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NASDAQ:SBLK

Star Bulk Carriers Stock Forecast, Price & News

$8.21
+0.51 (+6.62 %)
(As of 11/30/2020 12:00 AM ET)
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Today's Range
$8.06
Now: $8.21
$8.90
50-Day Range
$6.15
MA: $6.88
$7.70
52-Week Range
$3.86
Now: $8.21
$12.09
Volume2.75 million shs
Average Volume576,222 shs
Market Capitalization$788.78 million
P/E RatioN/A
Dividend Yield1.30%
Beta1.06
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 February 29, 2020, it had a fleet of 116 vessels with an aggregate capacity of approximately 12.9 million deadweight ton, including consisting of Newcastlemax, Capesize, Post Panamax, Kamsarmax, Panamax, Ultramax, and Supramax vessels. It also provides vessel management services. The company was incorporated in 2006 and is based in Maroussi, Greece.
Star Bulk Carriers logo

Beat the Market (BTM) Rank

Analyst Opinion: 2.5Community Rank: 2.8Dividend Strength: 1.7Insider Behavior: 0.8Valuation: 2.5 5 -4 -3 -2 -1 -

Overall Beat the Market Rank

2.06 out of 5 stars


Industry, Sector and Symbol

Industry Deep sea foreign transportation of freight
Sub-IndustryN/A
Current SymbolNASDAQ:SBLK
CUSIPN/A
Phone011-30-21-0617-8400
Employees181

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$821.36 million
Cash Flow$1.90 per share
Book Value$16.07 per share

Profitability

Net Income$-16,200,000.00

Miscellaneous

Market Cap$788.78 million
Next Earnings Date2/17/2021 (Estimated)
OptionableOptionable
$8.21
+0.51 (+6.62 %)
(As of 11/30/2020 12:00 AM ET)
30 days | 90 days | 365 days | Advanced Chart

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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 COVID-19 (Coronavirus) reached pandemic status according to the World Health Organization. Since then, SBLK stock has increased by 11.4% and is now trading at $8.21.
View which stocks have been most impacted by COVID-19
.

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

3 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Star Bulk Carriers in the last year. There are currently 3 buy ratings for the stock, resulting in a consensus recommendation of "Buy."
View analyst ratings for Star Bulk Carriers
or view MarketBeat's top 5 stock picks.

What stocks does MarketBeat like better than Star Bulk Carriers?

Wall Street analysts have given Star Bulk Carriers a "Buy" rating, but there may be better short-term opportunities in the market. Some of MarketBeat's winning trading ideas this year have resulted in 5-15% weekly gains. MarketBeat just released five new trading ideas, but Star Bulk Carriers wasn't one of them. MarketBeat thinks these five stocks may be even better buys.
View MarketBeat's top stock picks here.

When is Star Bulk Carriers' next earnings date?

Star Bulk Carriers is scheduled to release its next quarterly earnings announcement on Wednesday, February 17th 2021.
View our earnings forecast for Star Bulk Carriers
.

How were Star Bulk Carriers' earnings last quarter?

Star Bulk Carriers Corp. (NASDAQ:SBLK) issued its quarterly earnings results on Sunday, November, 15th. The shipping company reported $0.28 earnings per share for the quarter, missing the Thomson Reuters' consensus estimate of $0.30 by $0.02. Star Bulk Carriers had a positive return on equity of 0.75% and a negative net margin of 1.50%.
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 paid a dividend of $0.05 per share on Thursday, March 12th. This represents a $0.20 dividend on an annualized basis and a yield of 2.44%. The ex-dividend date is Friday, February 28th.
View Star Bulk Carriers' dividend history
.

What price target have analysts set for SBLK?

3 Wall Street analysts have issued 1-year price objectives for Star Bulk Carriers' stock. Their forecasts range from $8.60 to $10.00. On average, they anticipate Star Bulk Carriers' stock price to reach $9.20 in the next twelve months. This suggests a possible upside of 12.1% from the stock's current price.
View analysts' price targets for Star Bulk Carriers
.

Are investors shorting Star Bulk Carriers?

Star Bulk Carriers saw a decline in short interest in the month of November. As of November 15th, there was short interest totaling 561,300 shares, a decline of 45.0% from the October 31st total of 1,020,000 shares. Based on an average daily volume of 415,600 shares, the short-interest ratio is currently 1.4 days. Approximately 0.7% of the shares of the stock are sold short.
View Star Bulk Carriers' Short Interest
.

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), 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).

Who are Star Bulk Carriers' key executives?

Star Bulk Carriers' management team includes the following people:
  • Mr. Petros Alexandros Pappas, Founder, CEO & Director (Age 67, Pay $9.89k)
  • Mr. Hamish Norton, Pres (Age 61)
  • Mr. Simos Spyrou, Co-Chief Financial Officer (Age 46)
  • Mr. Christos Begleris, Co-Chief Financial Officer (Age 39)
  • Mr. Nicos Rescos, Chief Operating Officer (Age 48)
  • Mr. Zenon Kleopas, Exec. VP of Technical Operations (Age 65)
  • Georgia Mastagaki, Co-Gen. Counsel
  • Ms. Charis Plakantonaki, Chief Strategy Officer (Age 41)
  • Mr. Herman Alf Billung, Sr. VP
  • Mr. Constantinos Simantiras, Head of Market Research

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 investors include Jefferies Group LLC (5.60%), Arrowstreet Capital Limited Partnership (0.41%), California Public Employees Retirement System (0.10%), GSA Capital Partners LLP (0.09%), Morgan Stanley (0.07%) and Squarepoint Ops LLC (0.03%).

Which major investors are selling Star Bulk Carriers stock?

SBLK stock was sold by a variety of institutional investors in the last quarter, including Morgan Stanley, and BlackRock Inc..

Which major investors are buying Star Bulk Carriers stock?

SBLK stock was acquired by a variety of institutional investors in the last quarter, including Jefferies Group LLC, Arrowstreet Capital Limited Partnership, GSA Capital Partners LLP, Squarepoint Ops LLC, JPMorgan Chase & Co., Banque Cantonale Vaudoise, California Public Employees Retirement System, and Sippican Capital Advisors.

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 $8.21.

How big of a company is Star Bulk Carriers?

Star Bulk Carriers has a market capitalization of $788.78 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 181 workers across the globe.

What is Star Bulk Carriers' official website?

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

How can I contact Star Bulk Carriers?

Star Bulk Carriers' mailing address is 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]

This page was last updated on 12/1/2020 by MarketBeat.com Staff

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