NASDAQ:SBLK

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

$19.03

-0.17 (-0.89%)

(As of 10/3/2023 ET)

Compare

Today's Range: $18.91
▼
$19.25
50-Day Range: $16.91
▼
$19.28
52-Week Range: $16.57
▼
$25.03

Volume: 933,269 shs
Average Volume: 832,874 shs
Market Capitalization: $1.96 billion

P/E Ratio: 6.85
Dividend Yield: 8.41%
Price Target: $28.33

Star Bulk Carriers MarketRank™ Forecast

Analyst Rating: Buy
3.00 Rating Score
Upside/Downside: 48.9% Upside
$28.33 Price Target
Short Interest: Healthy
1.88% of Float Sold Short
Dividend Strength: Strong
Based on Four Factors
Sustainability: N/A
News Sentiment: 1.31
Based on 3 Articles This Week
Insider Trading: N/A
Proj. Earnings Growth: 74.21%
From $1.90 to $3.31 Per Share

Overall MarketRank^™

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

3.35 out of 5 stars

Transportation Sector

2nd out of 115 stocks

Deep Sea Foreign Transportation Of Freight Industry

1st out of 27 stocks

3.5

Analyst's Opinion

Consensus Rating
Star Bulk Carriers has received a consensus rating of Buy. The company's average rating score is 3.00, and is based on 1 buy rating, no hold ratings, and no sell ratings.
Price Target Upside/Downside
According to analysts' consensus price target of $28.33, Star Bulk Carriers has a forecasted upside of 48.9% from its current price of $19.03.
Amount of Analyst Coverage
Star Bulk Carriers has only been the subject of 1 research reports in the past 90 days.

5.0

Short Interest

Percentage of Shares Shorted
1.88% of the float of Star Bulk Carriers has been sold short.
Short Interest Ratio / Days to Cover
Star Bulk Carriers has a short interest ratio ("days to cover") of 2, which is generally considered an acceptable ratio of short interest to trading volume.
Change versus previous month
Short interest in Star Bulk Carriers has recently decreased by 34.88%, indicating that investor sentiment is improving significantly.

3.3

Dividend Strength

Dividend Leadership
Star Bulk Carriers is a leading dividend payer. It pays a dividend yield of 8.30%, putting its dividend yield in the top 25% of dividend-paying stocks.
Dividend Growth
Star Bulk Carriers does not have a long track record of dividend growth.
Dividend Coverage
The dividend payout ratio of Star Bulk Carriers is 57.55%. This payout ratio is at a healthy, sustainable level, below 75%.
Dividend Sustainability
Based on earnings estimates, Star Bulk Carriers will have a dividend payout ratio of 48.34% next year. This indicates that Star Bulk Carriers will be able to sustain or increase its dividend.

N/A

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
There is no current Upright™ data available for SBLK.

3.0

News and Social Media Coverage

News Sentiment
Star Bulk Carriers has a news sentiment score of 1.31. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.53 average news sentiment score of Transportation companies.
News Coverage This Week
MarketBeat has tracked 3 news articles for Star Bulk Carriers this week, compared to 3 articles on an average week.
Search Interest
Only 37 people have searched for SBLK on MarketBeat in the last 30 days. This is a decrease of -46% compared to the previous 30 days.
MarketBeat Follows
30 people have added Star Bulk Carriers to their MarketBeat watchlist in the last 30 days. This is an increase of 20% compared to the previous 30 days.

0.8

Company Ownership

Insider Buying vs. Insider Selling
In the past three months, Star Bulk Carriers insiders have not sold or bought any company stock.
Percentage Held by Institutions
44.66% of the stock of Star Bulk Carriers is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

3.8

Earnings and Valuation

Earnings Growth
Earnings for Star Bulk Carriers are expected to grow by 74.21% in the coming year, from $1.90 to $3.31 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of Star Bulk Carriers is 6.85, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 121.28.
Price to Earnings Ratio vs. Sector
The P/E ratio of Star Bulk Carriers is 6.85, which means that it is trading at a less expensive P/E ratio than the Transportation sector average P/E ratio of about 11.27.
Price to Book Value per Share Ratio
Star Bulk Carriers has a P/B Ratio of 0.97. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities.

