NASDAQ:SBLK Star Bulk Carriers Stock Forecast, Price & News Adding Choose a watchlist: Watchlist Adding You have already added five stocks to your watchlist. Upgrade to MarketBeat Daily Premium to add more stocks to your watchlist. Adding Star Bulk Carriers Corp. Please log in to your account or sign up in order to add this asset to your watchlist. $24.91 -1.05 (-4.04%) (As of 06/28/2022 10:57 AM ET) Add Compare Share Today's Range$24.69▼$25.4950-Day Range$24.03▼$33.6052-Week Range$16.56▼$33.99Volume27,163 shsAverage Volume3.27 million shsMarket Capitalization$2.55 billionP/E Ratio3.13Dividend Yield27.20%Price Target$35.33 ProfileAnalyst RatingsChartCompetitorsDividendEarningsFinancialsInstitutional OwnershipHeadlinesOptions ChainSEC FilingsShort InterestSocial Media View Price History Chart DataSkip Price History Chart 30 days | 90 days | 365 days | Advanced Chart Receive SBLK Stock News and Ratings via Email Sign-up to receive the latest news and ratings for Star Bulk Carriers and its competitors with MarketBeat's FREE daily newsletter. Email Address SBLK Stock Forecast (MarketRank)Overall MarketRank™2.38 out of 5 starsTransportation Sector53rd out of 173 stocksDeep Sea Foreign Transportation Of Freight Industry15th out of 45 stocksAnalyst Opinion: 3.3Community Rank: 4.8Dividend Strength: 1.7Insider Behavior: 0.8Valuation: 1.3 5 -4 -3 -2 -1 - 3.3 Analyst's Opinion Consensus RatingStar Bulk Carriers has received a consensus rating of Moderate Buy. The company's average rating score is 2.67, and is based on 2 buy ratings, 1 hold rating, and no sell ratings.Price Target Upside/DownsideAccording to analysts' consensus price target of $35.33, Star Bulk Carriers has a forecasted upside of 36.1% from its current price of $25.96.Amount of Analyst CoverageStar Bulk Carriers has only been the subject of 1 research reports in the past 90 days. Previous Next 4.8 Community Rank Outperform VotesStar Bulk Carriers has received 467 “outperform” votes. (Add your “outperform” vote.)Underperform VotesStar Bulk Carriers has received 190 “underperform” votes. (Add your “underperform” vote.)Community SentimentStar Bulk Carriers has received 71.08% “outperform” votes from our community.MarketBeat's community ratings are surveys of what our community members think about Star Bulk Carriers and other stocks. Vote “Outperform” if you believe SBLK will outperform the S&P 500 over the long term. Vote “Underperform” if you believe SBLK will underperform the S&P 500 over the long term. You may vote once every thirty days. Previous Next 1.7 Dividend Strength Dividend LeadershipStar Bulk Carriers is a leading dividend payer. It pays a dividend yield of 27.20%, putting its dividend yield in the top 25% of dividend-paying stocks.Dividend GrowthStar Bulk Carriers does not have a long track record of dividend growth.Dividend CoverageThe dividend payout ratio of Star Bulk Carriers is 82.81%. Payout ratios above 75% are not desirable because they may not be sustainable.Dividend SustainabilityBased 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. Previous Next 0.8 Company Ownership Insider Buying vs. Insider SellingIn the past three months, Star Bulk Carriers insiders have not sold or bought any company stock.Percentage Held by Institutions49.81% 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. Previous Next 1.3 Earnings and Valuation Earnings GrowthEarnings for Star Bulk Carriers are expected to decrease by -27.63% in the coming year, from $7.13 to $5.16 per share.Price to Earnings Ratio vs. the MarketThe P/E ratio of Star Bulk Carriers is 3.26, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 19.94.Price to Earnings Ratio vs. SectorThe P/E ratio of Star Bulk Carriers is 3.26, which means that it is trading at a less expensive P/E ratio than the Transportation sector average P/E ratio of about 5.84.Price to Book Value per Share RatioStar Bulk Carriers has a P/B Ratio of 1.28. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities. Previous Next See Top Rated MarketRank™ Stocks Here About Star Bulk Carriers (NASDAQ:SBLK)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 December 31, 2021, it had a fleet of 128 vessels with an aggregate capacity of approximately 14.1 million deadweight tons, including 17 Newcastlemax, 24 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 Marousi, Greece.Read More SBLK Stock News HeadlinesJune 28, 2022 | seekingalpha.comStar Bulk Carriers: Update On Dry Bulk Markets (Podcast Transcript)June 26, 2022 | americanbankingnews.comStar Bulk Carriers (NASDAQ:SBLK) Stock Price Down 2.2%June 24, 2022 | benzinga.comStar Bulk Carriers Committed to a Capital Allocation Strategy that Supports its Dividend PolicyJune 22, 2022 | finance.yahoo.comSouthwest (LUV) Raises Q2 Load Factor View, Sees Solid BookingsJune 21, 2022 | finance.yahoo.comBest Income Stocks to Buy for June 21stJune 16, 2022 | finance.yahoo.comStar Bulk Carriers (SBLK) Stock Moves -1.23%: What You Should KnowJune 16, 2022 | finance.yahoo.comStar Bulk Carriers Interview on Company Performance, Strategy, & Dry Bulk Shipping Sector OutlookJune 15, 2022 | finance.yahoo.comUPS Inks Tentative Deal With Pilots' Union on Contract ExtensionJune 10, 2022 | finance.yahoo.comStar Bulk Carriers (SBLK) Stock Moves -0.33%: What You Should KnowJune 10, 2022 | americanbankingnews.comStar Bulk Carriers (NASDAQ:SBLK) Stock Price Down 9.5%June 8, 2022 | finance.yahoo.comShipping Stocks Dive As Stagflation Fears Hit Market; Zim Triggers This Sell RuleJune 7, 2022 | finance.yahoo.com3 Best Profitable Stocks to Invest in Using Net Income RatioJune 4, 2022 | americanbankingnews.comStar Bulk Carriers (NASDAQ:SBLK) Shares Gap Down to $33.30See More Headlines Industry, Sector and Symbol Stock ExchangeNASDAQ Industry Deep sea