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DOW   32,920.46
QQQ   303.59
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S&P 500   3,852.36
DOW   32,920.46
QQQ   303.59
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Top-Rated Dividend Stocks  
NASDAQ:SBLK

Star Bulk Carriers - SBLK Stock Forecast, Price & News

$22.32
+0.14 (+0.63%)
(As of 02/6/2023 12:00 AM ET)
Add
Compare
Today's Range
$22.01
▼
$22.43
50-Day Range
$18.37
▼
$23.39
52-Week Range
$16.85
▼
$33.99
Volume
832,096 shs
Average Volume
1.53 million shs
Market Capitalization
$2.28 billion
P/E Ratio
2.93
Dividend Yield
21.64%
Price Target
$32.20

Star Bulk Carriers MarketRank™ Forecast

Analyst Rating
Buy
3.00 Rating Score
Upside/​Downside
44.3% Upside
$32.20 Price Target
Short Interest
Bearish
7.47% of Float Sold Short
Dividend Strength
Moderate
Based on Four Factors
Sustainability
N/A
News Sentiment
0.41mentions of Star Bulk Carriers in the last 14 days
Based on 6 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
-40.07%
From $5.64 to $3.38 Per Share

Overall MarketRank™

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

2.37 out of 5 stars

Transportation Sector

35th out of 120 stocks

Deep Sea Foreign Transportation Of Freight Industry

12th out of 29 stocks

See Top Rated MarketRank™ Stocks Here
SBLK stock logo

About Star Bulk Carriers (NASDAQ:SBLK) Stock

Star Bulk Carriers Corp. is one of the world's largest bulk goods shippers. The company is ranked 4th by the number of ships but 2nd by deadweight tonnage, which stands at over 14 million. Bulk carriers transport unpackaged goods, such as commodities and raw materials, which are classified into two categories; major bulk and minor bulk.

Star Bulk Carriers Corp. was incorporated in 2006 in the Marshall Islands but maintains operational headquarters in Marousi, Greece. The company’s primary business is the oceanic transportation of dry bulk cargoes globally, although it does offer other services including vessel management. The company’s goal is to be a high-quality, sustainable and efficient operator that can produce long-term growth for investors. Growth will come via expansion and acquisitions as they present themselves.

Star Bulk Carriers Corp is a diversified dry bulk shipper as well. The fleet comprises 128 vessels ranging from the Supramax to Newcastlemax class, the largest shipping vessel in service. The bulk of the vessels are Kamsarmax class (there are 41 as of December 2022), while the remainder is mostly Newcastlemax, Capesize, Ultramax and Supramax. The size and scope of the fleet allow it to operate in all shipping markets where and as needed.

The company transports a wide range of major and minor bulks. Major bulks include iron, grains, sand and gravel, while the minor bulks include fertilizer, steel and cement.  The company’s fleet has an average age of 10 years (in 2022) which is young for a large shipping fleet. It transports more than 60 million tonnes of goods annually and is systemically important to the global supply chain. The charter schedule is set up in a way that allows maximum flexibility. Some vessels are reserved for longer-term charters that guarantee steady revenue while the rest are reserved for shorter-term and opportunistic charters.

Star Bulk Carriers Corp manages the bulk of its fleet through two subsidiaries, Star Bulk SA and Star Bulk Cyprus. This strategy allows the company to manage its fleet efficiently, including taking advantage of synergies and the benefits of scale. The company uses technology to its advantage. It invests in the latest ship technology and the tools to manage and maintain its fleet and maximize operational efficiency.

The company aims to maintain a healthy balance sheet through the ups and downs of the shipping cycle and only carries moderate amounts of debt. The company initiated a dividend policy in 2021 that allows it to pay dividends 4 times per year. The policy states “the Board may declare a dividend in each of February, May, August and November in an amount equal to (a) Star Bulk’s Total Cash Balance minus (b) the product of (i) the Minimum Cash Balance per Vessel and (ii) the Number of Vessels.” The company’s revenue approached $6 billion annually in 2022.

