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

$4.76
-0.17 (-3.45 %)
(As of 05/26/2020 04:00 PM ET)
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Compare
Today's Range
$4.75
Now: $4.76
$4.94
50-Day Range
$4.51
MA: $5.43
$6.46
52-Week Range
$4.27
Now: $4.76
$11.82
Volume14,644 shs
Average Volume254,874 shs
Market Capitalization$198.97 million
P/E RatioN/A
Dividend Yield1.67%
Beta0.78
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. As of March 5, 2019, the company's fleet consisted of 17 Capesize, 2 Panamax, 6 Ultramax, 20 Supramax, and 13 Handysize vessels with an aggregate capacity of approximately 5,075,000 deadweight tons. Genco Shipping & Trading Limited was founded in 2004 and is headquartered in New York, New York.
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Genco Shipping & Trading logo

Beat the Market (BTM) Rank

Analyst Opinion: 3.3Community Rank: 2.4Dividend Strength: 1.7Insider Behavior: 1.0Valuation: 1.3 5 -4 -3 -2 -1 -

Overall Beat the Market Rank

1.91 out of 5 stars


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$1.20 per share
Book Value$23.43 per share

Profitability

Net Income$-55,990,000.00

Miscellaneous

Employees1,346
Market Cap$198.97 million
Next Earnings Date8/5/2020 (Estimated)
OptionableNot Optionable

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

How has Genco Shipping & Trading's stock been impacted by COVID-19 (Coronavirus)?

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 shares have decreased by 25.2% and is now trading at $4.76. View which stocks have been most impacted by Coronavirus.

Do Wall Street analysts recommend investors buy shares of Genco Shipping & Trading?

4 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 2 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View analyst ratings for Genco Shipping & Trading.

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

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.

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

Genco Shipping & Trading Limited (NYSE:GNK) issued its earnings results on Wednesday, May, 6th. The shipping company reported ($0.17) EPS for the quarter, topping the 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 return on equity of 2.80% and a negative net margin of 42.74%. View Genco Shipping & Trading's earnings history.

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, 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 1.68%. The ex-dividend date of this dividend is Friday, May 15th. View Genco Shipping & Trading's dividend history.

What price target have analysts set for GNK?

4 brokerages have issued 12 month price objectives for Genco Shipping & Trading's stock. Their forecasts range from $9.00 to $18.00. On average, they expect Genco Shipping & Trading's share price to reach $12.00 in the next year. This suggests a possible upside of 152.1% from the stock's current price. View analysts' price targets for Genco Shipping & Trading.

Has Genco Shipping & Trading been receiving favorable news coverage?

News coverage about GNK stock has trended extremely negative recently, InfoTrie Sentiment reports. InfoTrie identifies negative and positive news coverage by analyzing more than six thousand blog and news sources in real-time. The firm ranks coverage of companies on a scale of negative five to five, with scores closest to five being the most favorable. Genco Shipping & Trading earned a media sentiment score of -5.0 on InfoTrie's scale. They also gave media stories about the shipping company a news buzz of 0.0 out of 10, meaning that recent news coverage is extremely unlikely to have an impact on the company's share price in the next several days. View the latest news aboutGenco Shipping & Trading.

Are investors shorting Genco Shipping & Trading?

Genco Shipping & Trading saw a decrease in short interest in 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 trading volume of 263,900 shares, the short-interest ratio is presently 2.6 days. Approximately 1.9% 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 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).

Who are Genco Shipping & Trading's key executives?

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

What is Genco Shipping & Trading's stock symbol?

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

Who are Genco Shipping & Trading's major shareholders?

Genco Shipping & Trading's stock is owned by a number of institutional and retail 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.

Which major investors are selling Genco Shipping & Trading stock?

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.

Which major investors are buying Genco Shipping & Trading stock?

GNK stock was acquired 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.

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 $4.76.

How big of a company is Genco Shipping & Trading?

Genco Shipping & Trading has a market capitalization of $198.97 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.

What is Genco Shipping & Trading's official website?

The official website for Genco Shipping & Trading is 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.

This page was last updated on 5/26/2020 by MarketBeat.com Staff

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