foreign transportation of freight Sub-IndustryN/A SectorTransportation Current SymbolNASDAQ:SBLK CUSIPN/A CIK1386716 Webwww.starbulk.com Phone302106178400Fax30 210 61 78 378Employees181Year FoundedN/ACompany Calendar Last Earnings5/24/2022Ex-Dividend for 6/16 Dividend6/02/2022Dividend Payable6/16/2022Today6/28/2022Next Earnings (Estimated)8/04/2022Fiscal Year End12/31/2022Price Target and Rating Average Stock Price Forecast$35.33 High Stock Price Forecast$40.00 Low Stock Price Forecast$30.00 Forecasted Upside/Downside+41.8%Consensus RatingModerate Buy Rating Score (0-4)2.66666666666667 Research Coverage3 Analysts Profitability EPS (Most Recent Fiscal Year)$7.97 Trailing P/E Ratio3.13 Forward P/E Ratio3.49 P/E GrowthN/ANet Income$680.53 million Net Margins51.34% Pretax Margin47.67% Return on Equity42.24% Return on Assets22.77% Debt Debt-to-Equity Ratio0.43 Current Ratio2.13 Quick Ratio1.86 Sales & Book Value Annual Sales$1.43 billion Price / Sales1.79 Cash Flow$8.53 per share Price / Cash Flow2.92 Book Value$20.33 per share Price / Book1.23Miscellaneous Outstanding Shares102,290,000Free FloatN/AMarket Cap$2.55 billion OptionableOptionable Beta0.88 Social Links Star Bulk Carriers Frequently Asked Questions Should I buy or sell Star Bulk Carriers stock right now? 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. What is Star Bulk Carriers' stock price forecast for 2022? 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. How has Star Bulk Carriers' stock price performed in 2022? 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. View the best growth stocks for 2022 here. Are investors shorting Star Bulk Carriers? 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. When is Star Bulk Carriers' next earnings date? 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. How were Star Bulk Carriers' earnings last quarter? 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. 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 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. Is Star Bulk Carriers a good dividend stock? 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. Who are Star Bulk Carriers' key executives? Star Bulk Carriers' management team includes the following people: Mr. Petros Alexandros Pappas, Founder, CEO & Director (Age 69, Pay $9.89k)Mr. Hamish Norton, Pres (Age 63)Mr. Simos Spyrou, Co-Chief Financial Officer (Age 48)Mr. Christos Begleris, Co-Chief Financial Officer (Age 41)Mr. Nicos Rescos, Chief Operating Officer (Age 50)Mr. Zenon Kleopas, Exec. VP of Green Energy & Technology (Age 67)Georgia Mastagaki, Co-Gen. CounselMs. Charis Plakantonaki, Chief Strategy Officer (Age 43)Mr. Constantinos Simantiras, Head of Market Research Who are some of Star Bulk Carriers' key competitors? 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. 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 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%). Which major investors are selling Star Bulk Carriers stock? 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. Which major investors are buying Star Bulk Carriers stock? 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. 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 $24.78. How much money does Star Bulk Carriers make? 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. How many employees does Star Bulk Carriers have? Star Bulk Carriers employs 181 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 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. This page (NASDAQ:SBLK) was last updated on 6/28/2022 by MarketBeat.com Staff 30 Days of MarketBeat All Access for $1.00 Sign up for MarketBeat All Access to gain access to MarketBeat's full suite of research tools: Best-in-Class Portfolio Monitoring View the latest news, buy/sell ratings, SEC filings and insider transactions for your stocks. Compare your portfolio performance to leading indices and get personalized stock ideas based on your portfolio. Stock Ideas and Recommendations Get daily stock ideas from top-performing Wall Street analysts. Get short term trading ideas from the MarketBeat Idea Engine. View which stocks are hot on social media with MarketBeat's trending stocks report. Advanced Stock Screeners and Research Tools Identify stocks that meet your criteria using seven unique stock screeners. See what's happening in the market right now with MarketBeat's real-time news feed. Export data to Excel for your own analysis. Start Your Risk-Free Trial Subscription Here Sign in to your free account to enjoy these benefits In-depth profiles and analysis for 20,000 public companies. Real-time analyst ratings, insider transactions, earnings data, and more. Our daily ratings and market update email newsletter. Sign in to your free account to enjoy all that MarketBeat has to offer. Sign In Create Account Your Email Address: Your Password: or Sign in with Facebook Sign in with Google Forgot your password? Your Email Address: Choose a Password: Create My Account (Free) or Sign in with Facebook Sign in with Google By creating a free account, you agree to our terms of service. This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply. MarketBeat Resources Premium Research Tools MarketBeat All Access subscribers can access stock screeners, the Idea Engine, data export tools, research reports, and other premium tools. Discover All Access Market Data and Calendars Looking for new stock ideas? Want to see which stocks are moving? View our full suite of financial calendars and market data tables, all for free. View Market Data Investing Education and Resources Receive a free world-class investing education from MarketBeat. Learn about financial terms, types of investments, trading strategies and more. Financial Terms Details Here