NYSE:GNK - Genco Shipping & Trading Stock Price, Price Target & More

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$18.47 -0.28 (-1.49 %)

(As of 05/24/2018 06:42 AM ET)

Previous Close$18.75

Today's Range$18.42 - $18.89

52-Week Range$8.47 - $18.98

Volume309,954 shs

Average Volume194,312 shs

Market Capitalization$647.47 million

P/E Ratio-14.32

Dividend YieldN/A

Beta-0.03

About Genco Shipping & Trading (NYSE:GNK)

Genco Shipping & Trading Limited, together with its subsidiaries, engages in the ocean transportation of dry bulk cargoes worldwide. The company, through the ownership and operation of dry bulk carrier vessels, transports iron ores, coal, grains, steel products, and other dry-bulk cargoes. The company charters its vessels primarily to trading houses, such as commodities traders; producers; and government-owned entities. Its fleet consists of 60 drybulk carriers, including 13 Capesize, 6 Panamax, 4 Ultramax, 21 Supramax, 1 Handymax, and 15 Handysize drybulk carriers with an aggregate carrying capacity of approximately 4,688,000 deadweight tons. Genco Shipping & Trading Limited was founded in 2004 and is based in New York, New York.

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Industry, Sector and Symbol

Industry Deep sea foreign transportation of freight

Sub-IndustryN/A

SectorTransportation

SymbolNYSE:GNK

CUSIPN/A

Webwww.gencoshipping.com

Phone646-443-8550

Debt

Debt-to-Equity Ratio0.52

Current Ratio4.12

Quick Ratio3.75

Price-To-Earnings

Trailing P/E Ratio-14.32

Forward P/E Ratio21.99

P/E GrowthN/A

Sales & Book Value

Annual Sales$209.70 million

Price / Sales3.04

Cash Flow$0.9615 per share

Price / Cash19.21

Book Value$26.61 per share

Price / Book0.69

Profitability

EPS (Most Recent Fiscal Year)($1.29)

Net Income$-58,720,000.00

Net Margins-39.84%

Return on Equity-2.26%

Return on Assets-1.45%

Miscellaneous

Employees35

Outstanding Shares34,530,000

Genco Shipping & Trading (NYSE:GNK) Frequently Asked Questions

What is Genco Shipping & Trading's stock symbol?

Genco Shipping & Trading trades on the New York Stock Exchange (NYSE) under the ticker symbol "GNK."

How were Genco Shipping & Trading's earnings last quarter?

Genco Shipping & Trading (NYSE:GNK) issued its quarterly earnings results on Tuesday, May, 8th. The shipping company reported $0.02 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.02. The shipping company had revenue of $76.92 million for the quarter, compared to analyst estimates of $56.93 million. Genco Shipping & Trading had a negative return on equity of 2.26% and a negative net margin of 39.84%. View Genco Shipping & Trading's Earnings History.

When is Genco Shipping & Trading's next earnings date?

Genco Shipping & Trading is scheduled to release their next quarterly earnings announcement on Monday, August, 6th 2018. View Earnings Estimates for Genco Shipping & Trading.

What price target have analysts set for GNK?

6 equities research analysts have issued 1 year price objectives for Genco Shipping & Trading's stock. Their predictions range from $14.50 to $20.00. On average, they anticipate Genco Shipping & Trading's share price to reach $17.75 in the next year. View Analyst Ratings for Genco Shipping & Trading.

Who are some of Genco Shipping & Trading's key competitors?

Some companies that are related to Genco Shipping & Trading include Ship Finance International (SFL), Euronav (EURN), Pacific Basin Ship (PCFBY), Seaspan (SSW), Seacor (CKH), Scorpio Tankers (STNG), Star Bulk Carriers (SBLK), Costamare (CMRE), Frontline (FRO), Teekay (TK), Navigator (NVGS), Scorpio Bulkers (SALT), Double Hull Tankers (DHT), General Maritime (GNRT) and Diana Shipping (DSX).

Who are Genco Shipping & Trading's key executives?

