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

Genco Shipping & Trading's stock was trading at $6.36 on March 11th, 2020 when Coronavirus reached pandemic status according to the World Health Organization (WHO). Since then, GNK shares have increased by 9.1% and is now trading at $6.94. View which stocks have been most impacted by Coronavirus.

5 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Genco Shipping & Trading in the last year. There are currently 3 hold ratings and 2 buy ratings for the stock, resulting in a consensus recommendation of "Hold." View analyst ratings for Genco Shipping & Trading.

Genco Shipping & Trading is scheduled to release its next quarterly earnings announcement on Wednesday, August 5th 2020. View our earnings forecast for Genco Shipping & Trading.

Genco Shipping & Trading Limited (NYSE:GNK) posted its quarterly earnings results on Wednesday, May, 6th. The shipping company reported ($0.17) EPS for the quarter, beating the Thomson Reuters' consensus estimate of ($0.30) by $0.13. The shipping company had revenue of $49.97 million for the quarter, compared to the consensus estimate of $43.36 million. Genco Shipping & Trading had a negative net margin of 42.74% and a negative return on equity of 2.80%. View Genco Shipping & Trading's earnings history.

Genco Shipping & Trading declared a quarterly dividend on Wednesday, May 6th. Shareholders of record on Monday, May 18th will be given a dividend of $0.02 per share on Thursday, May 28th. This represents a $0.08 annualized dividend and a yield of 1.15%. The ex-dividend date is Friday, May 15th. View Genco Shipping & Trading's dividend history.

5 Wall Street analysts have issued 12-month target prices for Genco Shipping & Trading's shares. Their forecasts range from $9.00 to $18.00. On average, they expect Genco Shipping & Trading's stock price to reach $11.40 in the next twelve months. This suggests a possible upside of 64.3% from the stock's current price. View analysts' price targets for Genco Shipping & Trading.

Media coverage about GNK stock has been trending negative this week, according to InfoTrie Sentiment. The research firm identifies positive and negative press coverage by monitoring more than six thousand blog and news sources in real time. The firm ranks coverage of companies on a scale of negative five to positive five, with scores closest to five being the most favorable. Genco Shipping & Trading earned a daily sentiment score of -2.8 on InfoTrie's scale. They also gave news headlines about the shipping company a news buzz of 2.0 out of 10, meaning that recent press coverage is very unlikely to have an impact on the company's share price in the next few days. View the latest news aboutGenco Shipping & Trading.

Genco Shipping & Trading saw a decrease in short interest in the month of May. As of May 15th, there was short interest totaling 676,100 shares, a decrease of 8.7% from the April 30th total of 740,700 shares. Based on an average daily volume of 263,900 shares, the days-to-cover ratio is presently 2.6 days. Currently, 1.9% of the company's stock are short sold. View Genco Shipping & Trading's Current Options Chain.

Some companies that are related to Genco Shipping & Trading include Scorpio Tankers (STNG), DHT (DHT), Star Bulk Carriers (SBLK), COSTAMARE INC/SH (CMRE), Torm (TRMD), Seacor (CKH), PAC BASIN SHIPP/ADR (PCFBY), DryShips (DRYS), Navigator (NVGS), Dorian LPG (LPG), Teekay (TK), TSAKOS ENERGY N/SH (TNP), Ardmore Shipping (ASC), Overseas Shipholding Group (OSG) and Eagle Bulk Shipping (EGLE). View all competitors.

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), Chesapeake Energy (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 many different retail and institutional investors. Top institutional shareholders include BlackRock Inc. (2.66%), State Street Corp (0.66%), Geode Capital Management LLC (0.57%), Nuveen Asset Management LLC (0.44%), Parametric Portfolio Associates LLC (0.21%) and Invesco Ltd. (0.15%). 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 Two Sigma Investments LP, Squarepoint Ops LLC, Morgan Stanley, Alambic Investment Management L.P., UBS Group AG, State Street Corp, Deutsche Bank AG, and Two Sigma Advisers LP. 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 bought by a variety of institutional investors in the last quarter, including Parametric Portfolio Associates LLC, Nuveen Asset Management LLC, Massachusetts Financial Services Co. MA, JPMorgan Chase & Co., BlackRock Inc., Invesco Ltd., Geode Capital Management LLC, and Victory Capital Management 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 $6.94.

Genco Shipping & Trading has a market capitalization of $290.11 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.