock

Star Bulk Carriers Corp. is one of the world's largest bulk goods shippers. The company is ranked 4th by the number of ships but 2nd by deadweight tonnage, which stands at over 14 million. Bulk carriers transport unpackaged goods, such as commodities and raw materials, which are classified into two categories; major bulk and minor bulk.

Star Bulk Carriers Corp. was incorporated in 2006 in the Marshall Islands but maintains operational headquarters in Marousi, Greece. The company’s primary business is the oceanic transportation of dry bulk cargoes globally, although it does offer other services including vessel management. The company’s goal is to be a high-quality, sustainable and efficient operator that can produce long-term growth for investors. Growth will come via expansion and acquisitions as they present themselves.

Star Bulk Carriers Corp is a diversified dry bulk shipper as well. The fleet comprises 128 vessels ranging from the Supramax to Newcastlemax class, the largest shipping vessel in service. The bulk of the vessels are Kamsarmax class (there are 41 as of December 2022), while the remainder is mostly Newcastlemax, Capesize, Ultramax and Supramax. The size and scope of the fleet allow it to operate in all shipping markets where and as needed.

The company transports a wide range of major and minor bulks. Major bulks include iron, grains, sand and gravel, while the minor bulks include fertilizer, steel and cement.  The company’s fleet has an average age of 10 years (in 2022) which is young for a large shipping fleet. It transports more than 60 million tonnes of goods annually and is systemically important to the global supply chain. The charter schedule is set up in a way that allows maximum flexibility. Some vessels are reserved for longer-term charters that guarantee steady revenue while the rest are reserved for shorter-term and opportunistic charters.

Star Bulk Carriers Corp manages the bulk of its fleet through two subsidiaries, Star Bulk SA and Star Bulk Cyprus. This strategy allows the company to manage its fleet efficiently, including taking advantage of synergies and the benefits of scale. The company uses technology to its advantage. It invests in the latest ship technology and the tools to manage and maintain its fleet and maximize operational efficiency.

The company aims to maintain a healthy balance sheet through the ups and downs of the shipping cycle and only carries moderate amounts of debt. The company initiated a dividend policy in 2021 that allows it to pay dividends 4 times per year. The policy states “the Board may declare a dividend in each of February, May, August and November in an amount equal to (a) Star Bulk’s Total Cash Balance minus (b) the product of (i) the Minimum Cash Balance per Vessel and (ii) the Number of Vessels.” The company’s revenue approached $6 billion annually in 2022.

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SBLK Stock News Headlines

June 6, 2023 | markets.businessinsider.com
Jefferies Reaffirms Their Buy Rating on Star Bulk Carriers (SBLK)
June 5, 2023 | americanbankingnews.com
Star Bulk Carriers Corp. (NASDAQ:SBLK) to Issue Quarterly Dividend of $0.35
June 9, 2023 | Vantage Point (Ad)
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May 31, 2023 | finance.yahoo.com
Star Bulk Carriers President, Hamish Norton, Discusses Business – Capital Allocation Strategy & Dry Bulk Sector Outlook
May 26, 2023 | finance.yahoo.com
Wall Street Bulls Look Optimistic About Star Bulk Carriers (SBLK): Should You Buy?
May 22, 2023 | msn.com
Unusual Call Option Trade in Star Bulk Carriers (SBLK) Worth $81.52K
May 22, 2023 | msn.com
Star Bulk Carriers: Cutting Through Volatile Times With Stellar OPEX Efficiency
May 19, 2023 | americanbankingnews.com
Star Bulk Carriers (NASDAQ:SBLK) Shares Gap Up Following Dividend Announcement
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May 18, 2023 | msn.com
Star Bulk Carriers (SBLK) Declares $0.35 Dividend
May 18, 2023 | seekingalpha.com
Star Bulk Carriers Delivered Better Than We Expected In Q1
May 18, 2023 | finance.yahoo.com
Analysts Have Just Cut Their Star Bulk Carriers Corp. (NASDAQ:SBLK) Revenue Estimates By 12%
May 17, 2023 | msn.com
Jefferies Maintains Star Bulk Carriers (SBLK) Buy Recommendation
May 17, 2023 | americanbankingnews.com
Star Bulk Carriers (NASDAQ:SBLK) Trading Down 3.2%
May 17, 2023 | msn.com
Star Bulk Carriers higher on beating top and bottom-line estimates
May 17, 2023 | msn.com
Star Bulk Carriers cuts dividend by 42% to $0.35
May 16, 2023 | finance.yahoo.com
Star Bulk Carriers Corp. Reports Net Profit of $45.9 Million For the First Quarter of 2023, Declares Quarterly Dividend of $0.35 per Share and Renews Share Repurchase Program of up to $50.0 Million
May 16, 2023 | finance.yahoo.com
Star Bulk Carriers (SBLK) Q1 Earnings and Revenues Top Estimates
May 15, 2023 | msn.com
Star Bulk Carriers Q1 2023 Earnings Preview
May 15, 2023 | msn.com
Star Bulk Carriers's Earnings: A Preview
May 14, 2023 | americanbankingnews.com
Star Bulk Carriers (SBLK) Scheduled to Post Earnings on Tuesday
May 9, 2023 | finance.yahoo.com
Earnings Preview: Star Bulk Carriers (SBLK) Q1 Earnings Expected to Decline
May 8, 2023 | finanznachrichten.de
Star Bulk Carriers Corp.: Star Bulk Announces Results of Its 2023 Annual Meeting of Shareholders
May 8, 2023 | finance.yahoo.com
Star Bulk (SBLK) Gears Up for Q1 Earnings: What's in Store?
May 8, 2023 | finance.yahoo.com
Star Bulk Announces Results of Its 2023 Annual Meeting of Shareholders
May 8, 2023 | benzinga.com
Star Bulk Carriers Stock (NASDAQ:SBLK), Analyst Ratings, Price Targets, Predictions
May 6, 2023 | msn.com
Star Bulk Carriers: Too Cheap To Pass By
See More Headlines

