NASDAQ:SBLK

Star Bulk Carriers - SBLK Stock Forecast, Price & News

$19.06

-0.73 (-3.69%)

(As of 09/23/2022 12:00 AM ET)

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Today's Range: $18.50
▼
$19.23
50-Day Range: $18.81
▼
$27.00
52-Week Range: $17.80
▼
$33.99

Volume: 2.55 million shs
Average Volume: 2.70 million shs
Market Capitalization: $1.95 billion

P/E Ratio: 2.19
Dividend Yield: 33.35%
Price Target: $33.00

Star Bulk Carriers MarketRank™ Forecast

Analyst Rating: Buy
3.00 Rating Score
Upside/Downside: 73.1% Upside
$33.00 Price Target
Short Interest: Bearish
9.22% of Float Sold Short
Dividend Strength: Weak
Based on Four Factors
Sustainability: N/A
News Sentiment: 0.70
Based on 8 Articles This Week
Insider Trading: N/A
Proj. Earnings Growth: -24.38%
From $6.48 to $4.90 Per Share

Overall MarketRank^™

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

2.44 out of 5 stars

Transportation Sector

46th out of 125 stocks

Deep Sea Foreign Transportation Of Freight Industry

15th out of 31 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 3 buy ratings, no hold ratings, 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 73.1% from its current price of $19.06.
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
9.22% 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 2.8, 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 12.17%, 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 33.35%, 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 134.69% 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.

3.2

News and Social Media Coverage

News Sentiment
Star Bulk Carriers has a news sentiment score of 0.70. 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 0.37 average news sentiment score of Transportation companies.
News Coverage This Week
MarketBeat has tracked 8 news articles for Star Bulk Carriers this week, compared to 3 articles on an average week.
Social Mentions This Week
MarketBeat has tracked 8 reddit mentions for Star Bulk Carriers this week, compared to 0 mentions on an average week.
Search Interest
Only 158 people have searched for SBLK on MarketBeat in the last 30 days. This is a decrease of -17% compared to the previous 30 days.
MarketBeat Follows
Only 69 people have added Star Bulk Carriers to their MarketBeat watchlist in the last 30 days. This is a decrease of -24% 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
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 -24.38% in the coming year, from $6.48 to $4.90 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of Star Bulk Carriers is 2.19, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 123.16.
Price to Earnings Ratio vs. Sector
The P/E ratio of Star Bulk Carriers is 2.19, which means that it is trading at a less expensive P/E ratio than the Transportation sector average P/E ratio of about 18.35.
Price to Book Value per Share Ratio
Star Bulk Carriers has a P/B Ratio of 0.94. 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

September 23, 2022 | msn.com

Here's How Much $100 Invested In Star Bulk Carriers 5 Years Ago Would Be Worth Today

September 23, 2022 | seekingalpha.com

SBLK Star Bulk Carriers Corp.

September 23, 2022 | americanbankingnews.com

Star Bulk Carriers (NASDAQ:SBLK) Upgraded to Buy at Pareto Securities

September 21, 2022 | finance.yahoo.com

Star Bulk Carriers Corp. (NASDAQ:SBLK) is largely controlled by institutional shareholders who own 53% of the company

September 20, 2022 | seekingalpha.com

Star Bulk leads dry bulk shippers higher as Pareto raises to Buy

September 19, 2022 | nasdaq.com

Earnings Working Against Star Bulk Carriers Corp.'s (NASDAQ:SBLK) Share Price

September 15, 2022 | benzinga.com

7SBLK : Star Bulk Carriers Whale Trades For September 15

September 14, 2022 | seekingalpha.com

Buy Golden Ocean And Star Bulk At Their Current Prices

September 13, 2022 | finance.yahoo.com

Investors Heavily Search Star Bulk Carriers Corp. (SBLK): Here is What You Need to Know

September 9, 2022 | seekingalpha.com

Star Bulk Carriers: Baltic Dry Index Says Shipping Cycle Over

September 9, 2022 | seekingalpha.com

Star Bulk Carriers: 35% Yield, Record Cash Flow

September 8, 2022 | finance.yahoo.com

Star Bulk Carriers Corp. (SBLK)

September 8, 2022 | finance.yahoo.com

Shipping Stocks: More Pain to Come?

September 8, 2022 | seekingalpha.com

Star Bulk Carriers: Patient Investors Are Rewarded - Buy This Pullback

September 7, 2022 | nasdaq.com

Star Bulk Carriers Stock (NASDAQ:SBLK): Is Its 34% Dividend Yield Sustainable?

September 7, 2022 | finance.yahoo.com

Star Bulk Carriers Corp. (NASDAQ:SBLK) Not Doing Enough For Some Investors As Its Shares Slump 25%

September 6, 2022 | americanbankingnews.com

Stock Traders Buy High Volume of Star Bulk Carriers Put Options (NASDAQ:SBLK)

September 1, 2022 | nasdaq.com

Relative Strength Alert For Star Bulk Carriers

August 29, 2022 | benzinga.com

Looking At Star Bulk Carriers's Recent Whale Trades

August 27, 2022 | nasdaq.com

Is Star Bulk Carriers (NASDAQ:SBLK) Using Too Much Debt?

August 19, 2022 | msn.com

Star Bulk Carriers's Ex-Dividend Date Is Wednesday, Here's What You Need To Know

August 19, 2022 | msn.com

$100 Invested In Star Bulk Carriers 5 Years Ago Would Be Worth This Much Today

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 8, 2022 | seekingalpha.com

Star Bulk Carriers: Brilliant Execution, But Uncertainty Looms

See More Headlines

30 days | 90 days | 365 days | Advanced Chart

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SBLK Company Calendar

Last Earnings: 8/04/2022
Ex-Dividend for 9/8 Dividend: 8/24/2022
Dividend Payable: 9/08/2022
Today: 9/24/2022
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: +73.1%
Consensus Rating: Buy
Rating Score (0-4): 3.00
Research Coverage: 3 Analysts

Profitability

EPS (Most Recent Fiscal Year): $8.70
Trailing P/E Ratio: 2.19
Forward P/E Ratio: 2.94
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: 1.37
Cash Flow: $8.01 per share
Price / Cash Flow: 2.38
Book Value: $20.33 per share
Price / Book: 0.94

Miscellaneous

Outstanding Shares: 102,290,000
Free Float: N/A
Market Cap: $1.95 billion
Optionable: Optionable
Beta: 1.00

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 3 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 brokerages have issued 1 year price objectives 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 73.1% 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 15.9% and is now trading at $19.06.
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 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 trailing twelve-month return on equity of 43.53%. During the same period in the previous year, the firm earned $1.26 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 Thursday, August 4th. Investors of record on Thursday, August 25th will be paid 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 34.63%. 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 33.35%. 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 134.69% 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 Goldman Sachs Group Inc. (0.96%), Renaissance Technologies LLC (0.92%), Wells Fargo & Company MN (0.84%), FMR LLC (0.61%), Gratus Capital LLC (0.57%) and CHURCHILL MANAGEMENT Corp (0.48%).
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 $19.06.
How much money does Star Bulk Carriers make?: Star Bulk Carriers (NASDAQ:SBLK) has a market capitalization of $1.95 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 9/25/2022 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

Dividend Strength

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score

News and Social Media Coverage

News Sentiment

News Coverage This Week

Social Mentions This Week

Search Interest

MarketBeat Follows