NASDAQ:SBLK

Star Bulk Carriers - SBLK Stock Forecast, Price & News

$25.85

-0.05 (-0.19%)

(As of 08/17/2022 12:00 AM ET)

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Today's Range: $25.39
▼
$25.89
50-Day Range: $21.12
▼
$28.30
52-Week Range: $17.80
▼
$33.99

Volume: 2.64 million shs
Average Volume: 2.68 million shs
Market Capitalization: $2.64 billion

P/E Ratio: 2.97
Dividend Yield: 25.48%
Price Target: $33.00

Star Bulk Carriers MarketRank™ Forecast

Analyst Rating: Moderate Buy
2.67 Rating Score
Upside/Downside: 27.7% 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: 0.89
Based on 3 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.

2.31 out of 5 stars

Transportation Sector

59th out of 125 stocks

Deep Sea Foreign Transportation Of Freight Industry

17th out of 28 stocks

3.3

Analyst's Opinion

Consensus Rating
Star Bulk Carriers has received a consensus rating of Buy. The company's average rating score is 2.67, and is based on 2 buy ratings, 1 hold rating, and no sell ratings.
Price Target Upside/Downside
According to analysts' consensus price target of $33.00, Star Bulk Carriers has a forecasted upside of 27.7% from its current price of $25.85.
Amount of Analyst Coverage
Star Bulk Carriers has only been the subject of 1 research reports in the past 90 days.

2.0

Short Interest

Percentage of Shares Shorted
6.21% 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 1.9, 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 31.52%, indicating that investor sentiment is decreasing significantly.

1.7

Dividend Strength

Dividend Leadership
Star Bulk Carriers is a leading dividend payer. It pays a dividend yield of 25.48%, putting its dividend yield in the top 25% of dividend-paying stocks.
Dividend Growth
Star Bulk Carriers has only been increasing its dividend for 1 years.
Dividend Coverage
The dividend payout ratio of Star Bulk Carriers is 75.86%. Payout ratios above 75% are not desirable because they may not be sustainable.
Dividend Sustainability
Based on EPS estimates, Star Bulk Carriers will have a dividend payout ratio of 133.60% 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.

3.8

News and Social Media Coverage

News Sentiment
Star Bulk Carriers has a news sentiment score of 0.89. 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 is a higher news sentiment than the 0.59 average news sentiment score of Transportation companies.
News Coverage This Week
MarketBeat has tracked 3 news articles for Star Bulk Carriers this week, compared to 2 articles on an average week.
Search Interest
167 people have searched for SBLK on MarketBeat in the last 30 days. This is an increase of 52% compared to the previous 30 days.
MarketBeat Follows
88 people have added Star Bulk Carriers to their MarketBeat watchlist in the last 30 days. This is an increase of 105% 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 Institutions
49.81% 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.

1.3

Earnings and Valuation

Earnings Growth
Earnings for Star Bulk Carriers are expected to decrease by -24.46% in the coming year, from $6.54 to $4.94 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of Star Bulk Carriers is 2.97, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 129.13.
Price to Earnings Ratio vs. Sector
The P/E ratio of Star Bulk Carriers is 2.97, which means that it is trading at a less expensive P/E ratio than the Transportation sector average P/E ratio of about 16.49.
Price to Book Value per Share Ratio
Star Bulk Carriers has a P/B Ratio of 1.26. P/B Ratios below 3 indicates that a company is reasonably valued 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.

Star Bulk Carriers Stock Down 0.2 %

SBLK traded down $0.05 on Wednesday, reaching $25.85. The company's stock had a trading volume of 2,643,203 shares, compared to its average volume of 2,678,267. The company has a market capitalization of $2.64 billion, a price-to-earnings ratio of 2.94 and a beta of 0.94. Star Bulk Carriers has a fifty-two week low of $17.80 and a fifty-two week high of $33.99. The company has a quick ratio of 1.75, a current ratio of 2.07 and a debt-to-equity ratio of 0.45. The stock has a 50 day moving average of $25.20 and a two-hundred day moving average of $27.76.

Star Bulk Carriers (NASDAQ:SBLK - Get Rating) last issued its earnings results on Thursday, August 4th. The shipping company reported $2.00 earnings per share (EPS) for the quarter, beating the consensus estimate 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 period in the previous year, the business posted $1.26 earnings per share. As a group, analysts forecast that Star Bulk Carriers will post 6.54 EPS for the current fiscal year.

Star Bulk Carriers Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, September 8th. Stockholders of record on Thursday, August 25th will be issued a $1.65 dividend. This represents a $6.60 annualized dividend and a dividend yield of 25.53%. The ex-dividend date of this dividend is Wednesday, August 24th. Star Bulk Carriers's payout ratio is currently 75.86%.

Analyst Ratings Changes

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

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SBLK Stock News Headlines

August 16, 2022 | finance.yahoo.com

Star Bulk Carriers Corp. (NASDAQ:SBLK) Stock Has Shown Weakness Lately But Financials Look Strong: Should Prospective Shareholders Make The Leap?

August 9, 2022 | finance.yahoo.com

Here’s Why Massif Real Assets Strategy Sold its Star Bulk Carriers (SBLK) Stake

August 18, 2022 | Oxford Club (Ad)

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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 18, 2022 | Investing Daily (Ad)

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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 20, 2022 | nasdaq.com

SBLK Crosses Above Key Moving Average Level

July 12, 2022 | finance.yahoo.com

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

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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: 8/17/2022
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

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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: $33.00
High Stock Price Forecast: $40.00
Low Stock Price Forecast: $30.00
Forecasted Upside/Downside: +27.7%
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: 2.97
Forward P/E Ratio: 3.95
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: 1.75

Sales & Book Value

Annual Sales: $1.43 billion
Price / Sales: 1.85
Cash Flow: $8.31 per share
Price / Cash Flow: 3.11
Book Value: $20.58 per share
Price / Book: 1.26

Miscellaneous

Outstanding Shares: 102,295,000
Free Float: N/A
Market Cap: $2.64 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 year. 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 Wall Street analysts have issued 12-month target prices for Star Bulk Carriers' stock. Their SBLK share price forecasts range from $30.00 to $40.00. On average, they predict the company's share price to reach $33.00 in the next year. This suggests a possible upside of 27.7% 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 14.0% and is now trading at $25.85.
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) issued its quarterly earnings data on Thursday, August, 4th. The shipping company reported $2.00 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.75 by $0.25. Star Bulk Carriers had a net margin of 52.61% and a trailing twelve-month return on equity of 43.53%. During the same quarter in the previous year, the company earned $1.26 EPS.
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. Shareholders 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 yield of 25.53%. 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 25.48%. 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 133.60% 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 a number of institutional and retail investors. Top institutional shareholders 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 $25.85.
How much money does Star Bulk Carriers make?: Star Bulk Carriers (NASDAQ:SBLK) has a market capitalization of $2.64 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 8/18/2022 by MarketBeat.com Staff

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Star Bulk Carriers - SBLK Stock Forecast, Price & News

Star Bulk Carriers MarketRank™ Forecast

Overall MarketRank™

Analyst's Opinion

Short Interest

Percentage of Shares Shorted

Short Interest Ratio / Days to Cover

Change versus previous month