NASDAQ:SBLK

Star Bulk Carriers Stock Forecast, Price & News

$22.55
+1.02 (+4.74 %)
(As of 06/11/2021 12:00 AM ET)
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Today's Range
$21.61
$22.57
50-Day Range
$14.22
$23.22
52-Week Range
$5.87
$23.29
Volume2.01 million shs
Average Volume1.52 million shs
Market Capitalization$2.24 billion
P/E Ratio52.44
Dividend Yield5.57%
Beta1.28
30 days | 90 days | 365 days | Advanced Chart
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Star Bulk Carriers logo

About Star Bulk Carriers

Star Bulk Carriers Corp., a shipping company, engages in the ocean transportation of dry bulk cargoes worldwide. The company's vessels transport a range of major bulks, including iron ores, coal, and grains, as well as minor bulks, such as bauxite, fertilizers, and steel products. As of March 16, 2021, it had a fleet of 128 vessels with an aggregate capacity of approximately 14.1 million deadweight tons, including 17 Newcastlemax, 22 Capesize, 2 Mini Capesize, 7 Post Panamax, 41 Kamsarmax, 2 Panamax, 20 Ultramax, and 17 Supramax vessels. The company also provides vessel management services. Star Bulk Carriers Corp. was incorporated in 2006 and is based in Maroussi, Greece.

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MarketRank

Overall MarketRank

1.64 out of 5 stars

Transportation Sector

65th out of 247 stocks

Deep Sea Foreign Transportation Of Freight Industry

15th out of 55 stocks

Analyst Opinion: 1.4Community Rank: 2.8Dividend Strength: 2.5Insider Behavior: 0.8Valuation: 0.6 5 -4 -3 -2 -1 -
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Star Bulk Carriers (NASDAQ:SBLK) Frequently Asked Questions

Is Star Bulk Carriers a buy right now?

6 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Star Bulk Carriers in the last year. There are currently 1 hold rating and 5 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "buy" Star Bulk Carriers stock.
View analyst ratings for Star Bulk Carriers
or view top-rated stocks.

What stocks does MarketBeat like better than Star Bulk Carriers?

Wall Street analysts have given Star Bulk Carriers a "Buy" rating, but there may be better buying opportunities in the stock market. Some of MarketBeat's past winning trading ideas have resulted in 5-15% weekly gains. MarketBeat just released five new stock ideas, but Star Bulk Carriers wasn't one of them. MarketBeat thinks these five companies may be even better buys.
View MarketBeat's top stock picks here.

Are investors shorting Star Bulk Carriers?

Star Bulk Carriers saw a increase in short interest during the month of May. As of May 28th, there was short interest totaling 1,080,000 shares, an increase of 38.8% from the May 13th total of 777,900 shares. Based on an average daily volume of 1,670,000 shares, the days-to-cover ratio is currently 0.6 days. Approximately 1.2% of the shares of the stock are sold short.
View Star Bulk Carriers' Short Interest
.

When is Star Bulk Carriers' next earnings date?

Star Bulk Carriers is scheduled to release its next quarterly earnings announcement on Wednesday, August 4th 2021.
View our earnings forecast for Star Bulk Carriers
.

How were Star Bulk Carriers' earnings last quarter?

Star Bulk Carriers Corp. (NASDAQ:SBLK) released its quarterly earnings results on Tuesday, May, 18th. The shipping company reported $0.36 EPS for the quarter, missing the Thomson Reuters' consensus estimate of $0.41 by $0.05. Star Bulk Carriers had a net margin of 5.82% and a trailing twelve-month return on equity of 4.89%.
View Star Bulk Carriers' earnings history
.

How has Star Bulk Carriers' stock price been impacted by Coronavirus?

Star Bulk Carriers' stock was trading at $7.37 on March 11th, 2020 when Coronavirus reached pandemic status according to the World Health Organization (WHO). Since then, SBLK stock has increased by 206.0% and is now trading at $22.55.
View which stocks have been most impacted by COVID-19
.

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 Wednesday, May 19th. Shareholders of record on Monday, May 31st will be paid a dividend of $0.30 per share on Monday, June 14th. This represents a $1.20 dividend on an annualized basis and a yield of 5.32%. The ex-dividend date is Thursday, May 27th. This is an increase from Star Bulk Carriers's previous quarterly dividend of $0.05.
View Star Bulk Carriers' dividend history
.

