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NASDAQ:SBLK

Star Bulk Carriers Stock Forecast, Price & News

$24.91
-1.05 (-4.04%)
(As of 06/28/2022 10:57 AM ET)
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Compare
Today's Range
$24.69
$25.49
50-Day Range
$24.03
$33.60
52-Week Range
$16.56
$33.99
Volume
27,163 shs
Average Volume
3.27 million shs
Market Capitalization
$2.55 billion
P/E Ratio
3.13
Dividend Yield
27.20%
Price Target
$35.33
30 days | 90 days | 365 days | Advanced Chart

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SBLK Stock Forecast (MarketRank)

Overall MarketRank

2.38 out of 5 stars

Transportation Sector

53rd out of 173 stocks

Deep Sea Foreign Transportation Of Freight Industry

15th out of 45 stocks

Analyst Opinion: 3.3Community Rank: 4.8Dividend Strength: 1.7Insider Behavior: 0.8Valuation: 1.3 5 -4 -3 -2 -1 -
Star Bulk Carriers logo

About Star Bulk Carriers (NASDAQ:SBLK)

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.

SBLK Stock News Headlines

See More Headlines

Industry, Sector and Symbol

Industry
Deep sea foreign transportation of freight
Sub-Industry
N/A
Current Symbol
NASDAQ:SBLK
Employees
181
Year Founded
N/A

Company Calendar

Last Earnings
5/24/2022
Ex-Dividend for 6/16 Dividend
6/02/2022
Dividend Payable
6/16/2022
Today
6/28/2022
Next Earnings (Estimated)
8/04/2022
Fiscal Year End
12/31/2022

Price Target and Rating

Average Stock Price Forecast
$35.33
High Stock Price Forecast
$40.00
Low Stock Price Forecast
$30.00
Forecasted Upside/Downside
+41.8%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.66666666666667
Research Coverage
3 Analysts

Profitability

Net Income
$680.53 million
Pretax Margin
47.67%

Debt

Sales & Book Value

Annual Sales
$1.43 billion
Cash Flow
$8.53 per share
Book Value
$20.33 per share

Miscellaneous

Free Float
N/A
Market Cap
$2.55 billion
Optionable
Optionable
Beta
0.88

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Star Bulk Carriers 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 "moderate buy" Star Bulk Carriers stock.
View analyst ratings for Star Bulk Carriers
or view top-rated stocks.

What is Star Bulk Carriers' stock price forecast for 2022?

3 Wall Street analysts have issued 12 month price objectives for Star Bulk Carriers' shares. Their SBLK stock forecasts range from $30.00 to $40.00. On average, they predict Star Bulk Carriers' stock price to reach $35.33 in the next year. This suggests a possible upside of 42.6% from the stock's current price.
View analysts' price targets for Star Bulk Carriers
or view top-rated stocks among Wall Street analysts.

How has Star Bulk Carriers' stock price performed in 2022?

Star Bulk Carriers' stock was trading at $22.67 at the beginning of 2022. Since then, SBLK stock has increased by 9.3% and is now trading at $24.78.
View the best growth stocks for 2022 here
.

Are investors shorting Star Bulk Carriers?

Star Bulk Carriers saw a increase in short interest in June. As of June 15th, there was short interest totaling 3,690,000 shares, an increase of 65.5% from the May 31st total of 2,230,000 shares. Based on an average daily trading volume, of 2,800,000 shares, the days-to-cover ratio is presently 1.3 days. Currently, 4.5% of the company's stock are sold short.
View Star Bulk Carriers' Short Interest
.

When is Star Bulk Carriers' next earnings date?

Star Bulk Carriers is scheduled to release its next quarterly earnings announcement on Thursday, August 4th 2022.
View our earnings forecast for Star Bulk Carriers
.

How were Star Bulk Carriers' earnings last quarter?

Star Bulk Carriers Corp. (NASDAQ:SBLK) released its quarterly earnings data on Tuesday, May, 24th. The shipping company reported $1.72 EPS for the quarter, topping the consensus estimate of $1.47 by $0.25. Star Bulk Carriers had a net margin of 51.34% and a trailing twelve-month return on equity of 42.24%. During the same period in the prior year, the firm earned $0.36 EPS.
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 Tuesday, May 24th. Stockholders of record on Friday, June 3rd will be paid a dividend of $1.65 per share on Thursday, June 16th. This represents a $6.60 dividend on an annualized basis and a yield of 26.63%. The ex-dividend date of this dividend is Thursday, June 2nd.
View Star Bulk Carriers' dividend history
.

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 27.20%. SBLK has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The dividend payout ratio of Star Bulk Carriers is 82.81%. Payout ratios above 75% are not desirable because they may not be sustainable. Based on EPS estimates, Star Bulk Carriers will have a dividend payout ratio of 127.91% in the coming year. This indicates that Star Bulk Carriers may not be able to sustain their current dividend.
View Star Bulk Carriers' dividend history.

Who are Star Bulk Carriers' key executives?

Star Bulk Carriers' management team includes the following people:
  • Mr. Petros Alexandros Pappas, Founder, CEO & Director (Age 69, Pay $9.89k)
  • Mr. Hamish Norton, Pres (Age 63)
  • Mr. Simos Spyrou, Co-Chief Financial Officer (Age 48)
  • Mr. Christos Begleris, Co-Chief Financial Officer (Age 41)
  • Mr. Nicos Rescos, Chief Operating Officer (Age 50)
  • Mr. Zenon Kleopas, Exec. VP of Green Energy & Technology (Age 67)
  • Georgia Mastagaki, Co-Gen. Counsel
  • Ms. Charis Plakantonaki, Chief Strategy Officer (Age 43)
  • Mr. Constantinos Simantiras, Head of Market Research

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 Renaissance Technologies LLC (2.52%), Arrowstreet Capital Limited Partnership (2.07%), Acadian Asset Management LLC (1.53%), Goldman Sachs Group Inc. (1.38%), Skandinaviska Enskilda Banken AB publ (0.88%) and BlackRock Inc. (0.77%).

Which major investors are selling Star Bulk Carriers stock?

SBLK stock was sold by a variety of institutional investors in the last quarter, including Skandinaviska Enskilda Banken AB publ , Clearbridge Investments LLC, Kingfisher Capital LLC, Capital Fund Management S.A., Advisor Group Holdings Inc., AlphaCrest Capital Management LLC, Lazard Asset Management LLC, and Qube Research & Technologies Ltd.

Which major investors are buying Star Bulk Carriers stock?

SBLK stock was acquired by a variety of institutional investors in the last quarter, including Renaissance Technologies LLC, Acadian Asset Management LLC, Goldman Sachs Group Inc., Gratus Capital LLC, CHURCHILL MANAGEMENT Corp, Group One Trading L.P., BlackRock Inc., 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 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 $24.78.

How much money does Star Bulk Carriers make?

Star Bulk Carriers (NASDAQ:SBLK) has a market capitalization of $2.53 billion and generates $1.43 billion in revenue each year. The shipping company earns $680.53 million in net income (profit) each year or $7.97 on an earnings per share basis.

How many employees does Star Bulk Carriers have?

Star Bulk Carriers 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 Star Bulk Carriers is www.starbulk.com. The shipping company can be reached via phone at 302106178400, via email at [email protected], or via fax at 30 210 61 78 378.

This page (NASDAQ:SBLK) was last updated on 6/28/2022 by MarketBeat.com Staff

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