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S&P 500   4,280.15
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Sinema took Wall Street money while killing tax on investors
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Expanded IRS free-file system one step closer in Dems' bill
Climate bill: Could coal communities shift to nuclear?
Germans urged to cap heat in offices this winter to save gas
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Former Deutsche Bank Co-CEO Anshu Jain dies
The 7 Types Of People Every Entrepreneur Needs In Their Inner Circle -- And How To Find Them
Germany urged to cap heat in offices this winter to save gas
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S&P 500   4,280.15
DOW   33,761.05
QQQ   330.39
Sinema took Wall Street money while killing tax on investors
How Much Longer Will It Be Under $1? (Ad)pixel
Expanded IRS free-file system one step closer in Dems' bill
Climate bill: Could coal communities shift to nuclear?
Germans urged to cap heat in offices this winter to save gas
How Much Longer Will It Be Under $1? (Ad)pixel
Former Deutsche Bank Co-CEO Anshu Jain dies
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Germany urged to cap heat in offices this winter to save gas
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NASDAQ:SBLK

Star Bulk Carriers - SBLK Stock Forecast, Price & News

$26.68
-0.14 (-0.52%)
(As of 08/12/2022 12:00 AM ET)
Add
Compare
Today's Range
$26.31
▼
$27.33
50-Day Range
$21.12
▼
$32.07
52-Week Range
$17.80
▼
$33.99
Volume
2.24 million shs
Average Volume
1.97 million shs
Market Capitalization
$2.73 billion
P/E Ratio
3.07
Dividend Yield
24.74%
Price Target
$33.00

Star Bulk Carriers MarketRank™ Forecast

Analyst Rating
Moderate Buy
2.67 Rating Score
Upside/​Downside
23.7% Upside
$33.00 Price Target
Short Interest
Bearish
6.21% of Float Sold Short
Dividend Strength
Weak
Based on Four Factors
Sustainability
N/A
News Sentiment
0.62mentions of Star Bulk Carriers in the last 14 days
Based on 6 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
-24.46%
From $6.54 to $4.94 Per Share

Overall MarketRank™

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

1.90 out of 5 stars

Transportation Sector

89th out of 125 stocks

Deep Sea Foreign Transportation Of Freight Industry

24th out of 29 stocks

See Top Rated MarketRank™ Stocks Here
SBLK stock logo

About Star Bulk Carriers (NASDAQ:SBLK) Stock

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.

Star Bulk Carriers Trading Down 0.5 %

SBLK opened at $26.68 on Friday. The business has a fifty day moving average price of $25.44 and a 200 day moving average price of $27.65. The company has a debt-to-equity ratio of 0.45, a current ratio of 2.07 and a quick ratio of 1.86. Star Bulk Carriers has a 12 month low of $17.80 and a 12 month high of $33.99. The stock has a market capitalization of $2.73 billion, a price-to-earnings ratio of 3.07 and a beta of 0.94.

Star Bulk Carriers (NASDAQ:SBLK - Get Rating) last released its earnings results on Thursday, August 4th. The shipping company reported $2.00 earnings per share for the quarter, topping analysts' consensus estimates of $1.75 by $0.25. Star Bulk Carriers had a net margin of 52.61% and a return on equity of 43.53%. During the same quarter last year, the business earned $1.26 EPS. Sell-side analysts expect that Star Bulk Carriers will post 7.15 earnings per share for the current fiscal year.

Star Bulk Carriers Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, September 8th. Stockholders of record on Thursday, August 25th will be given a dividend of $1.65 per share. The ex-dividend date of this dividend is Wednesday, August 24th. This represents a $6.60 annualized dividend and a dividend yield of 24.74%. Star Bulk Carriers's dividend payout ratio (DPR) is currently 75.86%.

Analyst Ratings Changes

A number of brokerages have recently weighed in on SBLK. Jefferies Financial Group assumed coverage on Star Bulk Carriers in a research note on Wednesday, July 20th. They issued a "buy" rating and a $30.00 price objective for the company. Stifel Nicolaus dropped their target price on Star Bulk Carriers from $37.00 to $32.00 in a research report on Tuesday, July 19th. Finally, StockNews.com cut shares of Star Bulk Carriers from a "buy" rating to a "hold" rating in a research report on Wednesday, August 3rd.

