NASDAQ:SBLKStar 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 29.6% and is now trading at $5.19. View which stocks have been most impacted by Coronavirus.

3 Wall Street 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, 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, August 5th 2020. View our earnings forecast for Star Bulk Carriers.

Star Bulk Carriers Corp. (NASDAQ:SBLK) issued its quarterly earnings results on Tuesday, May, 26th. The shipping company reported ($0.23) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.10) by $0.13. The shipping company had revenue of $160.86 million for the quarter, compared to analyst estimates of $165.18 million. Star Bulk Carriers had a positive return on equity of 1.50% 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. Investors of record on Monday, March 2nd will be paid 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 3.85%. The ex-dividend date of this dividend is Friday, February 28th. View Star Bulk Carriers' dividend history.

3 equities research analysts have issued 1-year target prices for Star Bulk Carriers' stock. Their forecasts range from $9.00 to $10.40. On average, they expect Star Bulk Carriers' stock price to reach $9.80 in the next twelve months. This suggests a possible upside of 88.8% from the stock's current price. View analysts' price targets for Star Bulk Carriers.

Headlines about SBLK stock have trended somewhat positive on Wednesday, according to InfoTrie Sentiment Analysis. The research group scores the sentiment of press coverage by reviewing more than six thousand news and blog sources in real time. The firm ranks coverage of publicly-traded companies on a scale of negative five to positive five, with scores nearest to five being the most favorable. Star Bulk Carriers earned a coverage optimism score of 0.9 on InfoTrie's scale. They also gave media coverage about the shipping company a news buzz of 10.0 out of 10, indicating that recent press coverage is extremely likely to have an effect on the company's share price in the near term. View the latest news aboutStar Bulk Carriers.

Star Bulk Carriers saw a decline in short interest in May. As of May 15th, there was short interest totaling 2,010,000 shares, a decline of 22.7% from the April 30th total of 2,600,000 shares. Based on an average trading volume of 597,600 shares, the days-to-cover ratio is currently 3.4 days. Approximately 2.5% of the shares of the stock are short sold. View Star Bulk Carriers' Current Options Chain.

Some companies that are related to Star Bulk Carriers include Frontline (FRO), Ship Finance International (SFL), Scorpio Tankers (STNG), DHT (DHT), PAC BASIN SHIPP/ADR (PCFBY), Torm (TRMD), COSTAMARE INC/SH (CMRE), Seacor (CKH), DryShips (DRYS), Dorian LPG (LPG), Navigator (NVGS), Teekay (TK), TSAKOS ENERGY N/SH (TNP), Genco Shipping & Trading (GNK) and Overseas Shipholding Group (OSG). View all 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), Scorpio Tankers (STNG), Diana Shipping (DSX), Scorpio Bulkers (SALT), Eagle Bulk Shipping (EGLE), Fossil Group (FOSL), Coca-Cola (KO), AMC Entertainment (AMC) and Golden Ocean Group (GOGL).

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

Star Bulk Carriers' stock is owned by a variety of institutional and retail investors. Top institutional shareholders include Deutsche Bank AG (0.31%), Asio Capital LLC (0.26%), Parametric Portfolio Associates LLC (0.22%), Jeereddi Investments LP (0.19%), Clearbridge Investments LLC (0.15%) and RBF Capital LLC (0.14%).

SBLK stock was sold by a variety of institutional investors in the last quarter, including Morgan Stanley, Phoenix Holdings Ltd., JPMorgan Chase & Co., Deutsche Bank AG, Parametric Portfolio Associates LLC, RBF Capital LLC, Wells Fargo & Company MN, and Jeereddi Investments LP.

SBLK stock was acquired by a variety of institutional investors in the last quarter, including Asio Capital LLC, Invesco Ltd., Squarepoint Ops LLC, Dynamic Technology Lab Private Ltd, Clearbridge Investments LLC, GSA Capital Partners LLP, Keebeck Alpha LP, and Voloridge Investment Management LLC.

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 $5.19.

Star Bulk Carriers has a market capitalization of $498.62 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.

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

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]