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

Genco Shipping & Trading's stock was trading at $6.36 on March 11th, 2020 when COVID-19 reached pandemic status according to the World Health Organization (WHO). Since then, GNK stock has increased by 8.0% and is now trading at $6.87. 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) issued its quarterly earnings results on Wednesday, May, 6th. The shipping company reported ($0.17) earnings per share (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 analyst estimates of $43.36 million. 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, May 6th. Investors of record on Monday, May 18th will be paid a dividend of $0.02 per share on Thursday, May 28th. This represents a $0.08 annualized dividend and a yield of 1.16%. The ex-dividend date of this dividend is Friday, May 15th. View Genco Shipping & Trading's dividend history.

5 brokerages have issued 1-year price objectives for Genco Shipping & Trading's shares. Their forecasts range from $9.00 to $18.00. On average, they expect Genco Shipping & Trading's share price to reach $11.40 in the next year. This suggests a possible upside of 65.9% from the stock's current price. View analysts' price targets for Genco Shipping & Trading.

News headlines about GNK stock have been trending negative this week, according to InfoTrie Sentiment Analysis. InfoTrie scores the sentiment of media coverage by analyzing more than six thousand news and blog sources in real-time. The firm ranks coverage of public companies on a scale of -5 to 5, with scores closest to five being the most favorable. Genco Shipping & Trading earned a news impact score of -2.1 on InfoTrie's scale. They also gave media coverage about the shipping company a news buzz of 0.0 out of 10, indicating that recent media coverage is extremely unlikely to have an effect on the company's share price in the immediate future. View the latest news about Genco Shipping & Trading.

Genco Shipping & Trading saw a decline in short interest during the month of June. As of June 15th, there was short interest totaling 810,000 shares, a decline of 9.8% from the May 31st total of 898,000 shares. Based on an average daily trading volume, of 290,200 shares, the days-to-cover ratio is presently 2.8 days. Currently, 2.3% of the company's shares are short sold. View Genco Shipping & Trading's Current Options Chain.

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

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 $6.87.

Genco Shipping & Trading has a market capitalization of $287.18 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.