See Top Rated MarketRank™ Stocks Here

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.

SBLK Price History

30 days | 90 days | 365 days | Advanced Chart

SBLK Stock News Headlines

September 29, 2023 | finance.yahoo.com

Do Options Traders Know Something About Star Bulk Carriers (SBLK) Stock We Don't?

September 24, 2023 | americanbankingnews.com

Star Bulk Carriers (NASDAQ:SBLK) Trading 5.3% Higher

October 4, 2023 | Oxford Club (Ad)

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September 19, 2023 | seekingalpha.com

Star Bulk Carriers Is Still An Attractive High-Yielding Buy

September 18, 2023 | markets.businessinsider.com

Cleaves Securities Sticks to Its Buy Rating for Star Bulk Carriers (SBLK)

September 15, 2023 | finance.yahoo.com

An Intrinsic Calculation For Star Bulk Carriers Corp. (NASDAQ:SBLK) Suggests It's 50% Undervalued

September 3, 2023 | msn.com

Star Bulk Carriers: Improved Balance Sheets Trigger Handsome Dividends

August 31, 2023 | finanznachrichten.de

Star Bulk Carriers Corp.: Star Bulk Announces Changes to Its Board of Directors

October 4, 2023 | Behind the Markets (Ad)

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August 23, 2023 | finance.yahoo.com

Star Bulk Announces Availability of US Dividend Tax Treatment Forms

August 20, 2023 | finance.yahoo.com

Star Bulk Carriers Corp. (NASDAQ:SBLK) most popular amongst retail investors who own 47% of the shares, institutions hold 45%

August 16, 2023 | benzinga.com

Star Bulk Carriers's Ex-Dividend Date Is Monday, Here's What You Need To Know

August 15, 2023 | markets.businessinsider.com

Star Bulk Carriers (SBLK) Receives a Rating Update from a Top Analyst

August 14, 2023 | benzinga.com

Star Bulk Carriers Update: Staying The Course While Focusing On Longer Term Sector Fundamentals

August 11, 2023 | seekingalpha.com

Star Bulk Carriers: 8% Dividend Yield, Lower Debt

August 10, 2023 | seekingalpha.com

Star Bulk Carriers Corp. 2023 Q2 - Results - Earnings Call Presentation

August 6, 2023 | finance.yahoo.com

Things Look Grim For Star Bulk Carriers Corp. (NASDAQ:SBLK) After Today's Downgrade

August 4, 2023 | seekingalpha.com

Star Bulk Carriers Corporation (SBLK) Q2 2023 Earnings Call Transcript

August 4, 2023 | seekingalpha.com

Star Bulk Carriers raises quarterly dividend by 14.3% to $0.4/share

August 3, 2023 | msn.com

Star Bulk Carriers (SBLK) Q2 Earnings Lag Estimates

August 3, 2023 | finance.yahoo.com

Star Bulk Carriers Corp. Reports Net Profit of $44.3 Million For the Second Quarter of 2023, and Declares Quarterly Dividend of $0.40 Per Share

August 2, 2023 | seekingalpha.com

Star Bulk Carriers: Smooth Sailing Ahead Despite Difficult First Half

July 28, 2023 | finance.yahoo.com

Star Bulk (SBLK) Gears Up for Q2 Earnings: What's in Store?

July 18, 2023 | finance.yahoo.com

Star Bulk Announces Date for the Release of Second Quarter Ended June 30, 2023 Results, Conference Call and Webcast

July 17, 2023 | finance.yahoo.com

At US$17.79, Is Star Bulk Carriers Corp. (NASDAQ:SBLK) Worth Looking At Closely?