SBLK Price History

SBLK Company Calendar

Last Earnings
11/16/2021
Ex-Dividend for 3/14 Dividend
2/27/2023
Dividend Payable
3/14/2023
Ex-Dividend for 6/27 Dividend
6/06/2023
Today
6/09/2023
Dividend Payable
6/27/2023
Next Earnings (Estimated)
8/03/2023
Fiscal Year End
12/31/2023
Get Stock Alerts

Industry, Sector and Symbol

Stock Exchange
NASDAQ
Industry
Deep sea foreign transportation of freight
Sub-Industry
N/A
Sector
Transportation
Current Symbol
NASDAQ:SBLK
CUSIP
N/A
CIK
1386716
Web
www.starbulk.com
Phone
302106178400
Fax
30 210 61 78 378
Employees
209
Year Founded
N/A

Price Target and Rating

Average Stock Price Forecast
$29.67
High Stock Price Forecast
$33.00
Low Stock Price Forecast
$26.00
Forecasted Upside/Downside
+64.4%
Consensus Rating
Buy
Rating Score (0-4)
3.00
Research Coverage
2 Analysts

Profitability

EPS (Most Recent Fiscal Year)
$4.30
Trailing P/E Ratio
4.20
Forward P/E Ratio
7.05
P/E Growth
N/A
Net Income
$566 million
Net Margins
33.95%
Pretax Margin
33.97%
Return on Equity
23.00%
Return on Assets
13.40%

Debt

Debt-to-Equity Ratio
0.52
Current Ratio
1.64
Quick Ratio
1.43

Sales & Book Value

Annual Sales
$1.44 billion
Price / Sales
1.29
Cash Flow
$7.52 per share
Price / Cash Flow
2.40
Book Value
$19.63 per share
Price / Book
0.92

Miscellaneous

Outstanding Shares
102,860,000
Free Float
101,931,000
Market Cap
$1.86 billion
Optionable
Optionable
Beta
1.04

Social Links


Key Executives

  • Mr. Petros Alexandros Pappas (Age 70)
    Founder, CEO & Director
    Comp: $9.89k
  • Mr. Hamish Norton (Age 64)
    Pres
  • Mr. Simos Spyrou (Age 49)
    Co-Chief Financial Officer
  • Mr. Christos Begleris (Age 42)
    Co-Chief Financial Officer
  • Mr. Nicos Rescos (Age 51)
    Chief Operating Officer
  • Mr. Zenon Kleopas (Age 68)
    Exec. VP of Green Energy & Technology
  • Georgia Mastagaki
    Co-Gen. Counsel
  • Ms. Charis Plakantonaki (Age 44)
    Chief Strategy Officer
  • Mr. Constantinos Simantiras
    Head of Market Research

Key Competitors

View All Competitors

Institutional Ownership

View All Institutional Transactions













SBLK Stock - Frequently Asked Questions

Should I buy or sell Star Bulk Carriers stock right now?

2 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Star Bulk Carriers in the last year. There are currently 2 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" SBLK shares.
View SBLK analyst ratings or view top-rated stocks.

What is Star Bulk Carriers' stock price forecast for 2023?

2 Wall Street research analysts have issued 12-month price targets for Star Bulk Carriers' shares. Their SBLK share price forecasts range from $26.00 to $33.00. On average, they predict the company's share price to reach $29.67 in the next year. This suggests a possible upside of 64.4% from the stock's current price.
View analysts price targets for SBLK or view top-rated stocks among Wall Street analysts.

