NYSE:SALTScorpio Bulkers Stock Price, Forecast & News

Scorpio Bulkers' stock was trading at $2.65 on March 11th, 2020 when COVID-19 (Coronavirus) reached pandemic status according to the World Health Organization (WHO). Since then, SALT stock has increased by 578.9% and is now trading at $17.99. View which stocks have been most impacted by Coronavirus.

5 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Scorpio Bulkers in the last year. There are currently 1 hold rating and 4 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View analyst ratings for Scorpio Bulkers.

Scorpio Bulkers is scheduled to release its next quarterly earnings announcement on Monday, July 27th 2020. View our earnings forecast for Scorpio Bulkers.

Scorpio Bulkers Inc (NYSE:SALT) announced its earnings results on Monday, May, 11th. The shipping company reported ($15.65) earnings per share for the quarter, missing the consensus estimate of ($3.10) by $12.55. The shipping company earned $40.82 million during the quarter, compared to analysts' expectations of $43.68 million. Scorpio Bulkers had a negative net margin of 35.88% and a negative return on equity of 9.30%. View Scorpio Bulkers' earnings history.

Scorpio Bulkers declared a quarterly dividend on Tuesday, May 12th. Stockholders of record on Monday, June 15th will be paid a dividend of $0.05 per share on Tuesday, June 30th. This represents a $0.20 dividend on an annualized basis and a dividend yield of 1.11%. The ex-dividend date of this dividend is Friday, June 12th. View Scorpio Bulkers' dividend history.

Scorpio Bulkers's stock reverse split on Tuesday, April 7th 2020. The 1-10 reverse split was announced on Friday, April 3rd 2020. The number of shares owned by shareholders was adjusted after the closing bell on Monday, April 6th 2020. An investor that had 100 shares of Scorpio Bulkers stock prior to the reverse split would have 10 shares after the split.

5 brokerages have issued 12 month price targets for Scorpio Bulkers' stock. Their forecasts range from $40.00 to $85.00. On average, they expect Scorpio Bulkers' stock price to reach $53.00 in the next year. This suggests a possible upside of 194.6% from the stock's current price. View analysts' price targets for Scorpio Bulkers.

Media headlines about SALT stock have trended negative this week, according to InfoTrie Sentiment. InfoTrie identifies positive and negative news coverage by analyzing more than six thousand news and blog sources in real time. The firm ranks coverage of publicly-traded companies on a scale of negative five to positive five, with scores closest to five being the most favorable. Scorpio Bulkers earned a daily sentiment score of -2.0 on InfoTrie's scale. They also assigned news stories about the shipping company a news buzz of 0.0 out of 10, indicating that recent news coverage is extremely unlikely to have an effect on the stock's share price in the near term. View the latest news aboutScorpio Bulkers.

Scorpio Bulkers saw a increase in short interest in May. As of May 15th, there was short interest totaling 314,400 shares, an increase of 46.9% from the April 30th total of 214,000 shares. Based on an average daily trading volume, of 113,600 shares, the days-to-cover ratio is presently 2.8 days. Currently, 5.4% of the shares of the company are short sold. View Scorpio Bulkers' Current Options Chain.

Some companies that are related to Scorpio Bulkers include Star Bulk Carriers (SBLK), DryShips (DRYS), Dorian LPG (LPG), Navigator (NVGS), Teekay (TK), TSAKOS ENERGY N/SH (TNP), Genco Shipping & Trading (GNK), Ardmore Shipping (ASC), Overseas Shipholding Group (OSG), Capital Product Partners (CPLP), Eagle Bulk Shipping (EGLE), Diana Shipping (DSX), Danaos (DAC), StealthGas (GASS) and Safe Bulkers (SB). View all competitors.

Based on aggregate information from My MarketBeat watchlists, some companies that other Scorpio Bulkers investors own include Star Bulk Carriers (SBLK), Golden Ocean Group (GOGL), Scorpio Tankers (STNG), Omeros (OMER), Energy Transfer LP Unit (ET), Capital Product Partners (CPLP), Diana Shipping (DSX), Ford Motor (F), General Electric (GE) and Safe Bulkers (SB).

Scorpio Bulkers trades on the New York Stock Exchange (NYSE) under the ticker symbol "SALT."

Scorpio Bulkers' stock is owned by a number of institutional and retail investors. Top institutional investors include BlackRock Inc. (40.24%), Bank of New York Mellon Corp (19.77%), State Street Corp (13.48%), Hourglass Capital LLC (8.34%), Valueworks LLC (6.74%) and JPMorgan Chase & Co. (5.10%).

SALT stock was sold by a variety of institutional investors in the last quarter, including Bank of New York Mellon Corp, Deutsche Bank AG, UBS Group AG, Wells Fargo & Company MN, Squarepoint Ops LLC, Two Sigma Investments LP, Parametric Portfolio Associates LLC, and Valueworks LLC.

SALT stock was purchased by a variety of institutional investors in the last quarter, including JPMorgan Chase & Co., Hourglass Capital LLC, Nuveen Asset Management LLC, BlackRock Inc., Two Sigma Advisers LP, Los Angeles Capital Management & Equity Research Inc., Geode Capital Management LLC, and GSA Capital Partners LLP.

Shares of SALT 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 SALT stock can currently be purchased for approximately $17.99.

Scorpio Bulkers has a market capitalization of $130.39 million and generates $224.58 million in revenue each year. The shipping company earns $44.65 million in net income (profit) each year or $11.90 on an earnings per share basis. Scorpio Bulkers employs 6 workers across the globe.

The official website for Scorpio Bulkers is www.scorpiobulkers.com.

Scorpio Bulkers' mailing address is 9 BOULEVARD CHARLES III, Monaco O9, MC98000. The shipping company can be reached via phone at (011)377 9798 5716.