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SBLK Stock News Headlines

August 9, 2022 | finance.yahoo.com
Here’s Why Massif Real Assets Strategy Sold its Star Bulk Carriers (SBLK) Stake
August 8, 2022 | seekingalpha.com
Star Bulk Carriers: Brilliant Execution, But Uncertainty Looms
August 8, 2022 | finance.yahoo.com
How Much Upside is Left in Star Bulk Carriers (SBLK)? Wall Street Analysts Think 28%
August 5, 2022 | seekingalpha.com
Star Bulk Carriers Corp.'s (SBLK) CEO Petros Pappas on Q2 2022 Results - Earnings Call Transcript
August 5, 2022 | americanbankingnews.com
StockNews.com Lowers Star Bulk Carriers (NASDAQ:SBLK) to Hold
August 5, 2022 | finance.yahoo.com
Star Bulk Carriers (SBLK) Q2 Earnings and Revenues Beat Estimates
August 2, 2022 | nasdaq.com
Investors Should Be Encouraged By Star Bulk Carriers' (NASDAQ:SBLK) Returns On Capital
August 2, 2022 | americanbankingnews.com
Star Bulk Carriers (SBLK) to Release Quarterly Earnings on Thursday
July 29, 2022 | seekingalpha.com
Star Bulk Carriers: Don't Join This Rally - More Potential Downside Coming
July 27, 2022 | finance.yahoo.com
Star Bulk Announces New Conference Call Dial-In Details for Second Quarter and Half Year Ended June 30, 2022 Results, Conference Call and Webcast
July 25, 2022 | finance.yahoo.com
Here is What to Know Beyond Why Star Bulk Carriers Corp. (SBLK) is a Trending Stock
July 21, 2022 | americanbankingnews.com
Star Bulk Carriers (NASDAQ:SBLK) Now Covered by Analysts at Jefferies Financial Group
July 20, 2022 | nasdaq.com
SBLK Crosses Above Key Moving Average Level
July 12, 2022 | finance.yahoo.com
Is Trending Stock Star Bulk Carriers Corp. (SBLK) a Buy Now?
July 7, 2022 | finance.yahoo.com
Implied Volatility Surging for Star Bulk Carriers (SBLK) Stock Options
July 7, 2022 | finance.yahoo.com
Star Bulk Announces Date for the Release of Second Quarter and Half Year Ended June 30, 2022 Results, Conference Call and Webcast
July 4, 2022 | seekingalpha.com
Star Bulk Carriers: High Rates Despite Decreased Iron Ore Demand
July 1, 2022 | finance.yahoo.com
Is Most-Watched Stock Star Bulk Carriers Corp. (SBLK) Worth Betting on Now?
June 29, 2022 | finance.yahoo.com
10 Supply Chain Stocks to Buy Now According to Billionaire Jim Simons
June 28, 2022 | seekingalpha.com
Star Bulk Carriers: Unprepared For Higher Interest Rates
June 28, 2022 | seekingalpha.com
Star Bulk Carriers: Update On Dry Bulk Markets (Podcast Transcript)
June 24, 2022 | benzinga.com
Star Bulk Carriers Committed to a Capital Allocation Strategy that Supports its Dividend Policy
June 22, 2022 | finance.yahoo.com
Southwest (LUV) Raises Q2 Load Factor View, Sees Solid Bookings
June 21, 2022 | finance.yahoo.com
Best Income Stocks to Buy for June 21st
June 16, 2022 | finance.yahoo.com
Star Bulk Carriers (SBLK) Stock Moves -1.23%: What You Should Know
See More Headlines
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SBLK Company Calendar

Ex-Dividend for 6/16 Dividend
6/02/2022
Dividend Payable
6/16/2022
Last Earnings
8/04/2022
Today
8/14/2022
Ex-Dividend for 9/8 Dividend
8/24/2022
Dividend Payable
9/08/2022
Next Earnings (Estimated)
11/15/2022
Fiscal Year End
12/31/2022
Get Stock Alerts

Industry, Sector and Symbol

Stock Exchange
NASDAQ
Industry
Deep sea foreign transportation of freight
Sub-Industry
N/A
Sector
Transportation
Current Symbol
NASDAQ:SBLK
CUSIP
N/A
CIK
1386716
Web
www.starbulk.com
Phone
302106178400
Fax
30 210 61 78 378
Employees
181
Year Founded
N/A

Price Target and Rating

Average Stock Price Forecast
$33.00
High Stock Price Forecast
$40.00
Low Stock Price Forecast
$30.00
Forecasted Upside/Downside
+23.7%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.67
Research Coverage
3 Analysts