Is Star Bulk Carriers a good dividend stock?

Star Bulk Carriers pays an annual dividend of $1.20 per share and currently has a dividend yield of 5.57%. SBLK has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. Star Bulk Carriers does not yet have a strong track record of dividend growth. The dividend payout ratio of Star Bulk Carriers is 705.88%. Payout ratios above 75% are not desirable because they may not be sustainable. Based on earnings estimates, Star Bulk Carriers will have a dividend payout ratio of 24.14% next year. This indicates that Star Bulk Carriers will be able to sustain or increase its dividend.
View Star Bulk Carriers' dividend history.

What price target have analysts set for SBLK?

6 brokers have issued 12-month price objectives for Star Bulk Carriers' stock. Their forecasts range from $8.60 to $40.00. On average, they expect Star Bulk Carriers' share price to reach $24.53 in the next twelve months. This suggests a possible upside of 8.8% from the stock's current price.
View analysts' price targets for Star Bulk Carriers
or view top-rated stocks among Wall Street analysts.

Who are Star Bulk Carriers' key executives?

Star Bulk Carriers' management team includes the following people:
  • Mr. Petros Alexandros Pappas, Founder, CEO & Director (Age 68, Pay $9.89k)
  • Mr. Hamish Norton, Pres (Age 62)
  • Mr. Simos Spyrou, Co-Chief Financial Officer (Age 47)
  • Mr. Christos Begleris, Co-Chief Financial Officer (Age 40)
  • Mr. Nicos Rescos, Chief Operating Officer (Age 49)
  • Mr. Zenon Kleopas, Exec. VP of Green Energy & Technology (Age 66)
  • Georgia Mastagaki, Co-Gen. Counsel
  • Ms. Charis Plakantonaki, Chief Strategy Officer (Age 42)
  • Mr. Herman Alf Billung, Sr. VP
  • Mr. Constantinos Simantiras, Head of Market Research

Who are some of Star Bulk Carriers' key competitors?

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 retail and institutional investors. Top institutional investors include Impala Asset Management LLC (1.92%), Morgan Stanley (1.28%), Renaissance Technologies LLC (1.01%), No Street GP LP (0.91%), Arrowstreet Capital Limited Partnership (0.82%) and Artemis Investment Management LLP (0.35%).

Which major investors are selling Star Bulk Carriers stock?

SBLK stock was sold by a variety of institutional investors in the last quarter, including Renaissance Technologies LLC, UBS Group AG, Impala Asset Management LLC, Banque Cantonale Vaudoise, Clearbridge Investments LLC, Sippican Capital Advisors, and WealthTrust Axiom LLC.

Which major investors are buying Star Bulk Carriers stock?

SBLK stock was acquired by a variety of institutional investors in the last quarter, including No Street GP LP, Morgan Stanley, Artemis Investment Management LLP, Voloridge Investment Management LLC, Manatuck Hill Partners LLC, CHURCHILL MANAGEMENT Corp, Millennium Management LLC, and Arrowstreet Capital Limited Partnership.

How do I buy shares of Star Bulk Carriers?

Shares of SBLK 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 $22.55.

How much money does Star Bulk Carriers make?

Star Bulk Carriers has a market capitalization of $2.24 billion and generates $693.24 million in revenue each year. The shipping company earns $9.66 million in net income (profit) each year or $0.17 on an earnings per share basis.

How many employees does Star Bulk Carriers have?

Star Bulk Carriers employs 180 workers across the globe.

What is Star Bulk Carriers' official website?

The official website for Star Bulk Carriers is www.starbulk.com.

Where are Star Bulk Carriers' headquarters?

Star Bulk Carriers is headquartered at 40 AGIOU KONSTANTINOU STR MAROUSSI, ATHENS J3, 15124.

How can I contact Star Bulk Carriers?

Star Bulk Carriers' mailing address is 40 AGIOU KONSTANTINOU STR MAROUSSI, ATHENS J3, 15124. The shipping company can be reached via phone at 011-30-21-0617-8400 or via email at [email protected]


This page was last updated on 6/13/2021 by MarketBeat.com Staff
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