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SBLK Stock News Headlines

February 6, 2023 | finance.yahoo.com
Why Star Bulk Carriers Corp. (NASDAQ:SBLK) Could Be Worth Watching
February 3, 2023 | americanbankingnews.com
Investors Buy Large Volume of Put Options on Star Bulk Carriers (NASDAQ:SBLK)
February 7, 2023 | Wall Street Watch Dogs (Ad)
A gold storm is coming…
“We are in the early stages of a mania – the calm before the storm.”...
February 1, 2023 | msn.com
Here's How Much $1000 Invested In Star Bulk Carriers 5 Years Ago Would Be Worth Today
January 31, 2023 | finance.yahoo.com
Star Bulk Announces Date for the Release of Fourth Quarter and Twelve Months Ended December 31, 2022 Results, Conference Call and Webcast
January 18, 2023 | markets.businessinsider.com
Stifel Nicolaus Keeps Their Buy Rating on Star Bulk Carriers (SBLK)
January 17, 2023 | finance.yahoo.com
Star Bulk Carriers – Highlights from the Capital Link Presentation Series
January 13, 2023 | markets.businessinsider.com
Star Bulk Carriers (SBLK) was downgraded to a Hold Rating at Drewry Financial
February 7, 2023 | Investing Trends (Ad)
Solar Industry at Start of Long Bull Run?
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January 11, 2023 | seekingalpha.com
Star Bulk Carriers: China Is A Game Changer
January 10, 2023 | seekingalpha.com
Star Bulk Carriers Corp. (SBLK) Capital Link Company Presentation Series
January 9, 2023 | finance.yahoo.com
Star Bulk Carriers (NASDAQ:SBLK) Is Achieving High Returns On Its Capital
December 30, 2022 | incomeinvestors.com
Star Bulk Carriers Stock: Shares of 33.3%-Yielder Up 20% Year-Over-Year
December 22, 2022 | finance.yahoo.com
Star Bulk Carriers Stock Scores Relative Strength Rating Upgrade; Hits Key Threshold
December 17, 2022 | seekingalpha.com
Golden Ocean Group And Star Bulk Carriers: 2 Solid Bets On China Reopening
December 7, 2022 | finance.yahoo.com
Wall Street Analysts Think Star Bulk Carriers (SBLK) Is a Good Investment: Is It?
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 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?
See More Headlines
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SBLK Company Calendar

Last Earnings
11/16/2022
Ex-Dividend for 12/12 Dividend
11/29/2022
Dividend Payable
12/12/2022
Today
2/07/2023
Next Earnings (Confirmed)
2/16/2023
Fiscal Year End
12/31/2023
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
$32.20
High Stock Price Forecast
$40.00
Low Stock Price Forecast
$26.00
Forecasted Upside/Downside
+44.3%
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
2.93
Forward P/E Ratio
3.96
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
1.60
Cash Flow
$8.36 per share
Price / Cash Flow
2.67
Book Value
$20.33 per share
Price / Book
1.10

Miscellaneous

Outstanding Shares
102,290,000
Free Float
N/A
Market Cap
$2.28 billion
Optionable
Optionable
Beta
1.07

Social Links


Key Executives

  • Petros Alexandros Pappas
    Chief Executive Officer & Director
  • Hamish Norton
    President
  • Nicos Rescos
    Chief Operating Officer
  • Simos Georgios Spyrou
    Co-Chief Financial Officer
  • Christos Begleris
    Co-Chief Financial Officer

Key Competitors

View All Competitors

Insiders & Institutions

View All Institutional Transactions













SBLK Stock - Frequently Asked Questions

Should I buy or sell Star Bulk Carriers stock right now?

2 Wall Street equities 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 equities 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 brokerages have issued 1 year price objectives for Star Bulk Carriers' stock. Their SBLK share price forecasts range from $26.00 to $40.00. On average, they predict the company's share price to reach $32.20 in the next year. This suggests a possible upside of 44.3% 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 2023?

Star Bulk Carriers' stock was trading at $19.23 on January 1st, 2023. Since then, SBLK shares have increased by 16.1% and is now trading at $22.32.
View the best growth stocks for 2023 here.

When is Star Bulk Carriers' next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Thursday, February 16th 2023.
View our SBLK earnings forecast.

How can I listen to Star Bulk Carriers' earnings call?

Star Bulk Carriers will be holding an earnings conference call on Friday, February 17th at 11:00 AM Eastern. Interested parties can register for or listen to the call using this link.

How were Star Bulk Carriers' earnings last quarter?

Star Bulk Carriers Corp. (NASDAQ:SBLK) posted its quarterly earnings data on Wednesday, November, 16th. The shipping company reported $1.33 earnings per share for the quarter, missing analysts' consensus estimates of $1.42 by $0.09. The shipping company had revenue of $364.14 million for the quarter, compared to analyst estimates of $339.48 million. Star Bulk Carriers had a net margin of 47.52% and a trailing twelve-month return on equity of 39.28%.

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. Shareholders 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 dividend on an annualized basis and a dividend yield of 21.51%. 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 21.64%. 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 142.01% 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 shareholders include Gratus Capital LLC (0.68%), Gilman Hill Asset Management LLC (0.40%), CHURCHILL MANAGEMENT Corp (0.19%), Janney Montgomery Scott LLC (0.14%), Artemis Investment Management LLP (0.08%) and Paradiem LLC (0.05%).

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 $22.32.

How much money does Star Bulk Carriers make?

Star Bulk Carriers (NASDAQ:SBLK) has a market capitalization of $2.28 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 2/7/2023 by MarketBeat.com Staff