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

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

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

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

6 brokers have issued twelve-month price objectives for Genco Shipping & Trading's stock. Their forecasts range from $14.50 to $20.00. On average, they expect Genco Shipping & Trading's stock price to reach $17.75 in the next twelve months. This suggests a possible upside of 17.7% from the stock's current price. View Analyst Ratings for Genco Shipping & Trading.

6 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Genco Shipping & Trading in the last year. There are currently 1 hold rating and 5 buy ratings for the stock, resulting in a consensus recommendation of "Buy."

Genco Shipping & Trading saw a decline in short interest in June. As of June 29th, there was short interest totalling 149,232 shares, a decline of 78.9% from the June 15th total of 707,901 shares. Based on an average trading volume of 381,990 shares, the days-to-cover ratio is presently 0.4 days. Currently, 0.4% of the shares of the stock are sold short. View Genco Shipping & Trading's Current Options Chain.

Some companies that are related to Genco Shipping & Trading include Ship Finance International (SFL), Euronav (EURN), Pac BASIN SHIPP/ADR (PCFBY), SEASPAN Corp/SH SH (SSW), Seacor (CKH), Frontline (FRO), COSTAMARE Inc/SH (CMRE), Scorpio Tankers (STNG), Star Bulk Carriers (SBLK), Teekay (TK), Navigator (NVGS), DHT (DHT), Gener8 Maritime (GNRT), Scorpio Bulkers (SALT) and DryShips (DRYS).

Media coverage about GNK stock has been trending positive recently, according to Accern Sentiment. The research firm identifies positive and negative news coverage by monitoring more than 20 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 news impact score of 0.36 on Accern's scale. They also gave press coverage about the shipping company an impact score of 45.05 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the stock's share price in the near term.

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.

One share of GNK stock can currently be purchased for approximately $15.08.

Genco Shipping & Trading has a market capitalization of $626.53 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.

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.