Genco Shipping & Trading Stock Forecast, Price & News

5 Wall Street equities research 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. The consensus among Wall Street equities research analysts is that investors should "buy" Genco Shipping & Trading stock.
View analyst ratings for Genco Shipping & Trading or view top-rated stocks.

Wall Street analysts have given Genco Shipping & Trading a "Buy" rating, but there may be better short-term opportunities in the market. Some of MarketBeat's past winning trading ideas have resulted in 5-15% weekly gains. MarketBeat just released five new trading ideas, but Genco Shipping & Trading wasn't one of them. MarketBeat thinks these five stocks may be even better buys.
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Genco Shipping & Trading saw a drop in short interest in the month of March. As of March 15th, there was short interest totaling 486,400 shares, a drop of 56.2% from the February 28th total of 1,110,000 shares. Based on an average daily volume of 949,500 shares, the days-to-cover ratio is presently 0.5 days. Approximately 1.3% of the company's shares are short sold.
View Genco Shipping & Trading's Short Interest.

Genco Shipping & Trading is scheduled to release its next quarterly earnings announcement on Wednesday, May 5th 2021.
View our earnings forecast for Genco Shipping & Trading.

Genco Shipping & Trading will be holding an earnings conference call on Wednesday, May 5th at 12:00 AM Eastern. Interested parties can register for or listen to the call using this link or dial in at Not Available.

Genco Shipping & Trading Limited (NYSE:GNK) released its quarterly earnings data on Thursday, February, 25th. The shipping company reported $0.22 earnings per share (EPS) for the quarter, topping the Thomson Reuters' consensus estimate of $0.14 by $0.08. The shipping company earned $62.06 million during the quarter, compared to analyst estimates of $58.15 million. Genco Shipping & Trading had a negative net margin of 43.05% and a negative trailing twelve-month return on equity of 2.43%.
View Genco Shipping & Trading's earnings history.

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 stock has increased by 75.2% and is now trading at $11.14.
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Genco Shipping & Trading announced a quarterly dividend on Wednesday, February 24th. Stockholders of record on Wednesday, March 10th will be paid a dividend of $0.02 per share on Wednesday, March 17th. This represents a $0.08 annualized dividend and a dividend yield of 0.72%. The ex-dividend date of this dividend is Tuesday, March 9th.
View Genco Shipping & Trading's dividend history.

Genco Shipping & Trading pays an annual dividend of $0.08 per share and currently has a dividend yield of 0.74%.
View Genco Shipping & Trading's dividend history.

5 analysts have issued 12-month price objectives for Genco Shipping & Trading's stock. Their forecasts range from $8.90 to $14.00. On average, they anticipate Genco Shipping & Trading's share price to reach $11.23 in the next twelve months. This suggests a possible upside of 0.8% from the stock's current price.
View analysts' price targets for Genco Shipping & Trading or view top-rated stocks among Wall Street analysts.

89 employees have rated Genco Shipping & Trading CEO Nick Mackenzie on Glassdoor.com. Nick Mackenzie has an approval rating of 83% among Genco Shipping & Trading's employees.

Some companies that are related to Genco Shipping & Trading include Euronav (EURN), Star Bulk Carriers (SBLK), Frontline (FRO), Pacific Basin Shipping (PCFBY), Costamare (CMRE), Danaos (DAC), Scorpio Tankers (STNG), DHT (DHT), SFL (SFL), Seacor (CKH), TORM (TRMD), Navigator (NVGS), Dorian LPG (LPG), Global Ship Lease (GSL) and Eagle Bulk Shipping (EGLE).
View all of GNK's competitors.

Based on aggregate information from My MarketBeat watchlists, some companies that other Genco Shipping & Trading investors own include Pennsylvania Real Estate Investment Trust (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).

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

Shares of GNK can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of GNK stock can currently be purchased for approximately $11.14.

Genco Shipping & Trading has a market capitalization of $466.90 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 960 workers across the globe.

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

Genco Shipping & Trading is headquartered at 299 Park Avenue 12th Floor, NEW YORK NY, 10171.

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 or via email at [email protected]