Gener8 Maritime, Inc. provides international seaborne crude oil and petroleum products transportation services. As of March 14, 2018, it had a fleet of 30 vessels comprising 21 very large crude carriers, 6 Suezmaxes, 1 Aframax, and 2 Panamax tankers with a total carrying capacity of approximately 7.5 million deadweight tons. The company was formerly known as General Maritime Corporation and changed its name to Gener8 Maritime, Inc. in May 2015. Gener8 Maritime, Inc. was founded in 1997 and is based in New York, New York.
Industry, Sector and Symbol
Stock Exchange NYSE
Industry Deep sea foreign transportation of freight
Sub-IndustryN/A
SectorTransportation
SymbolNYSE:GNRT
CUSIPN/A
Phone212-763-5600
Debt
Debt-to-Equity Ratio0.16
Current Ratio0.23
Quick Ratio0.23
Price-To-Earnings
Trailing P/E Ratio-26.44
Forward P/E Ratio-4.62
P/E GrowthN/A
Sales & Book Value
Annual Sales$298.37 million
Price / Sales1.84
Cash Flow$1.1825 per share
Price / Cash5.59
Book Value$15.30 per share
Price / Book0.43
Profitability
EPS (Most Recent Fiscal Year)($0.25)
Net Income$-168,540,000.00
Net Margins-102.09%
Return on Equity-7.26%
Return on Assets-3.50%
Miscellaneous
Employees39
Outstanding Shares83,270,000
Market Cap$550.40 million
Gener8 Maritime (NYSE:GNRT) Frequently Asked Questions
What is Gener8 Maritime's stock symbol?
Gener8 Maritime trades on the New York Stock Exchange (NYSE) under the ticker symbol "GNRT."
How were Gener8 Maritime's earnings last quarter?
Gener8 Maritime Inc (NYSE:GNRT) announced its quarterly earnings results on Thursday, November, 9th. The shipping company reported ($0.39) EPS for the quarter, missing the Thomson Reuters' consensus estimate of ($0.33) by $0.06. The shipping company earned $47.89 million during the quarter, compared to the consensus estimate of $47.06 million. Gener8 Maritime had a negative net margin of 102.09% and a negative return on equity of 7.26%. The firm's revenue for the quarter was down 30.7% on a year-over-year basis. During the same period in the previous year, the business earned ($0.01) earnings per share. View Gener8 Maritime's Earnings History.
What price target have analysts set for GNRT?
5 analysts have issued 1 year price objectives for Gener8 Maritime's shares. Their forecasts range from $6.75 to $10.00. On average, they expect Gener8 Maritime's share price to reach $7.9167 in the next year. This suggests a possible upside of 19.8% from the stock's current price. View Analyst Price Targets for Gener8 Maritime.
What is the consensus analysts' recommendation for Gener8 Maritime?
5 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Gener8 Maritime 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 Gener8 Maritime.
Who are some of Gener8 Maritime's key competitors?
Some companies that are related to Gener8 Maritime include Ship Finance International (SFL), Euronav (EURN), Pac BASIN SHIPP/ADR (PCFBY), SEASPAN Corp/SH SH (SSW), Seacor (CKH), Frontline (FRO), Star Bulk Carriers (SBLK), COSTAMARE Inc/SH (CMRE), Scorpio Tankers (STNG), Teekay (TK), Navigator (NVGS), DHT (DHT), Genco Shipping & Trading (GNK), Scorpio Bulkers (SALT) and DryShips (DRYS).
Who are Gener8 Maritime's key executives?
Gener8 Maritime's management team includes the folowing people:
- Mr. Peter C. Georgiopoulos, Founder, Chairman & CEO (Age 57)
- Mr. Leonard J. Vrondissis, CFO, Sec. & Exec. VP (Age 41)
- Mr. John P. Tavlarios, COO & Exec. VP (Age 57)
- Mr. Nicolas Busch, Consultant & Director (Age 43)
- Mr. Milton H. Gonzales Jr., Mang. & Technical Director of Gener8 Maritime Management LLC (Age 64)
When did Gener8 Maritime IPO?
(GNRT) raised $270 million in an initial public offering (IPO) on Thursday, June 25th 2015. The company issued 15,000,000 shares at $17.00-$19.00 per share. Citigroup, UBS, Jefferies and Evercore ISI acted as the underwriters for the IPO and DNB Markets, ABN AMRO, Pareto Securities and Axia were co-managers.
Has Gener8 Maritime been receiving favorable news coverage?
Media stories about GNRT stock have been trending somewhat positive this week, according to Accern Sentiment. The research firm scores the sentiment of news coverage by analyzing more than twenty million blog and news sources. Accern ranks coverage of public companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Gener8 Maritime earned a coverage optimism score of 0.20 on Accern's scale. They also gave media headlines about the shipping company an impact score of 48.11 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the company's share price in the near term. View Recent Headlines for Gener8 Maritime.
How do I buy shares of Gener8 Maritime?
Shares of GNRT 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.
What is Gener8 Maritime's stock price today?
One share of GNRT stock can currently be purchased for approximately $6.61.
How big of a company is Gener8 Maritime?
Gener8 Maritime has a market capitalization of $550.40 million and generates $298.37 million in revenue each year. The shipping company earns $-168,540,000.00 in net income (profit) each year or ($0.25) on an earnings per share basis. Gener8 Maritime employs 39 workers across the globe.
How can I contact Gener8 Maritime?
Gener8 Maritime's mailing address is 299 PARK AVENUE 2ND FLOOR, NEW YORK NY, 10171. The shipping company can be reached via phone at 212-763-5600 or via email at [email protected]
MarketBeat Community Rating for Gener8 Maritime (NYSE GNRT)
MarketBeat's community ratings are surveys of what our community members think about Gener8 Maritime and other stocks. Vote "Outperform" if you believe GNRT will outperform the S&P 500 over the long term. Vote "Underperform" if you believe GNRT will underperform the S&P 500 over the long term. You may vote once every thirty days.
