NASDAQ:SBLKStar Bulk Carriers Stock Price, Forecast & News

Star Bulk Carriers' stock was trading at $7.37 on March 11th, 2020 when COVID-19 reached pandemic status according to the World Health Organization. Since then, SBLK stock has decreased by 30.9% and is now trading at $5.09. 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 earnings results on Tuesday, May, 26th. The shipping company reported ($0.23) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.10) by $0.13. The shipping company had revenue of $160.86 million for the quarter, compared to the consensus estimate of $165.18 million. Star Bulk Carriers had a positive return on equity of 0.60% and a negative net margin of 0.99%. View Star Bulk Carriers' earnings history.

Star Bulk Carriers announced a quarterly dividend on Wednesday, February 19th. Stockholders 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 annualized dividend and a dividend yield of 3.93%. The ex-dividend date is Friday, February 28th. View Star Bulk Carriers' dividend history.

3 brokers have issued 12-month price targets for Star Bulk Carriers' shares. Their forecasts range from $9.00 to $10.40. On average, they expect Star Bulk Carriers' share price to reach $9.80 in the next year. This suggests a possible upside of 92.5% from the stock's current price. View analysts' price targets for Star Bulk Carriers.

News articles about SBLK stock have been trending very negative recently, according to InfoTrie Sentiment Analysis. The research group rates the sentiment of press coverage by reviewing more than six thousand news and blog sources in real-time. The firm ranks coverage of companies on a scale of negative five to positive five, with scores nearest to five being the most favorable. Star Bulk Carriers earned a daily sentiment score of -3.0 on InfoTrie's scale. They also gave news headlines about the shipping company a news buzz of 0.0 out of 10, meaning that recent press coverage is extremely unlikely to have an impact 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 presently 3.4 days. Currently, 2.5% of the shares of the company 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), Torm (TRMD), COSTAMARE INC/SH (CMRE), Seacor (CKH), PAC BASIN SHIPP/ADR (PCFBY), DryShips (DRYS), Dorian LPG (LPG), Navigator (NVGS), Teekay (TK), TSAKOS ENERGY N/SH (TNP), Genco Shipping & Trading (GNK) and Ardmore Shipping (ASC). 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 many different retail and institutional 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 purchased 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 $5.09.

Star Bulk Carriers has a market capitalization of $489.00 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]