NASDAQ:SBLK

Star Bulk Carriers - SBLK Stock Forecast, Price & News

$20.89

+0.58 (+2.86%)

(As of 03/21/2023 12:00 AM ET)

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Today's Range: $20.70
▼
$21.16
50-Day Range: $20.31
▼
$24.58
52-Week Range: $16.85
▼
$33.99

Volume: 983,409 shs
Average Volume: 1.60 million shs
Market Capitalization: $2.15 billion

P/E Ratio: 3.78
Dividend Yield: 11.49%
Price Target: $30.33

Institutional Ownership

Star Bulk Carriers MarketRank™ Forecast

Analyst Rating: Buy
3.00 Rating Score
Upside/Downside: 45.2% Upside
$30.33 Price Target
Short Interest: Bearish
6.81% of Float Sold Short
Dividend Strength: Strong
Based on Four Factors
Sustainability: N/A
News Sentiment: 0.17
Based on 4 Articles This Week
Insider Trading: N/A
Proj. Earnings Growth: 33.33%
From $3.00 to $4.00 Per Share

Overall MarketRank^™

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

2.74 out of 5 stars

Transportation Sector

23rd out of 122 stocks

Deep Sea Foreign Transportation Of Freight Industry

7th 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 $30.33, Star Bulk Carriers has a forecasted upside of 45.2% from its current price of $20.89.
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
6.81% 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 4.
Change versus previous month
Short interest in Star Bulk Carriers has recently decreased by 3.34%, indicating that investor sentiment is improving.

3.3

Dividend Strength

Dividend Leadership
Star Bulk Carriers is a leading dividend payer. It pays a dividend yield of 11.73%, 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 43.40%. This payout ratio is at a healthy, sustainable level, below 75%.
Dividend Sustainability
Based on earnings estimates, Star Bulk Carriers will have a dividend payout ratio of 60.00% next year. This indicates that Star Bulk Carriers will be able to sustain or increase its dividend.

N/A

Sustainability and ESG

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

1.8

News and Social Media Coverage

News Sentiment
Star Bulk Carriers has a news sentiment score of 0.17. 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 lower news sentiment than the 0.36 average news sentiment score of Transportation companies.
News Coverage This Week
MarketBeat has tracked 4 news articles for Star Bulk Carriers this week, compared to 3 articles on an average week.
Search Interest
Only 204 people have searched for SBLK on MarketBeat in the last 30 days. This is a decrease of -11% compared to the previous 30 days.
MarketBeat Follows
Only 33 people have added Star Bulk Carriers to their MarketBeat watchlist in the last 30 days. This is a decrease of -31% 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
46.29% 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.

3.1

Earnings and Valuation

Earnings Growth
Earnings for Star Bulk Carriers are expected to grow by 33.33% in the coming year, from $3.00 to $4.00 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of Star Bulk Carriers is 3.78, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 128.90.
Price to Earnings Ratio vs. Sector
The P/E ratio of Star Bulk Carriers is 3.78, which means that it is trading at a less expensive P/E ratio than the Transportation sector average P/E ratio of about 33.86.
Price to Book Value per Share Ratio
Star Bulk Carriers has a P/B Ratio of 1.06. 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. 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

March 20, 2023 | seekingalpha.com

Star Bulk Carriers: Brace For More Pain

March 20, 2023 | seekingalpha.com

Star Bulk Carriers: Increasing Capesize Rates Vs. Weak Q4 2022 Performance

March 22, 2023 | Oxford Club (Ad)

My No. 1 dividend stock for a LIFETIME of income.

Few people realize this… But dividends account for up to 90% of the stock market's returns over the past century! I think it's a crying shame folks don't know how powerful dividends are.

March 7, 2023 | msn.com

3 of the Best Dividend Stocks, According to Analysts

March 4, 2023 | finance.yahoo.com

With 2.7% one-year returns, institutional owners may ignore Star Bulk Carriers Corp.'s (NASDAQ:SBLK) 3.5% stock price decline

February 22, 2023 | msn.com

Star Bulk Carriers: Dividend Insights

February 21, 2023 | markets.businessinsider.com

Analysts Offer Insights on Industrial Goods Companies: Paccar (PCAR), Star Bulk Carriers (SBLK) and Yellow Corporation (YELL)

February 19, 2023 | seekingalpha.com

Star Bulk Carriers: A Quality Holding But A Further Dividend Reduction Should Be Expected

March 22, 2023 | Oxford Club (Ad)

My No. 1 dividend stock for a LIFETIME of income.

Few people realize this… But dividends account for up to 90% of the stock market's returns over the past century! I think it's a crying shame folks don't know how powerful dividends are.

February 18, 2023 | finance.yahoo.com

Star Bulk Carriers Full Year 2022 Earnings: EPS Misses Expectations

February 17, 2023 | markets.businessinsider.com

Jefferies Keeps Their Buy Rating on Star Bulk Carriers (SBLK)

February 17, 2023 | thestreet.com

Star Bulk Carriers (SBLK) Stock Falls After Pricing Public Offering

February 16, 2023 | msn.com

Star Bulk Carriers declares $0.60 dividend

February 16, 2023 | finance.yahoo.com

Star Bulk Carriers Corp. Reports Net Profit of $85.8 Million for the Fourth Quarter of 2022 and Declares Quarterly Dividend of $0.60 Per Share

February 14, 2023 | seekingalpha.com

Star Bulk Carriers: Destruction Already Over

February 12, 2023 | finance.yahoo.com

15 Most Valuable Greek Companies In The World

February 9, 2023 | finance.yahoo.com

What Lies Ahead for Star Bulk Carriers (SBLK) in Q4 Earnings?

