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NASDAQ:SBLK - Star Bulk Carriers Stock Price, Forecast & News

$5.52
-0.12 (-2.13 %)
(As of 03/27/2020 04:00 PM ET)
Today's Range
$5.14
Now: $5.52
$5.68
50-Day Range
$5.05
MA: $7.63
$9.15
52-Week Range
$4.76
Now: $5.52
$12.09
Volume337,926 shs
Average Volume735,236 shs
Market Capitalization$506.40 million
P/E RatioN/A
Dividend Yield3.55%
Beta1.22
Star Bulk Carriers Corp., a shipping company, engages in the ocean transportation of dry bulk cargoes worldwide. Its 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 April 10, 2019, the company had a fleet of 109 vessels with an aggregate capacity of approximately 12.45 million deadweight ton, including 17 Newcastlemax, 19 Capesize, 2 Mini Capesize, 7 Post Panamax, 35 Kamsarmax, 2 Panamax, 17 Ultramax, and 10 Supramax vessels. It also provides vessel management services to dry bulk vessels of various sizes. The company was incorporated in 2006 and is based in Maroussi, Greece.
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Star Bulk Carriers logo

Industry, Sector and Symbol

Industry Deep sea foreign transportation of freight
Sub-IndustryN/A
SectorTransportation
Current SymbolNASDAQ:SBLK
CUSIPN/A
Phone011-30-21-0617-8400

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$821.36 million
Cash Flow$2.02 per share
Book Value$16.47 per share

Profitability

Net Income$-16,200,000.00

Miscellaneous

Employees169
Market Cap$506.40 million
Next Earnings Date5/27/2020 (Estimated)
OptionableOptionable

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Star Bulk Carriers (NASDAQ:SBLK) Frequently Asked Questions

How has Star Bulk Carriers' stock been impacted by COVID-19 (Coronavirus)?

Star Bulk Carriers' stock was trading at $7.37 on March 11th, 2020 when Coronavirus reached pandemic status according to the World Health Organization. Since then, SBLK stock has decreased by 25.1% and is now trading at $5.52. View which stocks have been mosted impacted by Coronavirus.

Do Wall Street analysts recommend investors buy shares of Star Bulk Carriers?

4 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Star Bulk Carriers in the last year. There are currently 2 hold ratings and 2 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View analyst ratings for Star Bulk Carriers.

When is Star Bulk Carriers' next earnings date?

Star Bulk Carriers is scheduled to release its next quarterly earnings announcement on Wednesday, May 27th 2020. View our earnings forecast for Star Bulk Carriers.

How were Star Bulk Carriers' earnings last quarter?

Star Bulk Carriers Corp. (NASDAQ:SBLK) issued its earnings results on Wednesday, February, 19th. The shipping company reported $0.36 EPS for the quarter, beating the Zacks' consensus estimate of $0.25 by $0.11. The shipping company earned $248.64 million during the quarter, compared to analyst estimates of $253.49 million. Star Bulk Carriers had a negative net margin of 1.97% and a positive return on equity of 1.54%. View Star Bulk Carriers' earnings history.

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 Wednesday, February 19th. Stockholders of record on Monday, March 2nd will be given a dividend of $0.05 per share on Thursday, March 12th. This represents a $0.20 dividend on an annualized basis and a dividend yield of 3.62%. The ex-dividend date of this dividend is Friday, February 28th. View Star Bulk Carriers' dividend history.

What price target have analysts set for SBLK?

4 brokers have issued 1 year target prices for Star Bulk Carriers' stock. Their forecasts range from $10.00 to $15.00. On average, they anticipate Star Bulk Carriers' stock price to reach $11.80 in the next twelve months. This suggests a possible upside of 113.8% from the stock's current price. View analysts' price targets for Star Bulk Carriers.

Has Star Bulk Carriers been receiving favorable news coverage?

Headlines about SBLK stock have been trending somewhat negative recently, InfoTrie Sentiment reports. InfoTrie identifies negative and positive press coverage by monitoring more than six thousand news and blog sources in real time. The firm ranks coverage of publicly-traded companies on a scale of negative five to positive five, with scores nearest to five being the most favorable. Star Bulk Carriers earned a daily sentiment score of -1.0 on InfoTrie's scale. They also assigned news stories about the shipping company a news buzz of 0.0 out of 10, meaning that recent press coverage is extremely unlikely to have an impact on the company's share price in the next few days. View the latest news aboutStar Bulk Carriers.

