NASDAQ:SBLK Star Bulk Carriers Stock Forecast, Price & News Adding Choose a 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. Log In and Add $6.84 0.00 (0.00 %) (As of 09/28/2020 05:42 AM ET) Add Compare Share Today's Range$6.70Now: $6.84▼$7.0350-Day Range$6.45MA: $6.91▼$7.4452-Week Range$3.86Now: $6.84▼$12.09Volume314,000 shsAverage Volume592,867 shsMarket Capitalization$657.15 millionP/E RatioN/ADividend Yield1.46%Beta1.11 ProfileAnalyst RatingsChartCompetitorsDividendEarningsFinancialsInstitutional OwnershipHeadlinesOptions ChainSEC FilingsShort InterestSocial Media Star Bulk Carriers Corp., a shipping company, engages in the ocean transportation of dry bulk cargoes worldwide. Its 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 April 10, 2019, the company had a fleet of 109 vessels with an aggregate capacity of approximately 12.45 million deadweight ton, including 17 Newcastlemax, 19 Capesize, 2 Mini Capesize, 7 Post Panamax, 35 Kamsarmax, 2 Panamax, 17 Ultramax, and 10 Supramax vessels. It also provides vessel management services to dry bulk vessels of various sizes. The company was incorporated in 2006 and is based in Maroussi, Greece.Read More Beat the Market (BTM) Rank™ 3.5 Analyst's Opinion Consensus RatingStar Bulk Carriers has received a consensus rating of Buy. The company's average rating score is 3.00, and is based on 3 buy ratings, no hold ratings, and no sell ratings.Price Target Upside/DownsideAccording to analysts' consensus price target of $9.20, Star Bulk Carriers has a forecasted upside of 34.5% from its current price of $6.84.Amount of Analyst CoverageStar Bulk Carriers has only been the subject of 1 research reports in the past 90 days. Previous Next 2.8 Community Rank Outperform VotesStar Bulk Carriers has received 431 “outperform” votes. (Add your “outperform” vote.)Underperform VotesStar Bulk Carriers has received 351 “underperform” votes. (Add your “underperform” vote.)Community SentimentStar Bulk Carriers has received 55.12% “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 YieldStar Bulk Carriers has a dividend yield of 1.46%, which is in the bottom 25% of all stocks that pay dividends.Dividend GrowthStar Bulk Carriers has only been increasing its dividend for 1 years.Dividend CoverageThe dividend payout ratio of Star Bulk Carriers is 38.46%. This payout ratio is at a healthy, sustainable level, below 75%.Dividend SustainabilityBased on earnings estimates, Star Bulk Carriers will have a dividend payout ratio of 8.70% next year. This indicates that Star Bulk Carriers will be able to sustain or increase its dividend. Previous Next 1.0 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 Institutions55.10% 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 2.5 Earnings and Valuation Earnings GrowthEarnings for Star Bulk Carriers are expected to grow by 618.75% in the coming year, from $0.16 to $1.15 per share.Price to Earnings Ratio vs. the MarketThe P/E ratio of Star Bulk Carriers is -52.61, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.Price to Earnings Ratio vs. SectorThe P/E ratio of Star Bulk Carriers is -52.61, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.Price to Book Value per Share RatioStar Bulk Carriers has a P/B Ratio of 0.43. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities. Previous Next Analyst Opinion: 3.5Community Rank: 2.8Dividend Strength: 1.7Insider Behavior: 1.0Valuation: 2.5 5 -4 -3 -2 -1 -Overall Beat the Market Rank™2.29 out of 5 stars Industry, Sector and Symbol Stock Exchange NASDAQ Industry Deep sea foreign transportation of freight Sub-IndustryN/A SectorTransportation Current SymbolNASDAQ:SBLK Previous Symbol CUSIPN/A CIK1386716 Webwww.starbulk.com Phone011-30-21-0617-8400Debt Debt-to-Equity Ratio0.89 Current Ratio0.86 Quick Ratio0.69Price-To-Earnings Trailing P/E RatioN/A Forward P/E Ratio42.75 P/E GrowthN/A Sales & Book Value Annual Sales$821.36 million Price / Sales0.80 Cash Flow$1.63 per share Price / Cash Flow4.19 Book Value$16.07 per share Price / Book0.43Profitability EPS (Most Recent Fiscal Year)$0.26 Net Income$-16,200,000.00 Net Margins-1.50% Return on Equity0.74% Return on Assets0.35%Miscellaneous Employees169 Outstanding Shares96,074,000Market Cap$657.15 million Next Earnings Date11/18/2020 (Estimated) OptionableOptionable $6.84 0.00 (0.00 %) (As of 09/28/2020 05:42 AM ET) 30 days | 90 days | 365 days | Advanced Chart Receive SBLK News and Ratings via Email Sign-up to receive the latest news and ratings for SBLK and its competitors with MarketBeat's FREE daily newsletter. Star Bulk Carriers (NASDAQ:SBLK) Frequently Asked Questions How has Star Bulk Carriers' stock price been impacted by COVID-19 (Coronavirus)? Star Bulk Carriers' stock was trading at $7.37 on March 11th, 2020 when COVID-19 (Coronavirus) reached pandemic status according to the World Health Organization. Since then, SBLK stock has decreased by 7.2% and is now trading at $6.84. View which stocks have been most impacted by COVID-19. Do Wall Street analysts recommend investors buy shares of Star Bulk Carriers? 