The Transportation – Shipping industry is part of the Transportation sector. This group has a Zacks Industry Rank of 32, putting it in the top 13% of all 250+ industries. Star Bulk Carriers (SBLK) closed the most recent trading day at $22.11, moving -0.45% from the previous trading session.
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Latest On Star Bulk Carriers Corp
Star Bulk is a global shipping company providing worldwide seaborne transportation solutions in the dry bulk sector. Star Bulk Carriers Corp provides seaborne transportation solutions in the dry bulk sector. The company owns and operates dry bulk carrier vessels, which are used to transport bulk, such as iron ore, coal, grains, bauxite, fertilizers, and steel products. It owns a fleet of vessels that consists of Newcastlemax, Capesize, Post Panamax, Kamsarmax, Panamax, Panamax, and Supramax. 2 equities research analysts have issued 12-month price objectives for Star Bulk Carriers’ stock. On average, they predict the company’s share price to reach $28.33 in the next twelve months.
The company initiated a dividend policy in 2021 that allows it to pay dividends 4 times per year. According to 3 analysts, the average rating for SBLK stock is “Strong Buy.” The 12-month stock price forecast is $26.0, which is an increase of 49.08% from the latest price. https://1investing.in/ Corp manages the bulk of its fleet through two subsidiaries, Star Bulk SA and Star Bulk Cyprus. This strategy allows the company to manage its fleet efficiently, including taking advantage of synergies and the benefits of scale. It invests in the latest ship technology and the tools to manage and maintain its fleet and maximize operational efficiency. According to TipRanks, Christensen is a top 100 analyst with an average return of 32.8% and a 68.67% success rate.
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About Star BulkStar Bulk is a global shipping company providing worldwide seaborne transportation solutions in the dry bulk sector. Star Bulk’s vessels transport major bulks, which include iron ore, minerals and grain, and minor bulks, which include bauxite, fertilizers and steel products. Star Bulk was incorporated in the Marshall Islands on December 13, 2006 and maintains executive offices in Athens, Oslo, New York, Limassol and Singapore. Its common stock trades on the Nasdaq Global Select Market under the symbol “SBLK”. Star Bulk Carriers Corp. was incorporated in 2006 in the Marshall Islands but maintains operational headquarters in Marousi, Greece.
Upgrade to MarketBeat All Access to add more stocks to your watchlist. ATHENS, Greece, April 11, 2022 (GLOBE NEWSWIRE) — Star Bulk (the “Company”) has today filed a new automatic shelf registration on Form F-3 in order to replace the existing shelf registration statemen… Investing in sectors that rely on freely traded commodities is incredibly difficult. I’m not just talking about traditional commodities such as coal and iron ore here.
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As of August 31st, there was short interest totaling 2,810,000 shares, a decrease of 28.3% from the August 15th total of 3,920,000 shares. Based on an average daily volume of 911,400 shares, the short-interest ratio is currently 3.1 days. Approximately 2.9% of the shares of the company are sold short. Star Bulk Carriers Corp is a diversified dry bulk shipper as well.
Star Bulk Carriers’s most recent quarterly dividend payment of $0.40 per share was made to shareholders on Thursday, September 7, 2023. Bulk commodity shipping stocks kept rising in May even as the broader market fell, offering shelter from the storm. Get this delivered to your inbox, and more info about our products and services. The Zacks Industry Rank assigns a rating to each of the 265 X (Expanded) Industries based on their average Zacks Rank. Based on our research, we believe these estimate revisions are directly related to near-team stock moves.
This suggests a possible upside of 62.5% from the stock’s current price. View analysts price targets for SBLK or view top-rated stocks among Wall Street analysts. 2 Wall Street analysts have issued “buy,” “hold,” and “sell” ratings for Star Bulk Carriers in the last twelve months.