How have SBLK shares performed in 2023?

Star Bulk Carriers' stock was trading at $19.23 at the start of the year. Since then, SBLK shares have decreased by 6.1% and is now trading at $18.05.
View the best growth stocks for 2023 here.

Are investors shorting Star Bulk Carriers?

Star Bulk Carriers saw a decrease in short interest during the month of May. As of May 15th, there was short interest totaling 4,010,000 shares, a decrease of 22.1% from the April 30th total of 5,150,000 shares. Based on an average daily trading volume, of 1,290,000 shares, the short-interest ratio is presently 3.1 days. Approximately 4.3% of the shares of the company are sold short.
View Star Bulk Carriers' Short Interest.

When is Star Bulk Carriers' next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Thursday, August 3rd 2023.
View our SBLK earnings forecast.

How were Star Bulk Carriers' earnings last quarter?

Star Bulk Carriers Corp. (NASDAQ:SBLK) posted its quarterly earnings results on Tuesday, November, 16th. The shipping company reported $2.19 earnings per share for the quarter, topping the consensus estimate of $2.16 by $0.03. The shipping company earned $415.69 million during the quarter, compared to the consensus estimate of $406.04 million. Star Bulk Carriers had a net margin of 33.95% and a trailing twelve-month return on equity of 23.00%. During the same period in the previous year, the company posted $0.28 EPS.

How often does Star Bulk Carriers pay dividends? What is the dividend yield for Star Bulk Carriers?

Star Bulk Carriers declared a quarterly dividend on Tuesday, May 16th. Stockholders of record on Wednesday, June 7th will be given a dividend of $0.35 per share on Tuesday, June 27th. This represents a $1.40 dividend on an annualized basis and a yield of 7.76%. The ex-dividend date is Tuesday, June 6th.
Read our dividend analysis for SBLK.

What ETFs hold Star Bulk Carriers' stock?

ETFs with the largest weight of Star Bulk Carriers (NASDAQ:SBLK) stock in their portfolio include SonicShares Global Shipping ETF (BOAT), AAM S&P Emerging Markets High Dividend Value ETF (EEMD), iShares Emerging Markets Dividend ETF (DVYE), Global X SuperDividend ETF (SDIV), Arrow Dow Jones Global Yield ETF (GYLD) and Pacer Industrials and Logistics ETF (SHPP).Qraft AI-Enhanced Next Value ETF (NVQ).

Is Star Bulk Carriers a good dividend stock?

Star Bulk Carriers (NASDAQ:SBLK) pays an annual dividend of $1.40 per share and currently has a dividend yield of 7.72%. SBLK has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The dividend payout ratio is 32.56%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, SBLK will have a dividend payout ratio of 41.67% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for SBLK.

What other stocks do shareholders of Star Bulk Carriers own?

Based on aggregate information from My MarketBeat watchlists, some companies that other Star Bulk Carriers investors own include Bank of America (BAC), Intelsat (I), Diana Shipping (DSX), Scorpio Tankers (STNG), Eagle Bulk Shipping (EGLE), Micron Technology (MU), OPKO Health (OPK), Fossil Group (FOSL), Golden Ocean Group (GOGL) and Intel (INTC).

What is Star Bulk Carriers' stock symbol?

Star Bulk Carriers trades on the NASDAQ under the ticker symbol "SBLK."

Who are Star Bulk Carriers' major shareholders?

Star Bulk Carriers' stock is owned by many different institutional and retail investors. Top institutional shareholders include Group One Trading L.P. (0.00%), Susquehanna International Group LLP (0.00%), Balyasny Asset Management L.P. (0.93%), Renaissance Technologies LLC (0.90%), Jane Street Group LLC (0.00%) and BlackRock Inc. (0.80%).

How do I buy shares of Star Bulk Carriers?

Shares of SBLK stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.

What is Star Bulk Carriers' stock price today?

One share of SBLK stock can currently be purchased for approximately $18.05.

How much money does Star Bulk Carriers make?

Star Bulk Carriers (NASDAQ:SBLK) has a market capitalization of $1.86 billion and generates $1.44 billion in revenue each year. The shipping company earns $566 million in net income (profit) each year or $4.30 on an earnings per share basis.

How many employees does Star Bulk Carriers have?

The company employs 209 workers across the globe.

How can I contact Star Bulk Carriers?

Star Bulk Carriers' mailing address is 40 AGIOU KONSTANTINOU STR MAROUSSI, ATHENS J3, 15124. The official website for the company is www.starbulk.com. The shipping company can be reached via phone at 302106178400, via email at starbulk@capitallink.com, or via fax at 30 210 61 78 378.

This page (NASDAQ:SBLK) was last updated on 6/9/2023 by MarketBeat.com Staff

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