3 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Star Bulk Carriers in the last year. There are currently 3 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View analyst ratings for Star Bulk Carriers. When is Star Bulk Carriers' next earnings date? Star Bulk Carriers is scheduled to release its next quarterly earnings announcement on Wednesday, November 18th 2020. 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 results on Wednesday, August, 5th. The shipping company reported ($0.19) EPS for the quarter, topping the Zacks' consensus estimate of ($0.28) by $0.09. The shipping company had revenue of $146.13 million for the quarter, compared to analysts' expectations of $131.42 million. Star Bulk Carriers had a positive return on equity of 0.74% and a negative net margin of 1.50%. 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 announced a quarterly dividend on Wednesday, February 19th. Stockholders 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 annualized dividend and a dividend yield of 2.92%. The ex-dividend date is Friday, February 28th. View Star Bulk Carriers' dividend history. What price target have analysts set for SBLK? 3 analysts have issued twelve-month target prices for Star Bulk Carriers' shares. Their forecasts range from $8.60 to $10.00. On average, they expect Star Bulk Carriers' share price to reach $9.20 in the next year. This suggests a possible upside of 34.5% from the stock's current price. View analysts' price targets for Star Bulk Carriers. Are investors shorting Star Bulk Carriers? Star Bulk Carriers saw a decline in short interest during the month of August. As of August 31st, there was short interest totaling 2,090,000 shares, a decline of 12.9% from the August 15th total of 2,400,000 shares. Based on an average trading volume of 514,500 shares, the days-to-cover ratio is presently 4.1 days. Approximately 2.5% of the shares of the company are short sold. View Star Bulk Carriers' Short Interest. Who are some of Star Bulk Carriers' key competitors? Some companies that are related to Star Bulk Carriers include SEASPAN CORP/SH SH (SSW), Euronav (EURN), Atlas (ATCO), Frontline (FRO), Ship Finance International (SFL), DHT (DHT), PAC BASIN SHIPP/ADR (PCFBY), Scorpio Tankers (STNG), COSTAMARE INC/SH (CMRE), Seacor (CKH), Torm (TRMD), DryShips (DRYS), Navigator (NVGS), Dorian LPG (LPG) and Genco Shipping & Trading (GNK). View all 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). Who are Star Bulk Carriers' key executives? Star Bulk Carriers' management team includes the following people: Mr. Petros Alexandros Pappas, Founder, CEO & Director (Age 66)Mr. Hamish Norton, Pres (Age 60)Mr. Simos Spyrou, Co-Chief Financial Officer (Age 45)Mr. Christos Begleris, Co-Chief Financial Officer (Age 38)Mr. Nicos Rescos, Chief Operating Officer (Age 47) 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 a variety of institutional and retail investors. Top institutional shareholders include Jefferies Group LLC (5.31%), Impala Asset Management LLC (2.46%), Jeereddi Investments LP (0.18%), California Public Employees Retirement System (0.10%), Neuberger Berman Group LLC (0.05%) and Sippican Capital Advisors (0.03%). Which major investors are selling Star Bulk Carriers stock? SBLK stock was sold by a variety of institutional investors in the last quarter, including Impala Asset Management LLC, Neuberger Berman Group LLC, California Public Employees Retirement System, Gilder Gagnon Howe & Co. LLC, Marshall Wace LLP, and Jeereddi Investments LP. Which major investors are buying Star Bulk Carriers stock? SBLK stock was acquired by a variety of institutional investors in the last quarter, including Jefferies Group LLC, Jane Street Group LLC, Quadrature Capital Ltd, Sippican Capital Advisors, and Thompson Siegel & Walmsley LLC. 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 Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab. What is Star Bulk Carriers' stock price today? One share of SBLK stock can currently be purchased for approximately $6.84. How big of a company is Star Bulk Carriers? Star Bulk Carriers has a market capitalization of $657.15 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. What is Star Bulk Carriers' official website? The official website for Star Bulk Carriers is www.starbulk.com. How can I contact Star Bulk Carriers? 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] This page was last updated on 9/28/2020 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 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 Questions? Get Started with MarketBeat — Read Your Daily NewsletterCheck Out My MarketBeatWatch Our Tutorial VideosAdd a Stock to Your WatchlistSet Up an Instant AlertView a Company's Profile PageView Our Financial CalendarsView Today's Analyst Ratings
