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NYSE:GNK - Genco Shipping & Trading Stock Price, Forecast & News

$7.68
+0.42 (+5.79 %)
(As of 02/28/2020 04:00 PM ET)
Today's Range
$7.09
Now: $7.68
$7.75
50-Day Range
$6.94
MA: $8.43
$10.07
52-Week Range
$6.83
Now: $7.68
$11.82
Volume331,000 shs
Average Volume241,125 shs
Market Capitalization$320.64 million
P/E RatioN/A
Dividend Yield9.64%
Beta1.14
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. Read More…

Industry, Sector and Symbol

Industry Deep sea foreign transportation of freight
Sub-IndustryN/A
SectorTransportation
Previous SymbolOTCBB:GSKNF
CUSIPN/A
Phone646-443-8550

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$389.50 million
Cash Flow$2.51 per share
Book Value$25.29 per share

Profitability

Net Income$-32,940,000.00

Miscellaneous

Employees1,346
Market Cap$320.64 million
Next Earnings Date5/13/2020 (Estimated)
OptionableNot Optionable

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Genco Shipping & Trading (NYSE:GNK) Frequently Asked Questions

What is Genco Shipping & Trading's stock symbol?

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

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, February 26th. Stockholders of record on Friday, March 6th will be paid a dividend of $0.175 per share on Monday, March 16th. This represents a $0.70 annualized dividend and a dividend yield of 9.11%. The ex-dividend date is Thursday, March 5th. View Genco Shipping & Trading's Dividend History.

How were Genco Shipping & Trading's earnings last quarter?

Genco Shipping & Trading Limited (NYSE:GNK) posted its quarterly earnings data on Tuesday, February, 25th. The shipping company reported $0.07 EPS for the quarter, missing analysts' consensus estimates of $0.10 by $0.03. The shipping company had revenue of $63.45 million for the quarter, compared to analyst estimates of $64.86 million. Genco Shipping & Trading had a negative return on equity of 2.77% and a negative net margin of 14.37%. View Genco Shipping & Trading's Earnings History.

When is Genco Shipping & Trading's next earnings date?

Genco Shipping & Trading is scheduled to release their next quarterly earnings announcement on Wednesday, May 13th 2020. View Earnings Estimates for Genco Shipping & Trading.

What price target have analysts set for GNK?

5 brokers have issued 12 month target prices for Genco Shipping & Trading's shares. Their forecasts range from $9.00 to $20.00. On average, they expect Genco Shipping & Trading's stock price to reach $14.10 in the next year. This suggests a possible upside of 83.6% from the stock's current price. View Analyst Price Targets for Genco Shipping & Trading.

What is the consensus analysts' recommendation for 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.

Has Genco Shipping & Trading been receiving favorable news coverage?

News headlines about GNK stock have trended very negative this week, InfoTrie Sentiment Analysis reports. The research group ranks the sentiment of news coverage by reviewing more than six thousand blog and news sources in real time. The firm ranks coverage of public companies on a scale of negative five to positive five, with scores closest to five being the most favorable. Genco Shipping & Trading earned a news impact score of -4.0 on InfoTrie's scale. They also assigned news stories about the shipping company a news buzz of 6.0 out of 10, meaning that recent news coverage is somewhat likely to have an impact on the stock's share price in the immediate future. View News Stories for Genco Shipping & Trading.

Are investors shorting Genco Shipping & Trading?

Genco Shipping & Trading saw a increase in short interest during the month of February. As of February 14th, there was short interest totalling 796,500 shares, an increase of 21.5% from the January 30th total of 655,400 shares. Based on an average daily volume of 243,700 shares, the short-interest ratio is currently 3.3 days. Currently, 2.2% of the shares of the stock are short sold. View Genco Shipping & Trading's Current Options Chain.

Who are some of Genco Shipping & Trading's key 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 Endologix (ELGX), Chipotle Mexican Grill (CMG), Micron Technology (MU), Energy Transfer LP Unit (ET), Dorian LPG (LPG), Apache (APA), Citigroup (C), Cleveland-Cliffs (CLF), CVS Health (CVS) and Gol Linhas Aereas Inteligentes (GOL).

Who are Genco Shipping & Trading's key executives?

Genco Shipping & Trading's management team includes the folowing 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)

Who are Genco Shipping & Trading's major shareholders?

Genco Shipping & Trading's stock is owned by many different of retail and institutional investors. Top institutional shareholders include Strategic Value Partners LLC (19.56%), Hawk Ridge Capital Management LP (1.48%), State Street Corp (0.70%), Renaissance Technologies LLC (0.58%), Geode Capital Management LLC (0.53%) and Valueworks LLC (0.37%). 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 Strategic Value Partners LLC, Goldman Sachs Group Inc., UBS Group AG, Bank of America Corp DE and Alliancebernstein L.P.. 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 for Genco Shipping & Trading.

Which institutional investors are buying Genco Shipping & Trading stock?

GNK stock was purchased by a variety of institutional investors in the last quarter, including Hawk Ridge Capital Management LP, Valueworks LLC, Renaissance Technologies LLC, Dynamic Technology Lab Private Ltd, State Street Corp, Ancora Advisors LLC, Jeereddi Investments LP and Aigen Investment Management LP. View Insider Buying and Selling 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 $7.68.

How big of a company is Genco Shipping & Trading?

Genco Shipping & Trading has a market capitalization of $320.64 million and generates $389.50 million in revenue each year. The shipping company earns $-32,940,000.00 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.View Additional Information About Genco Shipping & Trading.

What is Genco Shipping & Trading's official website?

The official website for Genco Shipping & Trading is http://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.


MarketBeat Community Rating for Genco Shipping & Trading (NYSE GNK)

Community Ranking:  2.3 out of 5 (star star)
Outperform Votes:  269 (Vote Outperform)
Underperform Votes:  304 (Vote Underperform)
Total Votes:  573
MarketBeat's community ratings are surveys of what our community members think about Genco Shipping & Trading and other stocks. Vote "Outperform" if you believe GNK will outperform the S&P 500 over the long term. Vote "Underperform" if you believe GNK will underperform the S&P 500 over the long term. You may vote once every thirty days.
This page was last updated on 2/29/2020 by MarketBeat.com Staff

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