NASDAQ:SBLK

Star Bulk Carriers - SBLK Stock Forecast, Price & News

$18.76

+0.15 (+0.81%)

(As of 12/2/2022 12:00 AM ET)

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Today's Range: $18.21
▼
$18.81
50-Day Range: $17.17
▼
$21.50
52-Week Range: $16.85
▼
$33.99

Volume: 1.19 million shs
Average Volume: 2.54 million shs
Market Capitalization: $1.92 billion

P/E Ratio: 2.46
Dividend Yield: 25.79%
Price Target: $32.20

Star Bulk Carriers MarketRank™ Forecast

Analyst Rating: Buy
3.00 Rating Score
Upside/Downside: 71.6% Upside
$32.20 Price Target
Short Interest: Bearish
10.11% of Float Sold Short
Dividend Strength: Moderate
Based on Four Factors
Sustainability: N/A
News Sentiment: 0.34
Based on 7 Articles This Week
Insider Trading: N/A
Proj. Earnings Growth: -35.53%
From $6.08 to $3.92 Per Share

Overall MarketRank^™

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

2.51 out of 5 stars

Transportation Sector

27th out of 124 stocks

Deep Sea Foreign Transportation Of Freight Industry

13th out of 29 stocks

3.5

Analyst's Opinion

Consensus Rating
Star Bulk Carriers has received a consensus rating of Buy. The company's average rating score is 3.00, and is based on 2 buy ratings, no hold ratings, and no sell ratings.
Price Target Upside/Downside
According to analysts' consensus price target of $32.20, Star Bulk Carriers has a forecasted upside of 71.6% from its current price of $18.76.
Amount of Analyst Coverage
Star Bulk Carriers has only been the subject of 2 research reports in the past 90 days.

2.0

Short Interest

Percentage of Shares Shorted
10.11% of the float of Star Bulk Carriers has been sold short.
Short Interest Ratio / Days to Cover
Star Bulk Carriers has a short interest ratio ("days to cover") of 3.9, which is generally considered an acceptable ratio of short interest to trading volume.
Change versus previous month
Short interest in Star Bulk Carriers has recently increased by 2.85%, indicating that investor sentiment is decreasing.

2.5

Dividend Strength

Dividend Leadership
Star Bulk Carriers is a leading dividend payer. It pays a dividend yield of 25.79%, putting its dividend yield in the top 25% of dividend-paying stocks.
Dividend Growth
Star Bulk Carriers does not have a long track record of dividend growth.
Dividend Coverage
The dividend payout ratio of Star Bulk Carriers is 62.99%. This payout ratio is at a healthy, sustainable level, below 75%.
Dividend Sustainability
Based on EPS estimates, Star Bulk Carriers will have a dividend payout ratio of 122.45% in the coming year. This indicates that Star Bulk Carriers may not be able to sustain their current dividend.

N/A

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
There is no current Upright™ data available for SBLK.

3.0

News and Social Media Coverage

News Sentiment
Star Bulk Carriers has a news sentiment score of 0.34. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This news sentiment score is similar to the average news sentiment of Transportation companies.
News Coverage This Week
MarketBeat has tracked 7 news articles for Star Bulk Carriers this week, compared to 3 articles on an average week.
Social Mentions This Week
MarketBeat has tracked 2 reddit mentions for Star Bulk Carriers this week, compared to 0 mentions on an average week.
Search Interest
190 people have searched for SBLK on MarketBeat in the last 30 days. This is an increase of 64% compared to the previous 30 days.
MarketBeat Follows
80 people have added Star Bulk Carriers to their MarketBeat watchlist in the last 30 days. This is an increase of 95% compared to the previous 30 days.

0.8

Company Ownership

Insider Buying vs. Insider Selling
In the past three months, Star Bulk Carriers insiders have not sold or bought any company stock.
Percentage Held by Insiders
Only 0.90% of the stock of Star Bulk Carriers is held by insiders.
Percentage Held by Institutions
52.67% 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.