February 6, 2023 | finance.yahoo.com

Why Star Bulk Carriers Corp. (NASDAQ:SBLK) Could Be Worth Watching

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

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

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SBLK Company Calendar

Last Earnings: 11/16/2021
Ex-Dividend for 3/14 Dividend: 2/27/2023
Dividend Payable: 3/14/2023
Today: 3/22/2023
Next Earnings (Estimated): 5/23/2023
Fiscal Year End: 12/31/2023

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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: $30.33
High Stock Price Forecast: $33.00
Low Stock Price Forecast: $26.00
Forecasted Upside/Downside: +45.2%
Consensus Rating: Buy
Rating Score (0-4): 3.00
Research Coverage: 2 Analysts

Profitability

EPS (Most Recent Fiscal Year): $5.53
Trailing P/E Ratio: 3.78
Forward P/E Ratio: 6.96
P/E Growth: N/A
Net Income: $566 million
Net Margins: 39.38%
Pretax Margin: 39.39%
Return on Equity: 29.50%
Return on Assets: 16.94%

Debt

Debt-to-Equity Ratio: 0.55
Current Ratio: 1.78
Quick Ratio: 1.54

Sales & Book Value

Annual Sales: $1.44 billion
Price / Sales: 1.50
Cash Flow: $7.71 per share
Price / Cash Flow: 2.71
Book Value: $19.63 per share
Price / Book: 1.06

Miscellaneous

Outstanding Shares: 102,860,000
Free Float: N/A
Market Cap: $2.15 billion
Optionable: Optionable
Beta: 1.09

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

Institutional Ownership

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 brokers have issued 12 month target prices for Star Bulk Carriers' stock. Their SBLK share price forecasts range from $26.00 to $33.00. On average, they anticipate the company's stock price to reach $30.33 in the next year. This suggests a possible upside of 45.2% 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 at the beginning of the year. Since then, SBLK stock has increased by 8.6% and is now trading at $20.89.
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 Tuesday, May 23rd 2023.
View our SBLK earnings forecast.
How were Star Bulk Carriers' earnings last quarter?: Star Bulk Carriers Corp. (NASDAQ:SBLK) announced its quarterly 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 earned $415.69 million during the quarter, compared to analysts' expectations of $406.04 million. Star Bulk Carriers had a trailing twelve-month return on equity of 29.50% and a net margin of 39.38%. During the same quarter last year, the business posted $0.28 earnings per share.
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, February 16th. Investors of record on Tuesday, February 28th will be paid a dividend of $0.60 per share on Tuesday, March 14th. This represents a $2.40 annualized dividend and a dividend yield of 11.49%. The ex-dividend date of this dividend is Monday, February 27th.
Read our dividend analysis for SBLK.
What ETFs hold Star Bulk Carriers' stock?: ETFs with the largest weight of Star Bulk Carriers (NASDAQ:SBLK) stock in their portfolio include AAM S&P Emerging Markets High Dividend Value ETF (EEMD), SonicShares Global Shipping ETF (BOAT), iShares Emerging Markets Dividend ETF (DVYE), Arrow Dow Jones Global Yield ETF (GYLD), Global X SuperDividend ETF (SDIV), First Trust Long/Short Equity ETF (FTLS), Pacer Industrials and Logistics ETF (SHPP) and Invesco S&P Emerging Markets Momentum ETF (EEMO).
Is Star Bulk Carriers a good dividend stock?: Star Bulk Carriers (NASDAQ:SBLK) pays an annual dividend of $2.40 per share and currently has a dividend yield of 11.73%. SBLK has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The dividend payout ratio is 43.40%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, SBLK will have a dividend payout ratio of 60.00% next year. This indicates that the company will be able to sustain or increase its 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 Oaktree Capital Management LP (25.48%), Alliancebernstein L.P. (6.33%), Renaissance Technologies LLC (1.20%), Susquehanna International Group LLP (0.00%), Morgan Stanley (0.92%) and Jane Street Group LLC (0.00%).
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 $20.89.
How much money does Star Bulk Carriers make?: Star Bulk Carriers (NASDAQ:SBLK) has a market capitalization of $2.15 billion and generates $1.44 billion in revenue each year. The shipping company earns $566 million in net income (profit) each year or $5.53 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 3/22/2023 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

Search Interest

MarketBeat Follows

Company Ownership

Earnings and Valuation

About Star Bulk Carriers (NASDAQ:SBLK) Stock

SBLK Stock News Headlines

SBLK Company Calendar

Industry, Sector and Symbol

Price Target and Rating

Profitability

Debt

Sales & Book Value

Miscellaneous

Social Links

Key Executives

Key Competitors

Institutional Ownership

SBLK Stock - Frequently Asked Questions

Overall MarketRank^™