Genco Shipping & Trading's management team includes the folowing people:

Mr. Arthur L. Regan, Interim Exec. Chairman (Age 55)
Mr. John C. Wobensmith, Chief Exec. Officer, Pres and Sec. (Age 48)
Mr. Apostolos Zafolias, Chief Financial Officer (Age 39)
Mr. Joseph Adamo CPA, Chief Accounting Officer, Controller and Treasurer (Age 56)
Mr. Ivo Kempenaer, VP, Commercial Director & Head of Major Bulks

Has Genco Shipping & Trading been receiving favorable news coverage?

News articles about GNK stock have trended somewhat positive on Thursday, Accern Sentiment Analysis reports. The research firm rates the sentiment of press coverage by monitoring more than twenty million news and blog sources in real-time. Accern ranks coverage of companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Genco Shipping & Trading earned a daily sentiment score of 0.19 on Accern's scale. They also assigned press coverage about the shipping company an impact score of 45.13 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the company's share price in the next several days.

Who are Genco Shipping & Trading's major shareholders?

Genco Shipping & Trading's stock is owned by a number of of institutional and retail investors. Top institutional shareholders include Raynor Geoffrey (2.61%), BlackRock Inc. (1.01%), Millennium Management LLC (0.49%), Dimensional Fund Advisors LP (0.42%), Chicago Equity Partners LLC (0.34%) and Northern Trust Corp (0.25%). View Institutional Ownership Trends for Genco Shipping & Trading.

Which major investors are selling Genco Shipping & Trading stock?

GNK stock was sold by a variety of institutional investors in the last quarter, including Raynor Geoffrey and BlackRock Inc.. View Insider Buying and Selling for Genco Shipping & Trading.

Which major investors are buying Genco Shipping & Trading stock?

GNK stock was acquired by a variety of institutional investors in the last quarter, including Millennium Management LLC, Chicago Equity Partners LLC, Dimensional Fund Advisors LP, JPMorgan Chase & Co., GSA Capital Partners LLP, Trexquant Investment LP, Acorn Advisory Capital L.P. and Citadel Advisors LLC. View Insider Buying and Selling for Genco Shipping & Trading.

How do I buy shares of Genco Shipping & Trading?

Shares of GNK 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, Scottrade, Fidelity and Charles Schwab.

What is Genco Shipping & Trading's stock price today?

One share of GNK stock can currently be purchased for approximately $18.47.

How big of a company is Genco Shipping & Trading?

Genco Shipping & Trading has a market capitalization of $647.47 million and generates $209.70 million in revenue each year. The shipping company earns $-58,720,000.00 in net income (profit) each year or ($1.29) on an earnings per share basis. Genco Shipping & Trading employs 35 workers across the globe.

How can I contact Genco Shipping & Trading?

Genco Shipping & Trading's mailing address is 299 Park Avenue 12th Floor, NEW YORK NY, 10171. The shipping company can be reached via phone at 646-443-8550.

MarketBeat Community Rating for Genco Shipping & Trading (GNK)

Community Ranking:		2.3 out of 5 ( )
Outperform Votes:		138 (Vote Outperform)
Underperform Votes:		157 (Vote Underperform)
Total Votes:		295

MarketBeat's community ratings are surveys of what our community members think about Genco Shipping & Trading and other stocks. Vote "Outperform" if you believe GNK will outperform the S&P 500 over the long term. Vote "Underperform" if you believe GNK will underperform the S&P 500 over the long term. You may vote once every thirty days.

Genco Shipping & Trading (NYSE:GNK) Price Target and Consensus Rating

(How are Consensus Ratings Calculated?)

6 Wall Street analysts have issued ratings and price targets for Genco Shipping & Trading in the last 12 months. Their average twelve-month price target is $17.75, suggesting that the stock has a possible downside of 3.90%. The high price target for GNK is $20.00 and the low price target for GNK is $14.50. There are currently 1 hold rating and 5 buy ratings for the stock, resulting in a consensus rating of "Buy."