1.9

Earnings and Valuation

Earnings Growth
Earnings for Star Bulk Carriers are expected to decrease by -35.53% in the coming year, from $6.08 to $3.92 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of Star Bulk Carriers is 2.46, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 131.68.
Price to Earnings Ratio vs. Sector
The P/E ratio of Star Bulk Carriers is 2.46, which means that it is trading at a less expensive P/E ratio than the Transportation sector average P/E ratio of about 26.00.
Price to Book Value per Share Ratio
Star Bulk Carriers has a P/B Ratio of 0.92. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities.

See Top Rated MarketRank™ Stocks Here

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.

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SBLK Stock News Headlines

December 2, 2022 | marketbeat.com

Can ZIM Defy Broad Downturn In The Container Shipping Industry? (SBLK)

ZIM Integrated Shipping Services is an example of what’s befallen its industry. The stock is down 33.58% in the past three months and 17.48% year-to-date.

November 17, 2022 | marketbeat.com

Bulk Shippers See Earnings & Revenue Decline Amid Global Slowdown (SBLK)

ZIM Integrated Shipping Services soared Wednesday after better-than-expected Q3 results. Meanwhile, Star Bulk Carriers traded lower after hours.

December 1, 2022 | americanbankingnews.com

Star Bulk Carriers (NASDAQ:SBLK) Shares Gap Down to $20.57

November 30, 2022 | finance.yahoo.com

Are Options Traders Betting on a Big Move in Star Bulk Carriers (SBLK) Stock?

November 30, 2022 | seekingalpha.com

Star Bulk Carriers: Sailing Away Without The Bears

November 30, 2022 | msn.com

A Hedge Fund That Saw Returns Of Over 20% Is Holding On To These 2 Marine Shipping Stocks With Soaring Yields

November 29, 2022 | finance.yahoo.com

7 Best Shipping Stocks to Buy

November 27, 2022 | americanbankingnews.com

Star Bulk Carriers Corp. (SBLK) To Go Ex-Dividend on November 29th

November 25, 2022 | msn.com

What Does Star Bulk Carriers Debt Look Like?

November 22, 2022 | seekingalpha.com

Star Bulk Carriers: 4 Reasons Why We Bought It

November 20, 2022 | seekingalpha.com

Star Bulk Carriers: Softening Shipping Rates Evident In Q3 Earnings

November 19, 2022 | seekingalpha.com

Star Bulk Carriers: Still A Stellar Dividend Ship Through 2024

November 18, 2022 | seekingalpha.com

Star Bulk Carriers Corp. (SBLK) Q3 2022 Earnings Call Transcript

November 16, 2022 | finance.yahoo.com

Star Bulk Carriers Corp. Reports Net Profit of $109.7 Million for the Third Quarter of 2022 and Declares Quarterly Dividend of $1.20 Per Share

November 15, 2022 | finance.yahoo.com

Are Shipping Stocks Sailing into View?

November 11, 2022 | msn.com

Star Bulk (SBLK) to Report Q3 Earnings:What's in Store?

November 9, 2022 | finance.yahoo.com

Earnings Preview: Star Bulk Carriers (SBLK) Q3 Earnings Expected to Decline

November 7, 2022 | finance.yahoo.com

Star Bulk Carriers Corp. Announces its 2021 Environmental, Social and Governance (ESG) Report

October 19, 2022 | finance.yahoo.com

Star Bulk Carriers (NASDAQ:SBLK) shareholder returns have been strong, earning 164% in 5 years

October 19, 2022 | finance.yahoo.com

Star Bulk Announces Date for the Release of Third Quarter and Nine Months Ended September 30, 2022 Results, Conference Call and Webcast

October 13, 2022 | finance.yahoo.com

Star Bulk Carriers (SBLK) Gains But Lags Market: What You Should Know

October 12, 2022 | seekingalpha.com

Star Bulk Carriers: The Stock Is Not A Buy Anymore

October 11, 2022 | seekingalpha.com

Star Bulk Carriers: The Market's Panic Will Give Us A $15 Gift

October 10, 2022 | seekingalpha.com

Star Bulk Carriers For Dividends Despite Rate Volatility

October 10, 2022 | nasdaq.com

Star Bulk Carriers Corp.'s (NASDAQ:SBLK) high institutional ownership speaks for itself as stock continues to impress, up 14% over last week

