NASDAQ:SBLK - Star Bulk Carriers Stock Price, Forecast & News

Star Bulk Carriers' stock was trading at $7.37 on March 11th, 2020 when Coronavirus (COVID-19) reached pandemic status according to the World Health Organization. Since then, SBLK shares have decreased by 23.5% and is now trading at $5.64. View which stocks have been mosted impacted by Coronavirus.

4 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Star Bulk Carriers in the last year. There are currently 2 hold ratings and 2 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View analyst ratings for Star Bulk Carriers.

Star Bulk Carriers is scheduled to release its next quarterly earnings announcement on Wednesday, May 27th 2020. View our earnings forecast for Star Bulk Carriers.

Star Bulk Carriers Corp. (NASDAQ:SBLK) announced its quarterly earnings data on Wednesday, February, 19th. The shipping company reported $0.36 EPS for the quarter, beating the Zacks' consensus estimate of $0.25 by $0.11. The shipping company had revenue of $248.64 million for the quarter, compared to analyst estimates of $253.49 million. Star Bulk Carriers had a positive return on equity of 1.54% and a negative net margin of 1.97%. View Star Bulk Carriers' earnings history.

Star Bulk Carriers announced a quarterly dividend on Wednesday, February 19th. Shareholders of record on Monday, March 2nd will be given a dividend of $0.05 per share on Thursday, March 12th. This represents a $0.20 dividend on an annualized basis and a yield of 3.55%. The ex-dividend date is Friday, February 28th. View Star Bulk Carriers' dividend history.

4 brokers have issued 1-year price targets for Star Bulk Carriers' stock. Their forecasts range from $10.00 to $15.00. On average, they anticipate Star Bulk Carriers' share price to reach $11.80 in the next twelve months. This suggests a possible upside of 109.2% from the stock's current price. View analysts' price targets for Star Bulk Carriers.

Press coverage about SBLK stock has been trending very positive on Tuesday, InfoTrie Sentiment reports. InfoTrie ranks the sentiment of press coverage by monitoring more than six thousand blog and news sources in real time. The firm ranks coverage of companies on a scale of negative five to five, with scores closest to five being the most favorable. Star Bulk Carriers earned a news impact score of 3.2 on InfoTrie's scale. They also gave press coverage about the shipping company a news buzz of 0.0 out of 10, indicating that recent press coverage is extremely unlikely to have an effect on the stock's share price in the next few days. View the latest news aboutStar Bulk Carriers.

Star Bulk Carriers saw a drop in short interest during the month of March. As of March 13th, there was short interest totaling 2,780,600 shares, a drop of 11.2% from the February 27th total of 3,130,000 shares. Based on an average daily trading volume, of 588,700 shares, the days-to-cover ratio is currently 4.7 days. Approximately 3.5% of the company's stock are sold short. View Star Bulk Carriers' Current Options Chain.

Some companies that are related to Star Bulk Carriers include SEASPAN CORP/SH SH (SSW), Frontline (FRO), Scorpio Tankers (STNG), Ship Finance International (SFL), DHT (DHT), PAC BASIN SHIPP/ADR (PCFBY), Seacor (CKH), COSTAMARE INC/SH (CMRE), DryShips (DRYS), Dorian LPG (LPG), Teekay (TK), TSAKOS ENERGY N/SH (TNP), Navigator (NVGS), Genco Shipping & Trading (GNK) and Overseas Shipholding Group (OSG).

Based on aggregate information from My MarketBeat watchlists, some companies that other Star Bulk Carriers investors own include Bank of America (BAC), Intelsat (I), Scorpio Tankers (STNG), The Coca-Cola (KO), Cypress Semiconductor (CY), Micron Technology (MU), Diana Shipping (DSX), Eagle Bulk Shipping (EGLE), Fossil Group (FOSL) and Intel (INTC).

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

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

One share of SBLK stock can currently be purchased for approximately $5.64.

Star Bulk Carriers has a market capitalization of $517.41 million and generates $821.36 million in revenue each year. The shipping company earns $-16,200,000.00 in net income (profit) each year or $0.26 on an earnings per share basis. Star Bulk Carriers employs 169 workers across the globe. View additional information about Star Bulk Carriers.

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

Star Bulk Carriers' mailing address is C/O STAR BULK MANAGEMENT INC. 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]