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NYSE:GNK

Genco Shipping & Trading Stock Forecast, Price & News

$6.89
+0.12 (+1.77 %)
(As of 09/30/2020 02:37 PM ET)
Add
Compare
Today's Range
$6.83
Now: $6.89
$7.19
50-Day Range
$6.21
MA: $7.01
$7.86
52-Week Range
$4.27
Now: $6.89
$11.82
Volume5,126 shs
Average Volume236,715 shs
Market Capitalization$288.02 million
P/E RatioN/A
Dividend Yield1.19%
Beta0.67
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 ore, coal, grains, steel products, and other dry-bulk cargoes. It charters its vessels primarily to trading houses, including commodities traders; producers; and government-owned entities. As of March 5, 2019, the company's fleet consisted of 17 Capesize, 2 Panamax, 6 Ultramax, 20 Supramax, and 13 Handysize vessels with an aggregate capacity of approximately 5,075,000 deadweight tons. Genco Shipping & Trading Limited was founded in 2004 and is headquartered in New York, New York.
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Genco Shipping & Trading logo

Beat the Market (BTM) Rank

Analyst Opinion: 3.3Community Rank: 2.4Dividend Strength: 0.8Insider Behavior: 1.0Valuation: 1.3 5 -4 -3 -2 -1 -

Overall Beat the Market Rank

1.76 out of 5 stars


Industry, Sector and Symbol

Industry Deep sea foreign transportation of freight
Sub-IndustryN/A
Previous SymbolOTCBB:GSKNF
CUSIPN/A
Phone646-443-8550

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$389.50 million
Cash Flow$1.14 per share
Book Value$23.43 per share

Profitability

Net Income$-55,990,000.00

Miscellaneous

Employees1,346
Market Cap$288.02 million
Next Earnings Date11/4/2020 (Estimated)
OptionableNot Optionable
$6.89
+0.12 (+1.77 %)
(As of 09/30/2020 02:37 PM ET)
30 days | 90 days | 365 days | Advanced Chart

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

How has Genco Shipping & Trading's stock price been impacted by COVID-19 (Coronavirus)?

Genco Shipping & Trading's stock was trading at $6.36 on March 11th, 2020 when COVID-19 (Coronavirus) reached pandemic status according to the World Health Organization (WHO). Since then, GNK stock has increased by 7.9% and is now trading at $6.86.
View which stocks have been most impacted by COVID-19
.

Do Wall Street analysts recommend investors buy shares of 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
.

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

Genco Shipping & Trading is scheduled to release its next quarterly earnings announcement on Wednesday, November 4th 2020.
View our earnings forecast for Genco Shipping & Trading
.

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

Genco Shipping & Trading Limited (NYSE:GNK) issued its earnings results on Wednesday, August, 5th. The shipping company reported ($0.43) earnings per share for the quarter, topping analysts' consensus estimates of ($0.48) by $0.05. The shipping company had revenue of $32.51 million for the quarter, compared to analyst estimates of $35.54 million. Genco Shipping & Trading had a negative net margin of 39.55% and a negative return on equity of 2.70%.
View Genco Shipping & Trading's earnings history
.

How often does Genco Shipping & Trading pay dividends? What is the dividend yield for Genco Shipping & Trading?

Genco Shipping & Trading announced a quarterly dividend on Wednesday, August 5th. Shareholders of record on Monday, August 17th will be given a dividend of $0.02 per share on Tuesday, August 25th. This represents a $0.08 dividend on an annualized basis and a dividend yield of 1.17%. The ex-dividend date of this dividend is Friday, August 14th.
View Genco Shipping & Trading's dividend history
.

What price target have analysts set for GNK?

5 brokerages have issued 12 month price objectives for Genco Shipping & Trading's stock. Their forecasts range from $8.90 to $18.00. On average, they expect Genco Shipping & Trading's stock price to reach $11.18 in the next twelve months. This suggests a possible upside of 63.0% from the stock's current price.
View analysts' price targets for Genco Shipping & Trading
.

Are investors shorting Genco Shipping & Trading?

Genco Shipping & Trading saw a drop in short interest in September. As of September 15th, there was short interest totaling 693,000 shares, a drop of 14.1% from the August 31st total of 807,100 shares. Based on an average daily volume of 185,400 shares, the short-interest ratio is presently 3.7 days. Approximately 1.9% of the company's shares are sold short.
View Genco Shipping & Trading's Short Interest
.

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 Pennsylvania R.E.I.T. (PEI), DHT (DHT), Gran Tierra Energy (GTE), AEterna Zentaris (AEZS), Golar LNG Partners (GMLP), Hallador Energy (HNRG), Washington Prime Group (WPG), BioNano Genomics (BNGO), Matinas BioPharma (MTNB) and Cannabics Pharmaceuticals (CNBX).

Who are Genco Shipping & Trading's key executives?

Genco Shipping & Trading's management team includes the following people:
  • Mr. Arthur L. Regan, Interim Exec. Chairman (Age 56)
  • Mr. John C. Wobensmith, CEO, Pres & Sec. (Age 49)
  • Mr. Apostolos Zafolias, CFO & Exec. VP of Fin. (Age 40)
  • Mr. Robert E. Hughes, Chief Operations Officer (Age 43)
  • Mr. Joseph Adamo, Chief Accounting Officer, Controller & Treasurer (Age 57)

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 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, Robinhood, Fidelity, and Charles Schwab.

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

One share of GNK stock can currently be purchased for approximately $6.86.

How big of a company is Genco Shipping & Trading?

Genco Shipping & Trading has a market capitalization of $286.76 million and generates $389.50 million in revenue each year. The shipping company earns $-55,990,000.00 in net income (profit) each year or ($0.67) 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 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.

This page was last updated on 9/30/2020 by MarketBeat.com Staff

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