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NYSE:GNK

Genco Shipping & Trading Stock Forecast, Price & News

$6.37
-0.01 (-0.16 %)
(As of 09/23/2020 12:00 AM ET)
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Today's Range
$6.32
Now: $6.37▼
$6.57
50-Day Range
$6.21
MA: $7.05▼
$7.86
52-Week Range
$4.27
Now: $6.37▼
$11.82
Volume187,868 shs
Average Volume239,486 shs
Market Capitalization$266.28 million
P/E RatioN/A
Dividend Yield1.25%
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

Stock Exchange NYSE
Industry Deep sea foreign transportation of freight
Sub-IndustryN/A
SectorTransportation
Current SymbolNYSE:GNK
Previous SymbolOTCBB:GSKNF
CUSIPN/A
CIK1326200
Webwww.gencoshipping.com
Phone646-443-8550

Debt

Debt-to-Equity Ratio0.50
Current Ratio1.92
Quick Ratio1.71

Price-To-Earnings

Trailing P/E RatioN/A
Forward P/E RatioN/A
P/E GrowthN/A

Sales & Book Value

Annual Sales$389.50 million
Price / Sales0.68
Cash Flow$1.05 per share
Price / Cash Flow6.05
Book Value$23.43 per share
Price / Book0.27

Profitability

EPS (Most Recent Fiscal Year)($0.67)
Net Income$-55,990,000.00
Net Margins-39.55%
Return on Equity-2.70%
Return on Assets-1.69%

Miscellaneous

Employees1,346
Outstanding Shares41,802,000
Market Cap$266.28 million
Next Earnings Date11/4/2020 (Estimated)
OptionableNot Optionable
$6.37
-0.01 (-0.16 %)
(As of 09/23/2020 12:00 AM 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. Since then, GNK shares have increased by 0.2% and is now trading at $6.37.
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) released 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 return on equity of 2.70% and a negative net margin of 39.55%.
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 declared 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 yield of 1.26%. 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 equities research analysts have issued 1 year target prices for Genco Shipping & Trading's shares. Their forecasts range from $8.90 to $18.00. On average, they anticipate Genco Shipping & Trading's stock price to reach $11.18 in the next twelve months. This suggests a possible upside of 75.5% 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 increase in short interest in the month of August. As of August 31st, there was short interest totaling 807,100 shares, an increase of 10.4% from the August 15th total of 730,800 shares. Based on an average trading volume of 196,000 shares, the days-to-cover ratio is currently 4.1 days. Approximately 2.2% of the company's stock are short sold.
View Genco Shipping & Trading's Short Interest.

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

Some companies that are related to Genco Shipping & Trading include Ship Finance International (SFL), DHT (DHT), PAC BASIN SHIPP/ADR (PCFBY), Star Bulk Carriers (SBLK), Scorpio Tankers (STNG), COSTAMARE INC/SH (CMRE), Seacor (CKH), Torm (TRMD), Navigator (NVGS), DryShips (DRYS), Dorian LPG (LPG), Teekay (TK), Overseas Shipholding Group (OSG), Eagle Bulk Shipping (EGLE) and Danaos (DAC).
View all 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), Washington Prime Group (WPG), Cannabics Pharmaceuticals (CNBX), EnLink Midstream (ENLC), Hallador Energy (HNRG) and Matinas BioPharma (MTNB).

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."

Who are Genco Shipping & Trading's major shareholders?

Genco Shipping & Trading's stock is owned by many different retail and institutional investors. Top institutional investors include Evermore Global Advisors LLC (4.96%), Mangrove Partners (3.27%), Bridgeway Capital Management Inc. (0.81%), Nuveen Asset Management LLC (0.40%), Goldman Sachs Group Inc. (0.17%) and Bank of New York Mellon Corp (0.14%). 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.

Which institutional investors are selling Genco Shipping & Trading stock?

GNK stock was sold by a variety of institutional investors in the last quarter, including Mangrove Partners, Evermore Global Advisors LLC, Nuveen Asset Management LLC, UBS Group AG, Two Sigma Advisers LP, and Ancora Advisors LLC. 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.

Which institutional investors are buying Genco Shipping & Trading stock?

GNK stock was bought by a variety of institutional investors in the last quarter, including Goldman Sachs Group Inc., Bridgeway Capital Management Inc., Swiss National Bank, Tudor Investment Corp Et Al, Raymond James Financial Services Advisors Inc., Bank of New York Mellon Corp, Bank of America Corp DE, and Charles Schwab Investment Management Inc..
View insider buying and selling activity 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, 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 $6.37.

How big of a company is Genco Shipping & Trading?

Genco Shipping & Trading has a market capitalization of $266.28 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 9/23/2020 by MarketBeat.com Staff
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