See More Headlines

30 days | 90 days | 365 days | Advanced Chart

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SBLK Company Calendar

Last Earnings: 11/16/2021
Ex-Dividend for 9/8 Dividend: 8/24/2022
Dividend Payable: 9/08/2022
Ex-Dividend for 12/12 Dividend: 11/29/2022
Today: 12/03/2022
Dividend Payable: 12/12/2022
Fiscal Year End: 12/31/2022
Next Earnings (Estimated): 2/15/2023

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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: $32.20
High Stock Price Forecast: $40.00
Low Stock Price Forecast: $26.00
Forecasted Upside/Downside: +71.6%
Consensus Rating: Buy
Rating Score (0-4): 3.00
Research Coverage: 2 Analysts

Profitability

EPS (Most Recent Fiscal Year): $7.62
Trailing P/E Ratio: 2.46
Forward P/E Ratio: 3.09
P/E Growth: N/A
Net Income: $680.53 million
Net Margins: 47.52%
Pretax Margin: N/A
Return on Equity: 39.28%
Return on Assets: 22.12%

Debt

Debt-to-Equity Ratio: 0.45
Current Ratio: 2.07
Quick Ratio: 1.75

Sales & Book Value

Annual Sales: $1.43 billion
Price / Sales: 1.34
Cash Flow: $8.12 per share
Price / Cash Flow: 2.31
Book Value: $20.33 per share
Price / Book: 0.92

Miscellaneous

Outstanding Shares: 102,295,000
Free Float: 101,374,000
Market Cap: $1.92 billion
Optionable: Optionable
Beta: 1.03

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?: 2 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Star Bulk Carriers in the last year. There are currently 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 2023?: 2 equities research analysts have issued 1-year target prices for Star Bulk Carriers' shares. Their SBLK share price forecasts range from $26.00 to $40.00. On average, they expect the company's share price to reach $32.20 in the next twelve months. This suggests a possible upside of 71.6% 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 start of the year. Since then, SBLK stock has decreased by 17.2% and is now trading at $18.76.
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 Wednesday, February 15th 2023.
View our SBLK earnings forecast.
How were Star Bulk Carriers' earnings last quarter?: Star Bulk Carriers Corp. (NASDAQ:SBLK) posted its earnings results on Tuesday, November, 16th. The shipping company reported $2.19 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $2.16 by $0.03. The shipping company had revenue of $415.69 million for the quarter, compared to analyst estimates of $406.04 million. Star Bulk Carriers had a net margin of 47.52% and a trailing twelve-month return on equity of 39.28%. During the same quarter last year, the company earned $0.28 EPS.
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, November 16th. Stockholders of record on Wednesday, November 30th will be given a dividend of $1.20 per share on Monday, December 12th. This represents a $4.80 annualized dividend and a yield of 25.59%. The ex-dividend date is Tuesday, November 29th.
Read our dividend analysis for SBLK.

Is Star Bulk Carriers a good dividend stock?: Star Bulk Carriers (NASDAQ:SBLK) pays an annual dividend of $4.80 per share and currently has a dividend yield of 25.79%. SBLK has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The dividend payout ratio is 62.99%. This payout ratio is at a healthy, sustainable level, below 75%. Based on EPS estimates, SBLK will have a dividend payout ratio of 122.45% 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 retail and institutional investors. Top institutional investors include Alliancebernstein L.P. (6.40%), Jane Street Group LLC (0.00%), Citadel Advisors LLC (0.00%), Renaissance Technologies LLC (0.90%), BlackRock Inc. (0.69%) and Gratus Capital LLC (0.64%).
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 $18.76.
How much money does Star Bulk Carriers make?: Star Bulk Carriers (NASDAQ:SBLK) has a market capitalization of $1.92 billion and generates $1.43 billion in revenue each year. The shipping company earns $680.53 million in net income (profit) each year or $7.62 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 12/3/2022 by MarketBeat.com Staff

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