About Gener8 Maritime (NYSE:GNRT)
Gener8 Maritime, Inc. is a provider of international seaborne crude oil transportation services. The Company operates through the transportation of international seaborne crude oil and petroleum products with its fleet of vessels segment. As of March 10, 2017, the Company owned a fleet of 40 tankers on the water, consisting of 24 Very Large Crude Carriers (VLCCs), 10 Suezmax vessels, four Aframax vessels and two Panamax vessels, with an aggregate carrying capacity of 9.4 million deadweight tons (DWT) and one eco VLCC newbuilding. As of March 10, 2017, approximately 77% of its total fleet carrying capacity based on DWT, including newbuildings, was focused on VLCC vessels. As of March 10, 2017, all of its VLCC vessels were deployed in Navig8 Group's VL8 Pool, all of its Suezmax vessels were deployed in Navig8 Group's Suez8 Pool and all of its Aframax vessels were deployed in the Navig8 Group's V8 Pool.
Industry, Sector and Symbol:
- Industry: Sea-Borne Tankers
- Sub-Industry: N/A
- Sector: Sea-Borne Tankers
- Symbol: NYSE:GNRT
- CUSIP: N/A
- Web: www.gener8maritime.com
- Debt-to-Equity Ratio: 0.93%
- Current Ratio: 1.62%
- Quick Ratio: 1.62%
Sales & Book Value:
- Trailing P/E Ratio: 24
- Forward P/E Ratio: -51.67
- Annual Sales: $404.62 million
- Price / Sales: 0.95
- Cash Flow: $2.70 per share
- Price / Cash: 1.72
- Book Value: $15.82 per share
- Price / Book: 0.29
- Trailing EPS: ($1.41)
- Net Income: $67.3 million
- Net Margins: -34.10%
- Return on Equity: 1.16%
- Return on Assets: 0.56%
- Employees: 38
- Outstanding Shares: 82,990,000
Frequently Asked Questions for Gener8 Maritime (NYSE:GNRT)
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) issued its earnings results on Thursday, November, 9th. The shipping company reported ($0.39) earnings per share 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 analysts' expectations of $47.06 million. Gener8 Maritime had a positive return on equity of 1.16% and a negative net margin of 34.10%. Gener8 Maritime's quarterly revenue was down 30.7% on a year-over-year basis. During the same period in the previous year, the company earned ($0.01) EPS. View Gener8 Maritime's Earnings History.
Where is Gener8 Maritime's stock going? Where will Gener8 Maritime's stock price be in 2017?
1 equities research analysts have issued 1-year price objectives for Gener8 Maritime's shares. Their forecasts range from $10.00 to $10.00. On average, they expect Gener8 Maritime's share price to reach $10.00 in the next twelve months. View Analyst Ratings for Gener8 Maritime.
Who are some of Gener8 Maritime's key competitors?
Some companies that are related to Gener8 Maritime include KMG Chemicals (KMG), Granite Point Mortgage Trust (GPMT), Forestar Group (FOR), Newpark Resources (NR), Venoco (VQ), PGT (PGTI), Vocera Communications (VCRA), Myovant Sciences (MYOV), Marcus Corporation (The) (MCS), Federal Agricultural Mortgage Corporation (AGM), Federal Agricultural Mortgage Corp. (AGM.A), eHi Car Services Limited (EHIC), Atwood Oceanics (ATW), CIRCOR International (CIR), Clearwater Paper Corporation (CLW), Regis Corporation (RGS), Teekay (TK) and Quanex Building Products Corporation (NX).
Who are Gener8 Maritime's key executives?
Gener8 Maritime's management team includes the folowing people:
- Peter C. Georgiopoulos, Chairman of the Board, Chief Executive Officer (Age 55)
- Leonard J. Vrondissis, Chief Financial Officer, Executive Vice President, Secretary (Age 39)
- John P. Tavlarios, Chief Operating Officer, Executive Vice President (Age 55)
- Sean Bradley, Manager and Commercial Director of GMM (Age 40)
- Milton H. Gonzales Jr., Manager, Technical Director and Maritime Compliance Officer of GMM (Age 63)
- Nicolas Busch, Director and Consultant (Age 41)
- Adam Pierce, Director (Age 36)
- Ethan Auerbach, Independent Director (Age 36)
- Daniel Ilany, Independent Director (Age 46)
- Roger Schmitz, Independent Director (Age 34)
When did Gener8 Maritime IPO?