	Today	30 Days Ago	90 Days Ago	180 Days Ago
Consensus Rating:	Buy	Buy	Buy	Buy
Consensus Rating Score:	2.83	2.83	2.83	2.80
Ratings Breakdown:	0 Sell Rating(s) 1 Hold Rating(s) 5 Buy Rating(s) 0 Strong Buy Rating(s)	0 Sell Rating(s) 1 Hold Rating(s) 5 Buy Rating(s) 0 Strong Buy Rating(s)	0 Sell Rating(s) 1 Hold Rating(s) 5 Buy Rating(s) 0 Strong Buy Rating(s)	0 Sell Rating(s) 1 Hold Rating(s) 4 Buy Rating(s) 0 Strong Buy Rating(s)
Consensus Price Target:	$17.75	$17.75	$17.1667	$16.20
Price Target Upside:	3.90% downside	11.71% upside	31.44% upside	51.97% upside

Genco Shipping & Trading (NYSE:GNK) Consensus Price Target History

Price Target History for Genco Shipping & Trading (NYSE:GNK)

Genco Shipping & Trading (NYSE:GNK) Analyst Ratings History

Show:

Date	Brokerage	Action	Rating	Price Target	Impact on Share Price
4/17/2018	Morgan Stanley	Lower Price Target	Equal Weight ➝ Equal Weight	$15.00 ➝ $14.50	Low
4/16/2018	Deutsche Bank	Initiated Coverage	Buy	$19.00	Medium
2/28/2018	Seaport Global Securities	Set Price Target	Buy	$18.00	Low
1/12/2018	Noble Financial	Initiated Coverage	Buy	$20.00	High
12/18/2017	Jefferies Group	Initiated Coverage	Buy ➝ Buy	$20.00	Medium
11/20/2017	Evercore ISI	Initiated Coverage	Outperform ➝ Outperform	$15.00	N/A
4/4/2017	Clarkson Capital	Initiated Coverage	Buy	$17.00	Low

(Data available from 5/24/2016 forward)

Genco Shipping & Trading (NYSE:GNK) Earnings History and Estimates Chart

Earnings by Quarter for Genco Shipping & Trading (NYSE:GNK)

Genco Shipping & Trading (NYSE:GNK) Earnings Estimates

2018 EPS Consensus Estimate: $0.94
2019 EPS Consensus Estimate: $1.77

Quarter	Number of Estimates	Low Estimate	High Estimate	Average Estimate
Q1 2018	2	($0.04)	$0.10	$0.03
Q2 2018	2	$0.05	$0.06	$0.06
Q3 2018	2	$0.11	$0.49	$0.30
Q4 2018	2	$0.36	$0.74	$0.55
Q1 2019	1	$0.45	$0.45	$0.45
Q2 2019	1	$0.43	$0.43	$0.43
Q3 2019	1	$0.45	$0.45	$0.45
Q4 2019	1	$0.44	$0.44	$0.44

