Star Bulk Carriers Stock Forecast, Price & News

3 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 2 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "moderate buy" Star Bulk Carriers stock.
View analyst ratings for Star Bulk Carriers or view top-rated stocks.

3 Wall Street analysts have issued 12 month price objectives for Star Bulk Carriers' shares. Their SBLK stock forecasts range from $30.00 to $40.00. On average, they predict Star Bulk Carriers' stock price to reach $35.33 in the next year. This suggests a possible upside of 42.6% from the stock's current price.
View analysts' price targets for Star Bulk Carriers or view top-rated stocks among Wall Street analysts.

Star Bulk Carriers' stock was trading at $22.67 at the beginning of 2022. Since then, SBLK stock has increased by 9.3% and is now trading at $24.78.
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Star Bulk Carriers saw a increase in short interest in June. As of June 15th, there was short interest totaling 3,690,000 shares, an increase of 65.5% from the May 31st total of 2,230,000 shares. Based on an average daily trading volume, of 2,800,000 shares, the days-to-cover ratio is presently 1.3 days. Currently, 4.5% of the company's stock are sold short.
View Star Bulk Carriers' Short Interest.

Star Bulk Carriers is scheduled to release its next quarterly earnings announcement on Thursday, August 4th 2022.
View our earnings forecast for Star Bulk Carriers.

Star Bulk Carriers Corp. (NASDAQ:SBLK) released its quarterly earnings data on Tuesday, May, 24th. The shipping company reported $1.72 EPS for the quarter, topping the consensus estimate of $1.47 by $0.25. Star Bulk Carriers had a net margin of 51.34% and a trailing twelve-month return on equity of 42.24%. During the same period in the prior year, the firm earned $0.36 EPS.
View Star Bulk Carriers' earnings history.

Star Bulk Carriers declared a quarterly dividend on Tuesday, May 24th. Stockholders of record on Friday, June 3rd will be paid a dividend of $1.65 per share on Thursday, June 16th. This represents a $6.60 dividend on an annualized basis and a yield of 26.63%. The ex-dividend date of this dividend is Thursday, June 2nd.
View Star Bulk Carriers' dividend history.

Star Bulk Carriers(NASDAQ:SBLK) pays an annual dividend of $6.60 per share and currently has a dividend yield of 27.20%. SBLK has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The dividend payout ratio of Star Bulk Carriers is 82.81%. Payout ratios above 75% are not desirable because they may not be sustainable. Based on EPS estimates, Star Bulk Carriers will have a dividend payout ratio of 127.91% in the coming year. This indicates that Star Bulk Carriers may not be able to sustain their current dividend.
View Star Bulk Carriers' dividend history.

Some companies that are related to Star Bulk Carriers include ZIM Integrated Shipping Services (ZIM), Atlas (ATCO), Euronav (EURN), Scorpio Tankers (STNG), Pacific Basin Shipping (PCFBY), Frontline (FRO), Costamare (CMRE), Danaos (DAC), SFL (SFL), DHT (DHT), Navigator (NVGS), Genco Shipping & Trading (GNK), Navios Maritime Partners (NMM), Eagle Bulk Shipping (EGLE) and Global Ship Lease (GSL).
View all of SBLK's competitors.

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).

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

Star Bulk Carriers' stock is owned by many different institutional and retail investors. Top institutional investors include Renaissance Technologies LLC (2.52%), Arrowstreet Capital Limited Partnership (2.07%), Acadian Asset Management LLC (1.53%), Goldman Sachs Group Inc. (1.38%), Skandinaviska Enskilda Banken AB publ (0.88%) and BlackRock Inc. (0.77%).

SBLK stock was sold by a variety of institutional investors in the last quarter, including Skandinaviska Enskilda Banken AB publ , Clearbridge Investments LLC, Kingfisher Capital LLC, Capital Fund Management S.A., Advisor Group Holdings Inc., AlphaCrest Capital Management LLC, Lazard Asset Management LLC, and Qube Research & Technologies Ltd.

SBLK stock was acquired by a variety of institutional investors in the last quarter, including Renaissance Technologies LLC, Acadian Asset Management LLC, Goldman Sachs Group Inc., Gratus Capital LLC, CHURCHILL MANAGEMENT Corp, Group One Trading L.P., BlackRock Inc., and J. Goldman & Co LP.

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.
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One share of SBLK stock can currently be purchased for approximately $24.78.

Star Bulk Carriers (NASDAQ:SBLK) has a market capitalization of $2.53 billion and generates $1.43 billion in revenue each year. The shipping company earns $680.53 million in net income (profit) each year or $7.97 on an earnings per share basis.

Star Bulk Carriers employs 181 workers across the globe.

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