NYSE:GNK - Genco Shipping & Trading Stock Price, Price Target & More

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

Genco Shipping & Trading Limited (NYSE:GNK) issued its quarterly earnings results on Tuesday, May, 8th. The shipping company reported $0.02 earnings per share for the quarter, meeting the Zacks' consensus estimate of $0.02. The shipping company earned $76.92 million during the quarter, compared to the consensus estimate of $56.93 million. Genco Shipping & Trading had a negative return on equity of 2.26% and a negative net margin of 39.84%. View Genco Shipping & Trading's Earnings History.

Genco Shipping & Trading is scheduled to release their next quarterly earnings announcement on Monday, August, 6th 2018. View Earnings Estimates for Genco Shipping & Trading.

6 Wall Street analysts have issued twelve-month price objectives for Genco Shipping & Trading's shares. Their forecasts range from $14.50 to $20.00. On average, they anticipate Genco Shipping & Trading's stock price to reach $17.75 in the next year. This suggests a possible upside of 19.5% from the stock's current price. View Analyst Ratings for Genco Shipping & Trading.

6 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 5 buy ratings for the stock, resulting in a consensus recommendation of "Buy."

Genco Shipping & Trading saw a decrease in short interest in June. As of June 29th, there was short interest totalling 149,232 shares, a decrease of 78.9% from the June 15th total of 707,901 shares. Based on an average daily volume of 381,990 shares, the short-interest ratio is currently 0.4 days. Approximately 0.4% of the shares of the company are short sold. View Genco Shipping & Trading's Current Options Chain.

Some companies that are related to Genco Shipping & Trading include Ship Finance International (SFL), Euronav (EURN), Pac BASIN SHIPP/ADR (PCFBY), SEASPAN Corp/SH SH (SSW), Seacor (CKH), Frontline (FRO), COSTAMARE Inc/SH (CMRE), Scorpio Tankers (STNG), Star Bulk Carriers (SBLK), Teekay (TK), Navigator (NVGS), DHT (DHT), Gener8 Maritime (GNRT), Scorpio Bulkers (SALT) and DryShips (DRYS).

News coverage about GNK stock has trended somewhat positive on Tuesday, Accern Sentiment Analysis reports. The research firm identifies negative and positive press coverage by analyzing more than 20 million blog and news sources. Accern ranks coverage of public companies on a scale of -1 to 1, with scores closest to one being the most favorable. Genco Shipping & Trading earned a media sentiment score of 0.02 on Accern's scale. They also assigned news coverage about the shipping company an impact score of 46.63 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the company's share price in the next few days.

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.

One share of GNK stock can currently be purchased for approximately $14.85.

Genco Shipping & Trading has a market capitalization of $626.53 million and generates $209.70 million in revenue each year. The shipping company earns $-58,720,000.00 in net income (profit) each year or ($1.29) on an earnings per share basis. Genco Shipping & Trading employs 35 workers across the globe.

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.