Genco Shipping & Trading (NYSE GNK) Earnings History by Quarter

Date	Quarter	Consensus Estimate	Actual EPS	Revenue Estimate	Actual Revenue	Release Link	Conference Call
8/6/2018
5/8/2018	Q1 2018	$0.02	$0.02	$56.93 million	$76.92 million	View	Listen
2/27/2018	Q4 2017	($0.03)	$0.07	$58.10 million	$74.92 million	View	N/A
11/1/2017	Q3 2017	($0.30)	($0.36)	$46.42 million	$51.16 million	View	N/A
8/7/2017	Q2 2017	($0.39)	($0.36)	$43.91 million	$45.37 million	View	Listen
5/8/2017	Q1 2017	($0.59)	($0.66)	$39.31 million	$38.25 million	View	Listen
3/1/2017	Q416	($0.86)	($3.3460)	$40.42 million	$43.89 million	View	Listen
11/2/2016	Q316	($5.42)	($3.80)	$35.50 million	$38.89 million	View	Listen
8/3/2016	Q216	($6.26)	($5.59)	$35.81 million	$31.90 million	View	Listen
5/9/2016	Q1	($0.78)	($0.75)	$36.01 million	$20.90 million	View	Listen
3/10/2016	Q415	($0.62)	($0.69)	$36.25 million	$34.95 million	View	Listen
11/5/2015	Q315	($0.34)	($0.65)	$48.07 million	$50.00 million	View	Listen
8/4/2015	Q215	($0.69)	($0.67)	$81.69 million	$34.60 million	View	Listen
5/19/2014	Q1 2014		($9.00)	$73.38 million	$63.99 million	View	N/A
11/6/2013	Q3 2013	($9.20)	($8.10)	$49.59 million	$59.43 million	View	N/A
7/31/2013	Q2 2013	($10.90)	($10.50)	$41.53 million	$45.76 million	View	N/A
5/1/2013	Q1 2013	($10.90)	($11.20)	$38.12 million	$40.49 million	View	N/A
2/20/2013	Q4 2012	($8.50)	($10.60)			View	N/A
10/31/2012	Q3 2012	($7.80)	($9.00)			View	N/A
8/1/2012	Q2 2012	($6.60)	($6.50)			View	N/A
4/30/2012	Q1 2012	($6.30)	($8.68)			View	N/A
2/21/2012	Q4 2011	($0.50)	$0.09			View	N/A
11/1/2011	Q3 2011	$0.50	$0.44			View	N/A
7/26/2011	Q2 2011	$2.60	$2.87			View	N/A
5/3/2011	Q1 2011	$3.40	$3.81			View	N/A
2/23/2011	Q4 2010	$9.50	$9.00			View	N/A
11/3/2010	Q3 2010	$9.50	$9.90			View	N/A
8/9/2010	Q2 2010	$10.90	$11.64			View	N/A
5/3/2010	Q1 2010	$10.20	$10.60			View	N/A
2/24/2010	Q4 2009	$10.60	$11.30			View	N/A
10/28/2009	Q3 2009	$10.00	$10.89			View	N/A
7/29/2009	Q2 2009	$11.30	$11.97			View	N/A
4/29/2009	Q1 2009	$12.80	$13.20			View	N/A
2/25/2009	Q4 2008	$15.50	$15.50			View	N/A
10/29/2008	Q3 2008	$17.80	$18.54			View	N/A
7/30/2008	Q2 2008	$17.20	$19.46			View	N/A
4/30/2008	Q1 2008	$14.60	$16.53			View	N/A
2/13/2008	Q4 2007	$10.40	$11.60			View	N/A

(Earnings results data provided by Zacks Investment Research)

Genco Shipping & Trading (NYSE:GNK) Dividend History by Quarter

Announced	Period	Amount	Yield	Ex-Dividend Date	Record Date	Payable Date

(Data available from 1/1/2013 forward)

Genco Shipping & Trading (NYSE GNK) Insider Trading and Institutional Ownership History

Insider Ownership Percentage: 1.23%
Institutional Ownership Percentage: 89.65%

Insider Trading History for Genco Shipping & Trading (NYSE:GNK)

Institutional Ownership by Quarter for Genco Shipping & Trading (NYSE:GNK)

Genco Shipping & Trading (NYSE GNK) Insider Trading History

Transaction Date	Insider Name	Title	Buy/Sell	Number of Shares	Average Share Price	Total Transaction
12/12/2017	Cayman Gp Ltd. Ccp II	Major Shareholder	Sell	320,462	$13.11	$4,201,256.82
8/12/2015	John C Wobensmith	Insider	Sell	17,190	$7.00	$120,330.00
7/23/2015	John C Wobensmith	Insider	Sell	29,407	$7.46	$219,376.22
7/21/2015	John C Wobensmith	Insider	Sell	42,953	$7.52	$323,006.56

(Data available from 1/1/2013 forward)

Genco Shipping & Trading (NYSE GNK) News Headlines

Source:

Date	Headline
	$60.57 Million in Sales Expected for Genco Shipping & Trading (GNK) This Quarter www.americanbankingnews.com - May 19 at 4:00 AM
	Genco Shipping & Trading (GNK) Expected to Announce Earnings of $0.08 Per Share www.americanbankingnews.com - May 17 at 10:17 AM
	Equities Analysts Issue Forecasts for Genco Shipping & Trading's Q2 2018 Earnings (GNK) www.americanbankingnews.com - May 14 at 2:25 AM
	Brokers Offer Predictions for Genco Shipping & Trading's Q2 2018 Earnings (GNK) www.americanbankingnews.com - May 14 at 2:23 AM
	Genco Shipping & Trading (GNK) Upgraded by Zacks Investment Research to Hold www.americanbankingnews.com - May 12 at 12:34 AM
	Equities Analysts Issue Forecasts for Genco Shipping & Trading's Q1 2019 Earnings (GNK) www.americanbankingnews.com - May 11 at 11:02 AM
	Q3 2018 EPS Estimates for Genco Shipping & Trading Raised by Analyst (GNK) www.americanbankingnews.com - May 11 at 10:13 AM
	Edited Transcript of GNK earnings conference call or presentation 9-May-18 12:30pm GMT finance.yahoo.com - May 10 at 8:11 AM
	Genco Shipping: 1Q Earnings Snapshot finance.yahoo.com - May 9 at 8:08 AM
	Genco Shipping & Trading (GNK) Posts Quarterly Earnings Results, Beats Expectations By $0.24 EPS www.americanbankingnews.com - May 8 at 8:52 PM
	Genco Shipping & Trading (GNK) Lifted to Strong-Buy at ValuEngine www.americanbankingnews.com - May 3 at 5:12 PM
	Genco Shipping & Trading (GNK) Receives Average Rating of "Buy" from Analysts www.americanbankingnews.com - May 3 at 3:36 PM
	Genco Shipping & Trading (GNK) to Release Earnings on Tuesday www.americanbankingnews.com - May 2 at 2:01 PM
	Genco Shipping & Trading (GNK) Downgraded by Zacks Investment Research to Sell www.americanbankingnews.com - May 2 at 11:19 AM
	$56.93 Million in Sales Expected for Genco Shipping & Trading (GNK) This Quarter www.americanbankingnews.com - May 1 at 2:04 AM
	Zacks: Brokerages Expect Genco Shipping & Trading (GNK) Will Announce Earnings of -$0.22 Per Share www.americanbankingnews.com - April 29 at 7:16 PM
	Genco Shipping & Trading (GNK) & Its Rivals Financial Contrast www.americanbankingnews.com - April 24 at 5:26 AM
	Contrasting Genco Shipping & Trading (GNK) & The Competition www.americanbankingnews.com - April 22 at 5:16 PM
	Genco Shipping & Trading (GNK) & Its Competitors Head to Head Contrast www.americanbankingnews.com - April 22 at 9:14 AM
	Comparing Genco Shipping & Trading (GNK) and Its Competitors www.americanbankingnews.com - April 21 at 9:08 PM
	Zacks Investment Research Upgrades Genco Shipping & Trading (GNK) to Buy www.americanbankingnews.com - April 19 at 12:28 AM
	Genco Shipping & Trading (GNK) Raised to "Buy" at ValuEngine www.americanbankingnews.com - April 18 at 1:24 PM
	Morgan Stanley Trims Genco Shipping & Trading (GNK) Target Price to $14.50 www.americanbankingnews.com - April 17 at 11:01 AM
	Head to Head Review: Genco Shipping & Trading (GNK) versus Its Rivals www.americanbankingnews.com - April 17 at 1:33 AM
	Genco Shipping & Trading (GNK) Coverage Initiated at Deutsche Bank www.americanbankingnews.com - April 16 at 8:18 AM
	Genco Shipping & Trading (GNK) Raised to "Hold" at ValuEngine www.americanbankingnews.com - April 15 at 7:48 PM
	$57.02 Million in Sales Expected for Genco Shipping & Trading (GNK) This Quarter www.americanbankingnews.com - April 14 at 2:05 AM
	Genco Shipping & Trading (GNK) Upgraded at BidaskClub www.americanbankingnews.com - April 13 at 4:54 PM
	Financial Contrast: Genco Shipping & Trading (GNK) vs. The Competition www.americanbankingnews.com - April 13 at 1:18 PM
