NYSE:GNK - Genco Shipping & Trading Stock Price, Forecast & News

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

Genco Shipping & Trading announced a None dividend on Wednesday, November 6th. Investors of record on Thursday, November 21st will be given a dividend of $0.50 per share on Thursday, December 5th. The ex-dividend date of this dividend is Wednesday, November 20th. View Genco Shipping & Trading's Dividend History.

Genco Shipping & Trading Limited (NYSE:GNK) released its quarterly earnings results on Wednesday, November, 6th. The shipping company reported ($0.06) earnings per share (EPS) for the quarter. The shipping company had revenue of $60.81 million for the quarter, compared to the consensus estimate of $62.14 million. Genco Shipping & Trading had a negative return on equity of 1.45% and a negative net margin of 9.82%. View Genco Shipping & Trading's Earnings History.

Genco Shipping & Trading is scheduled to release their next quarterly earnings announcement on Tuesday, February 25th 2020. View Earnings Estimates for Genco Shipping & Trading.

Genco Shipping & Trading will be holding an earnings conference call on Tuesday, February 25th at 12:00 AM Eastern. Interested parties can register for or listen to the call using this link or dial in at Not Available.

5 brokers have issued 1 year price targets for Genco Shipping & Trading's shares. Their forecasts range from $9.50 to $20.00. On average, they expect Genco Shipping & Trading's share price to reach $15.63 in the next twelve months. This suggests a possible upside of 86.0% from the stock's current price. View Analyst Price Targets for Genco Shipping & Trading.

5 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Genco Shipping & Trading in the last year. There are currently 2 hold ratings and 3 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View Analyst Ratings for Genco Shipping & Trading.

Media coverage about GNK stock has been trending somewhat negative this week, InfoTrie Sentiment Analysis reports. The research firm ranks the sentiment of news coverage by monitoring more than six thousand news and blog sources. The firm ranks coverage of publicly-traded companies on a scale of negative five to five, with scores closest to five being the most favorable. Genco Shipping & Trading earned a coverage optimism score of -1.4 on InfoTrie's scale. They also gave media coverage about the shipping company a news buzz of 0.0 out of 10, indicating that recent news coverage is extremely unlikely to have an impact on the stock's share price in the near term. View News Stories for Genco Shipping & Trading.

Genco Shipping & Trading saw a decline in short interest in the month of January. As of January 15th, there was short interest totalling 571,200 shares, a decline of 13.4% from the December 31st total of 659,500 shares. Based on an average trading volume of 253,400 shares, the days-to-cover ratio is presently 2.3 days. Currently, 1.6% of the shares of the stock are short sold. View Genco Shipping & Trading's Current Options Chain.

Some companies that are related to Genco Shipping & Trading include DHT (DHT), COSTAMARE INC/SH (CMRE), PAC BASIN SHIPP/ADR (PCFBY), Seacor (CKH), Star Bulk Carriers (SBLK), Dorian LPG (LPG), Navigator (NVGS), DryShips (DRYS), Teekay (TK), Scorpio Bulkers (SALT), Eagle Bulk Shipping (EGLE), TSAKOS ENERGY N/SH (TNP), Diana Shipping (DSX), SEACOR Marine (SMHI) and Capital Product Partners (CPLP).

Based on aggregate information from My MarketBeat watchlists, some companies that other Genco Shipping & Trading investors own include Endologix (ELGX), Chipotle Mexican Grill (CMG), Micron Technology (MU), Apache (APA), Citigroup (C), Cleveland-Cliffs (CLF), CVS Health (CVS), Energy Transfer LP Unit (ET), Gol Linhas Aereas Inteligentes (GOL) and Mosaic (MOS).

Genco Shipping & Trading's stock is owned by many different of institutional and retail investors. Top institutional shareholders include California Public Employees Retirement System (0.07%) and Nisa Investment Advisors LLC (0.03%). Company insiders that own Genco Shipping & Trading stock include Apostolos Zafolias, John C Wobensmith and Strategic Value Partners, Llc. View Institutional Ownership Trends for Genco Shipping & Trading.

GNK stock was bought by a variety of institutional investors in the last quarter, including Nisa Investment Advisors LLC and California Public Employees Retirement System. View Insider Buying and Selling for 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, Robinhood, Fidelity and Charles Schwab.

One share of GNK stock can currently be purchased for approximately $8.40.

Genco Shipping & Trading has a market capitalization of $350.73 million and generates $367.52 million in revenue each year. The shipping company earns $-32,940,000.00 in net income (profit) each year or $0.64 on an earnings per share basis. Genco Shipping & Trading employs 1,346 workers across the globe.View Additional Information About Genco Shipping & Trading.

The official website for Genco Shipping & Trading is http://www.gencoshipping.com/.

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.