Profitability

EPS (Most Recent Fiscal Year)
$8.70
Trailing P/E Ratio
3.07
Forward P/E Ratio
4.08
P/E Growth
N/A
Net Income
$680.53 million
Net Margins
52.61%
Pretax Margin
47.67%
Return on Equity
43.53%
Return on Assets
24.51%

Debt

Debt-to-Equity Ratio
0.45
Current Ratio
2.07
Quick Ratio
1.86

Sales & Book Value

Annual Sales
$1.43 billion
Price / Sales
1.91
Cash Flow
$8.31 per share
Price / Cash Flow
3.21
Book Value
$20.58 per share
Price / Book
1.30

Miscellaneous

Outstanding Shares
102,290,000
Free Float
N/A
Market Cap
$2.73 billion
Optionable
Optionable
Beta
0.94

Social Links


Key Executives

  • Mr. Petros Alexandros Pappas (Age 69)
    Founder, CEO & Director
    Comp: $9.89k
  • Mr. Hamish Norton (Age 63)
    Pres
  • Mr. Simos Spyrou (Age 48)
    Co-Chief Financial Officer
  • Mr. Christos Begleris (Age 41)
    Co-Chief Financial Officer
  • Mr. Nicos Rescos (Age 50)
    Chief Operating Officer
  • Mr. Zenon Kleopas (Age 67)
    Exec. VP of Green Energy & Technology
  • Georgia Mastagaki
    Co-Gen. Counsel
  • Ms. Charis Plakantonaki (Age 43)
    Chief Strategy Officer
  • Mr. Constantinos Simantiras
    Head of Market Research

Key Competitors

View All Competitors

Insiders & Institutions

View All Insider Transactions
View All Institutional Transactions













SBLK Stock - 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 twelve months. There are currently 1 hold rating and 2 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "buy" SBLK shares.
View SBLK analyst ratings or view top-rated stocks.

What is Star Bulk Carriers' stock price forecast for 2022?

3 brokers have issued twelve-month price objectives for Star Bulk Carriers' stock. Their SBLK share price forecasts range from $30.00 to $40.00. On average, they expect the company's stock price to reach $33.00 in the next twelve months. This suggests a possible upside of 23.7% from the stock's current price.
View analysts price targets for SBLK or view top-rated stocks among Wall Street analysts.

How have SBLK shares performed in 2022?

Star Bulk Carriers' stock was trading at $22.67 at the beginning of 2022. Since then, SBLK stock has increased by 17.7% and is now trading at $26.68.
View the best growth stocks for 2022 here.

When is Star Bulk Carriers' next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Tuesday, November 15th 2022.
View our SBLK earnings forecast.

How were Star Bulk Carriers' earnings last quarter?

Star Bulk Carriers Corp. (NASDAQ:SBLK) posted its quarterly earnings results on Thursday, August, 4th. The shipping company reported $2.00 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.75 by $0.25. Star Bulk Carriers had a trailing twelve-month return on equity of 43.53% and a net margin of 52.61%. During the same quarter last year, the company posted $1.26 earnings per share.

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 Thursday, August 4th. Investors of record on Thursday, August 25th will be given a dividend of $1.65 per share on Thursday, September 8th. This represents a $6.60 dividend on an annualized basis and a dividend yield of 24.74%. The ex-dividend date is Wednesday, August 24th.
Read our dividend analysis for SBLK.

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 24.61%. SBLK has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The company does not yet have a strong track record of dividend growth. The dividend payout ratio is 75.86%. Payout ratios above 75% are not desirable because they may not be sustainable. Based on EPS estimates, SBLK will have a dividend payout ratio of 119.35% in the coming year. This indicates that the company may not be able to sustain their current dividend.
Read our dividend analysis for SBLK.

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 (0.92%), Wells Fargo & Company MN (0.84%), FMR LLC (0.61%), Gratus Capital LLC (0.57%), CHURCHILL MANAGEMENT Corp (0.48%) and Gilman Hill Asset Management LLC (0.38%).

How do I buy shares of Star Bulk Carriers?

Shares of SBLK stock 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 $26.68.

How much money does Star Bulk Carriers make?

Star Bulk Carriers (NASDAQ:SBLK) has a market capitalization of $2.73 billion and generates $1.43 billion in revenue each year. The shipping company earns $680.53 million in net income (profit) each year or $8.70 on an earnings per share basis.

How many employees does Star Bulk Carriers have?

The company 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 the company is www.starbulk.com. The shipping company can be reached via phone at 302106178400, via email at starbulk@capitallink.com, or via fax at 30 210 61 78 378.

This page (NASDAQ:SBLK) was last updated on 8/14/2022 by MarketBeat.com Staff

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