	Genco Shipping & Trading (GNK) Expected to Announce Earnings of -$0.26 Per Share www.americanbankingnews.com - April 12 at 9:16 PM
	Genco Shipping & Trading (GNK) Stock Rating Lowered by ValuEngine www.americanbankingnews.com - April 10 at 12:37 AM
	Analyzing Genco Shipping & Trading (GNK) and The Competition www.americanbankingnews.com - April 6 at 11:48 AM
	Genco Shipping & Trading (GNK) Upgraded to Hold by ValuEngine www.americanbankingnews.com - April 3 at 2:58 PM
	Genco Shipping & Trading Limited Appoints Commercial Director, Minor Bulk, Europe globenewswire.com - April 2 at 8:20 AM
	ValuEngine Downgrades Genco Shipping & Trading (GNK) to Sell www.americanbankingnews.com - April 1 at 10:20 PM
	Zacks Investment Research Downgrades Genco Shipping & Trading (GNK) to Sell www.americanbankingnews.com - March 31 at 11:08 AM
	Comparing Genco Shipping & Trading (GNK) & The Competition www.americanbankingnews.com - March 31 at 9:10 AM
	Genco Shipping & Trading (GNK) Expected to Post Quarterly Sales of $57.02 Million www.americanbankingnews.com - March 28 at 1:04 AM
	Genco Shipping & Trading (GNK) Expected to Post Earnings of -$0.26 Per Share www.americanbankingnews.com - March 26 at 9:10 PM
	Genco Shipping & Trading (GNK) Stock Rating Upgraded by ValuEngine www.americanbankingnews.com - March 25 at 5:52 PM
	Genco Shipping & Trading Limited Ordinary Shares New (Marshall Islands) (GNK) Receives Average Rating of "Hold" from Brokerages www.americanbankingnews.com - March 14 at 1:00 PM
	Genco Shipping & Trading Limited Ordinary Shares New (Marshall Islands) (GNK) Lowered to Hold at Zacks Investment Research www.americanbankingnews.com - March 14 at 12:00 AM
	Genco Shipping & Trading Limited Ordinary Shares New (Marshall Islands) (GNK) Upgraded by Zacks Investment Research to Buy www.americanbankingnews.com - March 13 at 12:10 AM
	$57.02 Million in Sales Expected for Genco Shipping & Trading Limited Ordinary Shares New (Marshall Islands) (GNK) This Quarter www.americanbankingnews.com - March 11 at 8:50 AM
	Genco Shipping & Trading Limited Ordinary Shares New (Marshall Islands) (GNK) Expected to Post Earnings of -$0.26 Per Share www.americanbankingnews.com - March 9 at 3:49 PM
	Research Analysts Offer Predictions for Genco Shipping & Trading Limited Ordinary Shares New (Marshall Islands)'s Q2 2018 Earnings (GNK) www.americanbankingnews.com - March 5 at 3:32 AM
	Jefferies Group Equities Analysts Boost Earnings Estimates for Genco Shipping & Trading Limited Ordinary Shares New (Marshall Islands) (GNK) www.americanbankingnews.com - March 5 at 2:22 AM
	TheStreet Upgrades Genco Shipping & Trading Limited Ordinary Shares New (Marshall Islands) (GNK) to C- www.americanbankingnews.com - March 3 at 7:16 PM
	Genco Shipping & Trading Limited Ordinary Shares New (Marshall Islands) (GNK) Stock Rating Lowered by ValuEngine www.americanbankingnews.com - March 3 at 5:22 PM
	Genco Shipping & Trading Limited Ordinary Shares New (Marshall Islands) (GNK) to Post Q2 2018 Earnings of $0.17 Per Share, Jefferies Group Forecasts www.americanbankingnews.com - March 2 at 10:24 AM

Genco Shipping & Trading (NYSE:GNK) SEC Filings

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Genco Shipping & Trading (NYSE:GNK) Income Statement, Balance Sheet and Cash Flow Statement

Genco Shipping & Trading (NYSE GNK) Stock Chart for Thursday, May, 24, 2018

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This page was last updated on 5/24/2018 by MarketBeat.com Staff