Star Bulk Carriers Corp. (SBLK) Announces Quarterly Results
Star Bulk Carriers Corp. (NASDAQ:SBLK) posted its quarterly earnings results on Wednesday. The company reported $0.06 EPS for the quarter, beating the Thomson Reuters consensus estimate of ($0.02) by $0.08, Stock Ratings Network reports. During the same quarter in the prior year, the company posted $0.15 earnings per share.
A number of analysts have recently weighed in on SBLK shares. Analysts at Evercore Partners initiated coverage on shares of Star Bulk Carriers Corp. in a research note on Monday. They set an “overweight” rating and a $16.00 price target on the stock. On the ratings front, analysts at Pareto Securities upgraded shares of Star Bulk Carriers Corp. from a “hold” rating to a “buy” rating in a research note on Wednesday, June 18th. Finally, analysts at MLV & Co
raised their price target on shares of Star Bulk Carriers Corp. from $15.00 to $16.00 in a research note on Tuesday, June 17th. They now have a “buy” rating on the stock. One investment analyst has rated the stock with a hold rating and seven have assigned a buy rating to the stock. The company presently has an average rating of “Buy” and a consensus target price of $16.17.
Shares of Star Bulk Carriers Corp. (NASDAQ:SBLK) traded up 2.75% during mid-day trading on Wednesday, hitting $14.035. 230,944 shares of the company’s stock traded hands. Star Bulk Carriers Corp. has a one year low of $6.54 and a one year high of $15.88. The stock has a 50-day moving average of $11.5 and a 200-day moving average of $12.31.
Star Bulk Carriers Corp. (NASDAQ:SBLK) is an international company providing worldwide transportation of drybulk commodities through its vessel-owning subsidiaries for a broad range of customers of major and minor bulk cargoes including iron ore, coal, grain, cement and fertilizer.
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