(GNRT) raised $270 million in an IPO on Thursday, June 25th 2015. The company issued 15,000,000 shares at a price of $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.
Who owns Gener8 Maritime stock?
Gener8 Maritime's stock is owned by a number of of retail and institutional investors. Top institutional investors include Royce & Associates LP (1.16%), Schroder Investment Management Group (0.62%), Schwab Charles Investment Management Inc. (0.35%), Nationwide Fund Advisors (0.15%), First Trust Advisors LP (0.08%) and Wells Fargo & Company MN (0.05%). View Institutional Ownership Trends for Gener8 Maritime.
Who sold Gener8 Maritime stock? Who is selling Gener8 Maritime stock?
Who bought Gener8 Maritime stock? Who is buying Gener8 Maritime stock?
Gener8 Maritime's stock was acquired by a variety of institutional investors in the last quarter, including Royce & Associates LP, First Trust Advisors LP, Smith Moore & CO., Schwab Charles Investment Management Inc., Wells Fargo & Company MN and Nationwide Fund Advisors. View Insider Buying and Selling for Gener8 Maritime.
How do I buy Gener8 Maritime stock?
Shares of Gener8 Maritime 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 Gener8 Maritime stock can currently be purchased for approximately $4.65.
How big of a company is Gener8 Maritime?
Gener8 Maritime has a market capitalization of $387.57 million and generates $404.62 million in revenue each year. The shipping company earns $67.3 million in net income (profit) each year or ($1.41) on an earnings per share basis. Gener8 Maritime employs 38 workers across the globe.
How can I contact Gener8 Maritime?
Gener8 Maritime's mailing address is 299 Park Ave, NEW YORK, NY 10171-0002, United States. The shipping company can be reached via phone at +1-212-7635600 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 the stock will outperform the S&P 500 over the long term. Vote "Underperform" if you believe the stock will underperform the S&P 500 over the long term. You may vote once every thirty days.
Analysts' Consensus Rating for Gener8 Maritime (NYSE:GNRT) (How are Consensus Ratings Calculated?)
MarketBeat calculates consensus analyst ratings for company stocks using the most recent rating from each brokerage that has rated a stock within the last twelve months. Since brokers often use different ratings systems, each rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Analyst consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings from Wall Street analysts. Each stock's consensus analyst rating is derived from its calculated consensus ratings score (0-1.5 = Sell, 1.5-2.5 = Hold, 2.5-3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months.
MarketBeat will no longer include ratings and price target data in its consensus calculation if a broker drops coverage and MarketBeat has received a report that coverage was dropped. Ratings from certain research firms that issue ratings using purely quantitative methods (such as Zacks, Vetr and ValuEngine) are not included in consensus calculations. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.
|Ratings Breakdown: ||0 Sell Ratings, 0 Hold Ratings, 1 Buy Rating, 0 Strong Buy Ratings|
|Consensus Rating:||Buy (Score: 3.00)|
|Consensus Price Target: ||$10.00 (115.05% upside)|
Consensus Price Target History for Gener8 Maritime (NYSE:GNRT)
Analysts' Ratings History for Gener8 Maritime (NYSE:GNRT)
(Data available from 11/19/2015 forward)
|Date||Firm||Action||Rating||Price Target||Impact on Share Price||Details|
|10/19/2017||Jefferies Group LLC||Reiterated Rating||Buy||N/A|
|8/26/2016||Morgan Stanley||Reiterated Rating||Equal Weight||$9.00 -> $5.00||N/A|
