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

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$8.36 -0.20 (-2.34 %)
(As of 03/21/2019 04:26 AM ET)
Previous Close$8.56
Today's Range$8.30 - $8.65
52-Week Range$6.83 - $20.07
Volume147,245 shs
Average Volume220,000 shs
Market Capitalization$348.15 million
P/E Ratio13.06
Dividend YieldN/A
Beta0.43
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. As of August 15, 2018, it had fleet of 15 Capesize, 5 Panamax, 5 Ultramax, 21 Supramax, 1 Handymax, and 15 Handysize drybulk carriers with an aggregate carrying capacity of approximately 5,039,000 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
Previous SymbolOTCBB:GSKNF
CUSIPN/A
Phone646-443-8550

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$367.52 million
Cash Flow$2.3222 per share
Book Value$25.29 per share

Profitability

Net Income$-32,940,000.00

Miscellaneous

Employees1,346
Market Cap$348.15 million
Next Earnings Date5/14/2019 (Estimated)
OptionableNot Optionable

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 Limited (NYSE:GNK) posted its quarterly earnings data on Tuesday, March, 5th. The shipping company reported $0.39 earnings per share for the quarter, topping the Zacks' consensus estimate of $0.27 by $0.12. Genco Shipping & Trading had a positive return on equity of 2.44% and a negative net margin of 8.96%. 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 Tuesday, May 14th 2019. View Earnings Estimates for Genco Shipping & Trading.

What price target have analysts set for GNK?

5 analysts have issued 1 year price objectives for Genco Shipping & Trading's stock. Their predictions range from $9.50 to $22.00. On average, they anticipate Genco Shipping & Trading's share price to reach $17.70 in the next year. This suggests a possible upside of 111.7% from the stock's current price. View Analyst Price Targets for Genco Shipping & Trading.

What is the consensus analysts' recommendation 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 1 hold rating and 4 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View Analyst Ratings for Genco Shipping & Trading.

What are Wall Street analysts saying about Genco Shipping & Trading stock?

Here are some recent quotes from research analysts about Genco Shipping & Trading stock:
  • 1. According to Zacks Investment Research, "Genco Shipping & Trading Ltd. is a ship owning company. It transport iron ore, coal, grain, steel products and other drybulk cargoes along shipping routes. The company owned fleet of dry cargo vessels which consists of Capesize, Panamax, Ultramax, Supramax, Handymax and Handysize vessels. Genco Shipping & Trading Ltd. is based in New York, United States. " (3/7/2019)
  • 2. Maxim Group analysts commented, "We are initiating coverage of Genco Shipping (GNK), the owner of one of the largest, most diversified fleets of dry bulk vessels." (1/3/2019)

Has Genco Shipping & Trading been receiving favorable news coverage?

Headlines about GNK stock have been trending very negative on Thursday, InfoTrie Sentiment reports. The research group ranks the sentiment of press coverage by monitoring more than six thousand blog and news sources in real-time. The firm ranks coverage of companies on a scale of -5 to 5, with scores nearest to five being the most favorable. Genco Shipping & Trading earned a news sentiment score of -3.6 on InfoTrie's scale. They also gave news articles about the shipping company a news buzz of 10.0 out of 10, meaning that recent press coverage is extremely likely to have an impact on the stock's share price in the near future.

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

What other stocks do shareholders of Genco Shipping & Trading own?

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), Aegean Marine Petroleum Network (ANW), Apache (APA), STMicroelectronics (STM), General Electric (GE), Newpark Resources (NR), Citigroup (C) and American River Bankshares (AMRB).

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 56)
  • Mr. John C. Wobensmith, CEO, Pres & Sec. (Age 49)
  • Mr. Apostolos Zafolias, Chief Financial Officer (Age 40)
  • Mr. Joseph Adamo, Chief Accounting Officer, Controller & Treasurer (Age 57)
  • Mr. Robert E. Hughes, Chief Operations Officer

Who are Genco Shipping & Trading's major shareholders?

Genco Shipping & Trading's stock is owned by many different of institutional and retail investors. Top institutional shareholders include Evermore Global Advisors LLC (4.85%), Dimensional Fund Advisors LP (2.13%), Dimensional Fund Advisors LP (2.13%), BlackRock Inc. (1.67%), Raynor Geoffrey (1.50%) and Q Global Advisors LLC (1.10%). Company insiders that own Genco Shipping & Trading stock include Apostolos Zafolias, Cayman Gp Ltd Ccp II and John C Wobensmith. 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 Two Sigma Investments LP, Geode Capital Management LLC, Geode Capital Management LLC, Squarepoint Ops LLC, Horseman Capital Management Ltd and Two Sigma Advisers LP. Company insiders that have sold Genco Shipping & Trading company stock in the last year include Apostolos Zafolias and John C Wobensmith. 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 Q Global Advisors LLC, Dimensional Fund Advisors LP, Dimensional Fund Advisors LP, Evermore Global Advisors LLC, BlackRock Inc., Weiss Multi Strategy Advisers LLC, 683 Capital Management LLC and Raynor Geoffrey. 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 $8.36.

How big of a company is Genco Shipping & Trading?

Genco Shipping & Trading has a market capitalization of $348.15 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.

What is Genco Shipping & Trading's official website?

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

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 (NYSE GNK)

Community Ranking:  2.4 out of 5 (star star)
Outperform Votes:  212 (Vote Outperform)
Underperform Votes:  238 (Vote Underperform)
Total Votes:  450
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.
This page was last updated on 3/21/2019 by MarketBeat.com Staff

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