NYSE:GNKGenco Shipping & Trading Stock Price, Forecast & News

Genco Shipping & Trading's stock was trading at $6.36 on March 11th, 2020 when Coronavirus (COVID-19) reached pandemic status according to the World Health Organization (WHO). Since then, GNK stock has increased by 10.5% and is now trading at $7.03.
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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."
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Genco Shipping & Trading is scheduled to release its next quarterly earnings announcement on Wednesday, November 4th 2020.
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Genco Shipping & Trading Limited (NYSE:GNK) issued its quarterly earnings data on Wednesday, August, 5th. The shipping company reported ($0.43) EPS for the quarter, topping the consensus estimate of ($0.48) by $0.05. Genco Shipping & Trading had a negative return on equity of 2.80% and a negative net margin of 42.74%.
View Genco Shipping & Trading's earnings history.

Genco Shipping & Trading announced a quarterly dividend on Wednesday, August 5th. Shareholders of record on Monday, August 17th will be paid a dividend of $0.02 per share on Tuesday, August 25th. This represents a $0.08 dividend on an annualized basis and a yield of 1.14%. The ex-dividend date is Friday, August 14th.
View Genco Shipping & Trading's dividend history.

5 Wall Street analysts have issued 1-year price targets for Genco Shipping & Trading's shares. Their forecasts range from $8.90 to $18.00. On average, they anticipate Genco Shipping & Trading's share price to reach $11.18 in the next year. This suggests a possible upside of 59.0% from the stock's current price.
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Media headlines about GNK stock have been trending very positive this week, according to InfoTrie Sentiment Analysis. The research firm identifies positive and negative media coverage by reviewing more than six thousand news and blog sources. The firm ranks coverage of public companies on a scale of negative five to positive five, with scores closest to five being the most favorable. Genco Shipping & Trading earned a coverage optimism score of 4.0 on InfoTrie's scale. They also gave news stories about the shipping company a news buzz of 0.0 out of 10, indicating that recent media coverage is extremely unlikely to have an impact on the company's share price in the near future.
View the latest news about Genco Shipping & Trading.

Some companies that are related to Genco Shipping & Trading include Ship Finance International (SFL), DHT (DHT), Scorpio Tankers (STNG), Star Bulk Carriers (SBLK), Seacor (CKH), PAC BASIN SHIPP/ADR (PCFBY), COSTAMARE INC/SH (CMRE), Torm (TRMD), DryShips (DRYS), Dorian LPG (LPG), Navigator (NVGS), Teekay (TK), Overseas Shipholding Group (OSG), Eagle Bulk Shipping (EGLE) and TSAKOS ENERGY N/SH (TNP).
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Based on aggregate information from My MarketBeat watchlists, some companies that other Genco Shipping & Trading investors own include Amplify Energy (AMPY), Amplify Energy (AMPY), DHT (DHT), Pennsylvania R.E.I.T. (PEI), AMC Entertainment (AMC), (CHK), Hallador Energy (HNRG), NGL Energy Partners (NGL), Washington Prime Group (WPG) and AEterna Zentaris (AEZS).

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

Genco Shipping & Trading's stock is owned by a variety of institutional and retail investors. Top institutional investors include Evermore Global Advisors LLC (4.96%), Swiss National Bank (0.10%), Raymond James Financial Services Advisors Inc. (0.06%) and UBS Group AG (0.01%). 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 sold by a variety of institutional investors in the last quarter, including Evermore Global Advisors LLC, and UBS Group AG. Company insiders that have sold Genco Shipping & Trading company stock in the last year include Apostolos Zafolias, John C Wobensmith, and Strategic Value Partners, Llc.
View insider buying and selling activity for Genco Shipping & Trading.

GNK stock was acquired by a variety of institutional investors in the last quarter, including Swiss National Bank, and Raymond James Financial Services Advisors Inc..
View insider buying and selling activity 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 $7.03.

Genco Shipping & Trading has a market capitalization of $293.87 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.

The official website for Genco Shipping & Trading is 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.