Are investors shorting Star Bulk Carriers?

Star Bulk Carriers saw a decline in short interest in the month of March. As of March 13th, there was short interest totaling 2,780,600 shares, a decline of 11.2% from the February 27th total of 3,130,000 shares. Based on an average daily volume of 588,700 shares, the days-to-cover ratio is presently 4.7 days. Approximately 3.5% of the shares of the stock are short sold. View Star Bulk Carriers' Current Options Chain.

Who are some of Star Bulk Carriers' key competitors?

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), Scorpio Tankers (STNG), The Coca-Cola (KO), Cypress Semiconductor (CY), Micron Technology (MU), Diana Shipping (DSX), Eagle Bulk Shipping (EGLE), Fossil Group (FOSL) and Intel (INTC).

Who are Star Bulk Carriers' key executives?

Star Bulk Carriers' management team includes the following people:
  • Mr. Petros Alexandros Pappas, Founder, CEO & Director (Age 66)
  • Mr. Hamish Norton, Pres (Age 60)
  • Mr. Simos Spyrou, Co-Chief Financial Officer (Age 45)
  • Mr. Christos Begleris, Co-Chief Financial Officer (Age 38)
  • Mr. Nicos Rescos, Chief Operating Officer (Age 47)

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 variety of retail and institutional investors. Top institutional shareholders include Renaissance Technologies LLC (2.36%), Jefferies Group LLC (1.52%), Evermore Global Advisors LLC (1.51%), Phoenix Holdings Ltd. (0.46%), Hawk Ridge Capital Management LP (0.43%) and J. Goldman & Co LP (0.37%).

Which major investors are selling Star Bulk Carriers stock?

SBLK stock was sold by a variety of institutional investors in the last quarter, including Evermore Global Advisors LLC, California Public Employees Retirement System, Bank of America Corp DE, UBS Group AG, Goldman Sachs Group Inc., and Mainstay Capital Management LLC ADV.

Which major investors are buying Star Bulk Carriers stock?

SBLK stock was purchased by a variety of institutional investors in the last quarter, including Hawk Ridge Capital Management LP, Jeereddi Investments LP, Jefferies Group LLC, Renaissance Technologies LLC, Hartree Partners LP, Phoenix Holdings Ltd., PEAK6 Investments LLC, and J. Goldman & Co LP.

How do I buy shares of Star Bulk Carriers?

Shares of SBLK can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.

What is Star Bulk Carriers' stock price today?

One share of SBLK stock can currently be purchased for approximately $5.52.

How big of a company is Star Bulk Carriers?

Star Bulk Carriers has a market capitalization of $506.40 million and generates $821.36 million in revenue each year. The shipping company earns $-16,200,000.00 in net income (profit) each year or $0.26 on an earnings per share basis. Star Bulk Carriers employs 169 workers across the globe. View additional information about Star Bulk Carriers.

What is Star Bulk Carriers' official website?

The official website for Star Bulk Carriers is http://www.starbulk.com/.

How can I contact Star Bulk Carriers?

Star Bulk Carriers' mailing address is C/O STAR BULK MANAGEMENT INC. 40 AGIOU KONSTANTINOU STR MAROUSSI, ATHENS J3, 15124. The shipping company can be reached via phone at 011-30-21-0617-8400 or via email at [email protected]


MarketBeat Community Rating for Star Bulk Carriers (NASDAQ SBLK)

Community Ranking:  2.8 out of 5 (star star)
Outperform Votes:  425 (Vote Outperform)
Underperform Votes:  339 (Vote Underperform)
Total Votes:  764
MarketBeat's community ratings are surveys of what our community members think about Star Bulk Carriers and other stocks. Vote "Outperform" if you believe SBLK will outperform the S&P 500 over the long term. Vote "Underperform" if you believe SBLK will underperform the S&P 500 over the long term. You may vote once every thirty days.
This page was last updated on 3/28/2020 by MarketBeat.com Staff

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