July 10, 2023 | seekingalpha.com

Star Bulk Carriers: Buy The Massive Drop Before It Turns

July 6, 2023 | finance.yahoo.com

Star Bulk Carriers (SBLK) Stock Moves -0.12%: What You Should Know

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SBLK Company Calendar

Last Earnings: 8/03/2023
Ex-Dividend for 9/7 Dividend: 8/21/2023
Dividend Payable: 9/07/2023
Today: 10/04/2023
Next Earnings (Estimated): 11/15/2023
Fiscal Year End: 12/31/2023

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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: $28.33
High Stock Price Forecast: $33.00
Low Stock Price Forecast: $22.00
Forecasted Upside/Downside: +48.9%
Consensus Rating: Buy
Rating Score (0-4): 3.00
Research Coverage: 1 Analysts

Profitability

EPS (Most Recent Fiscal Year): $2.78
Trailing P/E Ratio: 6.85
Forward P/E Ratio: 10.02
P/E Growth: N/A
Net Income: $566 million
Net Margins: 25.47%
Pretax Margin: 25.48%
Return on Equity: 15.58%
Return on Assets: 9.19%

Debt

Debt-to-Equity Ratio: 0.47
Current Ratio: 1.48
Quick Ratio: 1.28

Sales & Book Value

Annual Sales: $1.44 billion
Price / Sales: 1.37
Cash Flow: $7.49 per share
Price / Cash Flow: 2.54
Book Value: $19.63 per share
Price / Book: 0.97

Miscellaneous

Outstanding Shares: 103,180,000
Free Float: N/A
Market Cap: $1.96 billion
Optionable: Optionable
Beta: 1.00

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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?: 1 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Star Bulk Carriers in the last twelve months. There are currently 1 buy rating for the stock. The consensus among Wall Street 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?: 1 brokers have issued 12 month price targets for Star Bulk Carriers' stock. Their SBLK share price forecasts range from $22.00 to $33.00. On average, they predict the company's share price to reach $28.33 in the next year. This suggests a possible upside of 48.9% 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 beginning of 2023. Since then, SBLK stock has decreased by 1.0% and is now trading at $19.03.
View the best growth stocks for 2023 here.
When is Star Bulk Carriers' next earnings date?: The company is scheduled to release its next quarterly earnings announcement on Wednesday, November 15th 2023.
View our SBLK earnings forecast.
How were Star Bulk Carriers' earnings last quarter?: Star Bulk Carriers Corp. (NASDAQ:SBLK) announced its quarterly earnings results on Thursday, August, 3rd. The shipping company reported $0.47 EPS for the quarter, missing analysts' consensus estimates of $0.50 by $0.03. The shipping company earned $238.69 million during the quarter, compared to analysts' expectations of $227.59 million. Star Bulk Carriers had a net margin of 25.47% and a trailing twelve-month return on equity of 15.58%.
How often does Star Bulk Carriers pay dividends? What is the dividend yield for Star Bulk Carriers?: Star Bulk Carriers announced a quarterly dividend on Thursday, August 3rd. Shareholders of record on Tuesday, August 22nd will be paid a dividend of $0.40 per share on Thursday, September 7th. This represents a $1.60 dividend on an annualized basis and a yield of 8.41%. The ex-dividend date is Monday, August 21st. This is an increase from the stock's previous quarterly dividend of $0.35.
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) and Trajan Wealth Income Opportunities ETF (TWIO).iShares Emerging Markets Dividend ETF (DVYE).

Is Star Bulk Carriers a good dividend stock?: Star Bulk Carriers (NASDAQ:SBLK) pays an annual dividend of $1.60 per share and currently has a dividend yield of 8.33%. SBLK has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The dividend payout ratio is 57.55%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, SBLK will have a dividend payout ratio of 48.34% 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."
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 $19.03.
How much money does Star Bulk Carriers make?: Star Bulk Carriers (NASDAQ:SBLK) has a market capitalization of $1.96 billion and generates $1.44 billion in revenue each year. The shipping company earns $566 million in net income (profit) each year or $2.78 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 10/4/2023 by MarketBeat.com Staff

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