See which 3 stocks are most likely to make moves following their insider activities. SBLK market cap is currently $1.79B and has a P/E ratio of 6.27. Get stock recommendations, portfolio guidance, and more from The Motley Fool’s premium services. The industry with the best average Zacks Rank would be considered the top industry (1 out work under process of 265), which would place it in the top 1% of Zacks Ranked Industries. The industry with the worst average Zacks Rank (265 out of 265) would place in the bottom 1%. An industry with a larger percentage of Zacks Rank #1’s and #2’s will have a better average Zacks Rank than one with a larger percentage of Zacks Rank #4’s and #5’s.
Star Bulk Carriers (NASDAQ: SBLK)
With this in mind, we can consider positive estimate revisions a sign of optimism about the company’s business outlook. Data are provided ‘as is’ for informational purposes only and are not intended for trading purposes. Data may be intentionally delayed pursuant to supplier requirements. Monday was a rough day all around on Wall Street but particularly painful for owners of ocean shipping stocks, which fell much more sharply than the broader market. The dry bulk market is still booming, but big troubles loom in China.
The company is scheduled to release its next quarterly earnings announcement on Wednesday, November 15th 2023. Star Bulk Carriers Corp. is one of the world’s largest bulk goods shippers. The company is ranked 4th by the number of ships but 2nd by deadweight tonnage, which stands at over 14 million. Bulk carriers transport unpackaged goods, such as commodities and raw materials, which are classified into two categories; major bulk and minor bulk.
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Only Zacks Rank stocks included in Zacks hypothetical portfolios at the beginning of each month are included in the return calculations. Zacks Ranks stocks can, and often do, change throughout the month. Certain Zacks Rank stocks for which no month-end price was available, pricing information was not collected, or for certain other reasons have been excluded from these return calculations.
- The company’s goal is to be a high-quality, sustainable and efficient operator that can produce long-term growth for investors.
- Star Bulk Carriers (SBLK) closed the most recent trading day at $22.11, moving -0.45% from the previous trading session.
- Currently, the analyst consensus on Star Bulk Carriers is a Strong Buy with an average price target of $28.67, a 66.30% upside from current levels.
- Star Bulk is a global shipping company providing worldwide seaborne transportation solutions in the dry bulk sector.
- Investing in sectors that rely on freely traded commodities is incredibly difficult.
The Private Securities Litigation Reform Act of 1995 provides safe harbor protections for forward-looking statements in order to encourage companies to provide prospective information about their business. The Company desires to take advantage of the safe harbor provisions of the Private Securities Litigation Reform Act of 1995 and is including this cautionary statement in connection with this safe harbor legislation. The words “believe,” “anticipate,” “intends,” “estimate,” “forecast,” “project,” “plan,” “potential,” “may,” “should,” “expect,” “pending” and similar expressions identify forward-looking statements. Star Bulk Carriers Corp. is a holding company, which engages in the provision of seaborne transportation solutions in the dry bulk sector. It ships iron ore, coal and grain, bauxite, fertilizers, and steel products.
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Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1. Investors will be hoping for strength from Star Bulk Carriers as it approaches its next earnings release. The company is expected to report EPS of $0.82, down 72.3% from the prior-year quarter. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $274.04 million, down 45.18% from the year-ago period.
Our system takes these estimate changes into account and delivers a clear, actionable rating model. We’d like to share more about how we work and what drives our day-to-day business. One share of SBLK stock can currently be purchased for approximately $17.44.
Star Bulk Carriers is currently sporting a Zacks Rank of #3 (Hold). Star Bulk Carriers announced a quarterly dividend on Thursday, August 3rd. Investors of record on Tuesday, August 22nd will be given a dividend of $0.40 per share on Thursday, September 7th. This represents a $1.60 annualized dividend and a dividend yield of 9.17%. This is an increase from the stock’s previous quarterly dividend of $0.35. Star Bulk Carriers saw a decrease in short interest in the month of August.
For comparison, its industry has an average Forward P/E of 4.85, which means Star Bulk Carriers is trading at a premium to the group. Investors might also notice recent changes to analyst estimates for Star Bulk Carriers. These revisions typically reflect the latest short-term business trends, which can change frequently.