|7/28/2016||Citigroup Inc.||Lower Price Target||Buy||$12.00 -> $9.00||N/A|
|5/4/2016||Seaport Global Securities||Reiterated Rating||Buy||$15.00||N/A|
Earnings History and Estimates Chart for Gener8 Maritime (NYSE:GNRT)
Earnings History by Quarter for Gener8 Maritime (NYSE GNRT)
(Data available from 1/1/2011 forward)
|Date||Quarter||Consensus Estimate||Actual EPS||Revenue Estimate||Actual Revenue||Release Link||Conference Call||Details|
|11/9/2017||Q3 2017||($0.33)||($0.39)||$47.06 million||$47.89 million||View||N/A|
|8/1/2017||Q2 2017||($0.06)||($0.11)||$76.55 million||$74.95 million||View||Listen|
|5/9/2017||Q1 2017||$0.43||$0.46||$114.54 million||$121.06 million||View||Listen|
|3/13/2017||Q4 2016||$0.17||$0.24||$90.82 million||$99.60 million||View||N/A|
|11/14/2016||Q316||$0.02||($0.01)||$78.71 million||$69.10 million||View||N/A|
|7/27/2016||Q216||$0.53||$0.51||$109.89 million||$105.96 million||View||N/A|
|5/11/2016||Q1||$0.68||$0.78||$120.71 million||$121.70 million||View||N/A|
|3/15/2016||Q415||$0.62||$0.61||$110.50 million||$102.76 million||View||N/A|
|8/4/2015||Q215||$0.44||$0.52||$363.69 million||$116.50 million||View||N/A|
Earnings Estimates for Gener8 Maritime (NYSE:GNRT)
Current Year EPS Consensus Estimate: $-0.09 EPS
Next Year EPS Consensus Estimate: $0.56 EPS
Dividend History for Gener8 Maritime (NYSE:GNRT)
No dividend announcements for this company have been tracked by MarketBeat.com
Insider Trading and Institutional Ownership History for Gener8 Maritime (NYSE GNRT)
Insider Ownership Percentage: 13.70%
Institutional Ownership Percentage: 76.56%
Insider Trades by Quarter for Gener8 Maritime (NYSE GNRT)
(Data available from 1/1/2013 forward)
|Transaction Date||Insider Name||Title||Buy/Sell||Number of Shares||Average Share Price||Total Transaction||Details|
|8/15/2016||Leonard J Vrondissis||VP||Sell||14,312||$5.30||$75,853.60|| |
|6/26/2015||Marine Holdings Tp L.P. Opps||Major Shareholder||Buy||36,594||$13.25||$484,870.50|| |
|6/25/2015||John P Tavlarios||COO||Buy||15,000||$13.03||$195,450.00|| |
Latest Headlines for Gener8 Maritime (NYSE GNRT)
|What to Expect from Frontline’s 3Q17 Earnings|
finance.yahoo.com - November 17 at 5:47 PM
|Sneak Peek into Frontline’s Upcoming 3Q17 Results|
finance.yahoo.com - November 17 at 11:53 AM
|Gener8 Maritime posts 1Q profit|
marketbeat.com - May 9 at 6:25 AM
|Gener8 Maritime, Inc. :GNRT-US: Earnings Analysis: 2016 By the Numbers : March 20, 2017|
us.rd.yahoo.com - March 20 at 7:16 PM
|Gener8 Maritime, Inc. :GNRT-US: Earnings Analysis: Q4, 2016 By the Numbers : March 20, 2017|
us.rd.yahoo.com - March 20 at 7:16 PM
|Why Gener8 Maritime, Inc. Shares Rose 6%|
www.fool.com - March 13 at 5:27 PM
|GENER8 MARITIME, INC. Files SEC form 8-K, Entry into a Material Definitive Agreement, Financial Statements and Exhibi|
biz.yahoo.com - March 6 at 5:07 PM
|Tanker Market Closely Watching China's Refined Product Quota Cuts|
seekingalpha.com - February 7 at 6:44 PM
|First Week Of September 15th Options Trading For Gener8 Maritime (GNRT)|
www.thestreet.com - January 24 at 6:10 PM
|GENER8 MARITIME, INC. Files SEC form 8-K, Change in Directors or Principal Officers, Financial Statements and Exhibit|
biz.yahoo.com - January 9 at 9:20 PM
|GENER8 MARITIME, INC. Files SEC form 8-K, Entry into a Material Definitive Agreement|
biz.yahoo.com - December 20 at 10:26 PM
|Gener8 Maritime, Inc. Announces Third Quarter 2016 Financial Results|
www.bizjournals.com - November 14 at 9:20 AM
|Large Crude Tanker Rates Rebound - But Is This Move Sustainable?|
seekingalpha.com - October 25 at 10:13 AM
|Q2 2016 Gener8 Maritime Inc Earnings Release - After Market Close|
biz.yahoo.com - July 27 at 7:07 AM
Gener8 Maritime (NYSE GNRT) Chart for Sunday, November, 19, 2017